TaXpert
                
                   15121 Points
                   Joined September 2007
                
               
			  
			  
             
            
             BANK CHEQUE SYSTEM WITH CHEOUES HAVING        MAGNETIZED STRIPS AND/OR STORAGE CHIPS                  Field of the Invention                    The invention relates to a bank cheque system wherein banks issue cheques          carrying on their front faces imprinted visible data, rear faces for endorsement, and          a magnetized strip and/or storage chip having an invisible magnetic (stored) encoded        data, as well as the magnetized cheques themselves and methods of controlling the          authenticity and guaranteeing the funding of such cheques.
The invention also pertains to methods, and electronic systems and magnetized          strips and/or storage chips, used to produce and use fresh and new magnetized          cheques to discover any forging in the magnetized cheques immediately upon          introducing them for negotiation, to instantly state and confirm whether or not          sufficient funds are available, and to avoid the damages that could result from          forging ordinary cheques, or the non-availability of sufficient funds.
Background of the Invention                  The invention relates to new cheques made of paper and/or plastic or any other          material, the cheques being merged and compacted with magnetized strips and/or          storage chips, and to the use of reader devices to discover any unauthorized        alteration or forging in the cheques, immediately upon introducing them for          negotiation, to state and confirm instantly whether or not sufficient funds are          available, and to avoid the damages that could result by forging ordinary cheques,          or the non-availability of sufficient funds.
**DM
***
 CRaZy  aCCouNTaNTS