Abstract: In commercial transactions, settlement is conventionally made by cash or by checks drawn from a current account in a bank. Users of such checking system enjoy its convenience. In the conventional process of check negotiation, however, such system involves a vast amount of complicated procedures including several steps of mechanical as well as manual processing. An automatic check card issuing apparatus for issuing check cards to the customer who draws a check from a financial institution such as bank, etc. is a great advantage to the financial institution as well as to the user. Check cards may be promptly issued by a simple operation according to the present invention.

Abstract: In commercial transactions, settlement is conventionally made by cash and by checks drawn on a current account in a bank, etc. Users of such checking system enjoy its advantages. From the standpoint of banking business, however, such system involves a vast amont of complicated clerical procedures, and a number of negotiation checks pose a bottleneck in rationalizing the banking business. According to the present invention, there is provided a safe and secure check negotiating system which enables checks to be cashed with a minimum manual handling once check has been received by a financial institution such as a bank. The present invention also aims to provide a novel check card and an apparatus for drawing check cards to prevent illicit use of such a card when lost or stolen.