BACKGROUND OF THE INVENTION

Field of the Invention

The present invention generally relates to a system for verifying documents using mixed reality applications and more particularly relates to a system for verifying documents using a multi-step authentication process in a mixed reality environment.

Description of Related Art

Both electronic and manual document checking can be effective mechanisms for verifying the identity of customers. However, manual document checking usually involves considerable costs both in terms of human resources and physical storage of information.

Various software is available in the market that has been developed and provides a fully automated document checking facility that allows a paper document (e.g. a passport) to be placed in a scanner and be automatically checked against the standard features expected.

The checking process includes an ultraviolet light check, an infra-red light check, a read of the chip embedded in the passport, an electronic “visual” check, and a machine-readable data check, a total of 55 different checks are carried out within a few seconds and an automated decision is provided immediately.

Increasingly, business entities are replacing the exchange of negotiable documents in paper form with the exchange of images of those documents and the delivery of a document image itself constitutes an event that triggers a value exchange. For instance, banks in the United States have allowed image exchange for checks. In a check image exchange, the receipt of an image of a check drawn from an account at a bank causes the amount of value identified in the check to be debited from the account.

An important topic in the exchange of any negotiable document is how to make sure that all participants in the exchange are able to determine the validity of the negotiable document. A valid negotiable document requires that all of the information required for negotiability is present and readable, the document itself is not a counterfeit and is not forged or altered.

Further, due to Covid, each professional is hesitant to touch documents. Therefore, there is a need for a system for verifying documents using a multi-step authentication process in a mixed reality environment. Further, the system should enable the verification of the document with minimum contact with the documents.

SUMMARY OF THE INVENTION

In accordance with the teachings of the present invention, a system for authenticating checks using a mixed reality environment is described. The system is made up of a financial instrumentation central database for storing financial and identification data related to the checks, and reality glasses coupled to the financial instrumentation central database The reality glass are made up of a memory unit for storing a plurality of modules, a camera to capture an image of the check, a reality display, and a wearable processor coupled to the memory unit for processing the stored plurality of modules. The wearable processor is coupled to the financial instrumentation central database, and the wearable processor coupled to the camera to process captured images of the check. The reality display is coupled to the camera to overlay the check image. The reality display is coupled to the wearable processor to overlay the processed plurality of modules onto a field of view of a user. The plurality of modules is made up of a first level authentication module to authenticate a bank routing number on the check captured by the camera with the bank routing number stored in the financial instrumentation central database; a second level authentication module to authenticate an account number on the check captured by the camera with the account number stored in the financial instrumentation central database; a third level authentication module to authenticate an appropriate amount on the check, and a fourth level authentication module to authenticate a signature style on the check captured by the camera with the signature style stored in the financial instrumentation central database.

The plurality of modules could further include a fifth level authentication module to verify the personal information of a payor on the check captured by the camera with the personal information of the payor stored in the financial instrumentation central database. In some embodiments, the plurality of modules further includes a sixth level authentication module to verify the bank contact information of a payor on the check captured by the camera with the bank contact information of the payor stored in the financial instrumentation central database. The plurality of modules could further include a seventh level authentication module to verify payee information on the check captured by the camera with the payee information stored in the financial instrumentation central database. The plurality of modules may further include an eighth level authentication module to verify amount in digits matches with the amount in words on the check. In some embodiments, the plurality of modules includes a ninth level authentication module to verify details provided in a memo line. The plurality of modules could further include a tenth level authentication module to verify a date on the check captured by the camera. The plurality of modules may further include an eleventh level authentication module to check the number on the check captured by the camera with the check number stored in the financial instrumentation central database. The plurality of modules may further include an effectuate payment module for automatically effectuating payment on authenticating the check. In some embodiments, the plurality of modules could further include a twelfth level authentication module to biometrically authenticate fingerprints of a payor and a payee of the check by comparing with biometric data stored in the financial instrumentation central database. In still another embodiment, the plurality of modules may further include a thirteenth level authentication module to authenticate micro-printing on the check. The plurality of modules could further include a fourteenth level authentication module to match personal details of a payee with details on the invoice, wherein the reality display displays a list of invoices and a user applies the check to a relevant invoice. The plurality of modules could include any one or more of the levels listed in this paragraph.

A non-transitory computer-readable storage medium is described herein. The storage medium is made up of instructions for authenticating checks using a mixed reality environment and a financial instrumentation central database on a graphical user interface (GUI) of a reality display, which instructions, when executed by a wearable processor, become operational to perform a method. The method includes (1) storing a plurality of modules in a memory unit, (2) capturing an image of the check-in a camera, (3) processing the stored plurality of modules using the wearable processor, wherein the wearable processor coupled to the financial instrumentation central database and to the camera to process captured images of the check, and (4) overlaying the check image and the processed plurality of modules onto a field of view of the user on the reality display. The plurality of modules is made up of a first level authentication module to authenticate a bank routing number on the check captured by the camera with the bank routing number stored in the financial instrumentation central database, a second level authentication module to authenticate an account number on the check captured by the camera with the account number stored in the financial instrumentation central database, a third level authentication module to authenticate an appropriate amount on the check, and a fourth level authentication module to authenticate a signature style on the check captured by the camera with the signature style stored in the financial instrumentation central database.

While a number of features are described herein with respect to embodiments of the inventions; features described with respect to a given embodiment also may be employed in connection with other embodiments. The following description and the annexed drawings set forth certain illustrative embodiments of the inventions. These embodiments are indicative, however, of but a few of the various ways in which the principles of the inventions may be employed. Other objects, advantages, and novel features according to aspects of the inventions will become apparent from the following detailed description when considered in conjunction with the drawings.

