Patents Assigned to Western Union
  • Alternative payment devices using electronic check processing as a payment mechanism
    Patent number: 7350697
    Abstract: 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.
    Type: Grant
    Filed: August 11, 2006
    Date of Patent: April 1, 2008
    Assignees: First Data Corporation, Western Union
    Inventors: Amy Swift, Lisa Tidwell, Cassandra Mollett