Jeffrey T Ricker

US Patent:

7191149, Mar 13, 2007

Filed:

Jun 5, 2000

Appl. No.:

09/587400

Inventors:

Timothy S. Lanham - Fort Collins CO, US
Jeffrey T. Ricker - Steamboat CO, US
Brant A. Gluth - Fort Collins CO, US
C. Michael Crosiar - Loveland CO, US
John M. Baughman - Fort Collins CO, US

Assignee:

Alternative Financial Solutions, LLC - Fort Collins CO

International Classification:

G06Q 40/00

US Classification:

705 38, 705 79

Abstract:

A process and system for seeking authorization for present receipt of legal tender in a requested amount, including: receiving an input entered through a user interface, the input comprising a value for the requested amount (encoded information from an identification item may also be read); transmitting the input over a data transfer pathway to a remote processor; automatically determining whether authorization of the requested amount, or a lesser amount, is granted; and if authorization is so granted, reading indicia information on a post-dated draft item for a sum total equal to at least an authorized amount plus a fee (if a draft item is being used for the present receipt of tender), and automatically providing an article for use to effectuate the present receipt of the legal tender in this authorized amount. The indicia information is also preferably transmitted over the data transfer pathway. An intermediary may be employed in the process.