Patents by Inventor James F. Carney

James F. Carney has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Check fraud detection techniques using encrypted payee information
    Patent number: 6181814
    Abstract: A system and method for detecting and thus preventing check fraud utilizing a digital computer with image capture and interpretation systems. The system converts the payee information, issue date and the MICR line information (account number, check number and dollar amount) to a check digit which is then placed into the MICR line of a check, printed on its face or transmitted via the paid issuance file to the drawee bank. The drawee bank, upon presentment utilizes a transformation algorithm to convert the printed payee information and issue date on the check into a numerical value that is combined with MICR line information and a check digit is calculated based upon pre-agreed logic. This unique data processing system quickly confirms properly presented checks while effectively precludes payee and other alterations in a cost effective manner.
    Type: Grant
    Filed: July 14, 1998
    Date of Patent: January 30, 2001
    Assignee: Merrill Lynch & Co. Inc.
    Inventor: James F. Carney
  • Check alteration detection system and method
    Patent number: 5890141
    Abstract: A system and method for detecting and thus preventing check fraud utilizing a digital computer with image capture and interpretation systems. The system converts the payee information, issue date and the MICR line information (account number, check number and dollar amount) to a check digit which is then placed into the MICR line of a check, printed on its face or transmitted via the paid issuance file to the drawee bank. The drawee bank, upon presentment utilizes a transformation algorithm to convert the printed payee information and issue date on the check into a numerical value that is combined with MICR line information and a check digit is calculated based upon pre-agreed logic. This unique data processing system quickly confirms properly presented checks while effectively precludes payee and other alterations in a cost effective manner.
    Type: Grant
    Filed: January 18, 1996
    Date of Patent: March 30, 1999
    Assignees: Merrill Lynch & Co., Inc., Mellon Bank, N.A.
    Inventors: James F. Carney, Craig W. Ponsonby, Jr., Anthony F. Brady
  • Check authentication system utilizing payee information
    Patent number: 5781654
    Abstract: A system and method for detecting and thus preventing check fraud utilizing a digital computer with image capture and interpretation systems. The system converts the payee information, issue date and the MICR line information (account number, check number and dollar amount) to a check digit which is then placed into the MICR line of a check, printed on its face or transmitted via the paid issuance file to the drawee bank. The drawee bank, upon presentment utilizes a transformation algorithm to convert the printed payee information and issue date on the check into a numerical value that is combined with MICR line information and a check digit is calculated based upon pre-agreed logic. This unique data processing system quickly confirms properly presented checks while effectively precludes payee and other alterations in a cost effective manner.
    Type: Grant
    Filed: January 18, 1996
    Date of Patent: July 14, 1998
    Assignee: Merrill Lynch & Co., Inc.
    Inventor: James F. Carney