Alternative payment devices using electronic check processing as a payment mechanism

The present invention includes a merchant system that recognizes virtually any payment device or technology that uses electronic check processing as a payment mechanism. For example, the merchant system associates presentation of the payment device with information used to electronically debit a che...

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Bibliographic Details
Main Authors Swift, Amy, Tidwell, Lisa, Mollett, Cassandra
Format Patent
LanguageEnglish
Published 07.11.2006
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Summary:The present invention includes a merchant system that recognizes virtually any payment device or technology that uses electronic check processing as a payment mechanism. For example, the merchant system associates presentation of the payment device with information used to electronically debit a checking account, such as MICR data, and submits the same to a transaction processor capable of settling electronic debit transactions.