Universal positive pay database method, system, and computer useable medium

Abstract

A Universal Positive Pay Database (UPPD) method, system, and/or computer useable medium to reduce financial transaction fraud. A UPPD database is configured to store thereon transaction records associated with financial transactions corresponding to customers of the UPPD database. A particular financial transaction is initiated between a payer and a payee by providing parameters associated with the financial transaction to the UPPD database. An Issue File is provided to the UPPD database that includes parameters associated with the particular financial transaction. A correspondence determination is made between the financial transaction parameters from the Issue File and the financial transaction parameters provided to the UPPD database at every point along the financial transaction clearing process. The customer, payer, payee, payee bank, drawee bank, and banking institutions intermediate the payee bank and the drawee bank are able to access the correspondence determination at every point along the financial transaction clearing process.

I claim:  
     
         1 . A Universal Positive Pay Database (UPPD) method comprising: 
 providing a UPPD database configured to store thereon transaction records associated with financial transactions corresponding to customers of the UPPD database, each transaction record being configured to include parameters associated with a certain financial transaction;    initiating a particular financial transaction between a payer and a payee by providing parameters associated with the particular financial transaction to the UPPD database;    providing an Issue File to the UPPD database, the Issue File including parameters associated with the particular financial transaction, the particular financial transaction being associated with a drawee bank;    determining correspondence between the parameters associated with the particular financial transaction from the Issue File and the parameters associated with the particular financial transaction provided to the UPPD database to initiate the particular financial transaction at every point along a financial transaction clearing process; and    facilitating access to the correspondence determination by the customer, payer, payee, payee bank, drawee bank, and banking institutions intermediate the payee bank and the drawee bank at every point along a financial transaction clearing process.    
     
     
         2 . The UPPD method according to  claim 1 , further comprising the steps: 
 providing a computer useable medium; and    providing a computer device having a processor.    
     
     
         3 . The UPPD method according to  claim 1 , wherein the providing a computer device step further comprises: 
 configuring the computer device as a desktop computer, a laptop computer, a palmtop computer, a network computer, a personal digital assistant (PDA), an embedded device, or a smart phone.    
     
     
         4 . The UPPD method according to  claim 1 , wherein the providing a computer useable medium step further comprises: 
 configuring the computer useable medium as a non-volatile medium, a volatile medium, or an installation medium.    
     
     
         5 . The UPPD method according to  claim 1 , wherein the configuring the computer useable medium step further comprises: 
 configuring the computer useable medium as a magnetic medium, hard disk, a solid state disk, optical storage, Flash memory, electrically eraseable programmable read only memory (EEPROM), or a parameter random access memory (PRAM).    
     
     
         6 . The UPPD method according to  claim 1 , wherein the configuring the computer useable medium step further comprises: 
 configuring the computer useable medium as a dynamic RAM (DRAM), Direct Rambus® DRAM (DRDRAM), double-data rate DRAM (DDR DRAM), double-data rate synchronous DRAM (DDR SDRAM), enhanced DRAM (EDRAM), enhanced synchronous DRAM (ESDRAM), extended data out (EDO) DRAM, burst EDO (BEDO) DRAM, fast page mode DRAM (FPM DRAM), Rambus DRAM (RDRAM), SyncLink® DRAM (SLDRAM), synchronous RAM (SRAM), synchronous DRAM (SDRAM), synchronous graphic RAM (SGRAM), video RAM (VRAM), or a window RAM (WRAM).    
     
     
         7 . The UPPD method according to  claim 1 , wherein the configuring the computer useable medium step further comprises: 
 configuring the computer useable medium as a CD-ROM, a floppy disk, or a removable disk.    
     
     
         8 . The UPPD method according to  claim 1 , wherein the providing a UPPD database step further comprises providing a network system.  
     
     
         9 . The UPPD method according to  claim 1 , wherein the providing a network system step further comprises: 
 configuring the network system as a local area network (LAN), a wide area network (WAN), an intranet, an extranet, or the Internet.    
     
     
         10 . The UPPD method according to  claim 1 , wherein the providing a UPPD database step further configuring the UPPD database as a plurality of separate or disparate databases interconnected through the network system.  
     
     
         11 . The UPPD method according to  claim 1 , further comprising providing a transaction instrument configured to initiate a financial transaction between a payer and a payee.  
     
     
         12 . The UPPD method according to  claim 1 , wherein said providing a transaction instrument step further comprises providing a transaction instrument in the form of a paper/electronic check, a debit card, a debit check, a credit card, or a smartcard.  
     
     
         13 . The UPPD method according to  claim 1 , wherein said providing a transaction instrument step further comprises providing a transaction instrument in the form of a point of sale (POS) terminal, a point of presentment (POP) terminal, a point of escheat (POE) terminal, a point of data (POD) terminal, or an automated teller machine (ATM).  
     
     
         14 . The UPPD method according to  claim 1 , wherein said providing a transaction instrument step further comprises: 
 providing a transaction instrument in the form of a personal digital assistant (PDA), a telephone, a cellular telephone, a cordless telephone, a pager, a watch, a television, a radio, a compact disc (CD) player, a tape player, a copier, a facsimile machine.    
     
     
         15 . The UPPD method according to  claim 1 , further comprising: 
 providing a telephone; and    providing means for demodulating transaction records from a telephone carrier signal.    
     
     
         16 . The UPPD method according to  claim 1 , further comprising: 
 providing a telephone; and    providing a voice recognition device coupled to said telephone and said UPPD database.    
     
     
         17 . The UPPD method according to  claim 1 , further comprising: 
 providing plastic card financial instruments selected from a group consisting of credit cards, debit cards, stored value cards and smart cards.    
     
     
         18 . The UPPD method according to  claim 1 , further comprising: 
 providing an optical character recognition device.    
     
     
         19 . The UPPD method according to  claim 1 , further comprising: 
 providing a magnetic-ink character recognition device.    
     
     
         20 . The UPPD method according to  claim 1 , further comprising: 
 providing a digital technology recognition system.    
     
     
         21 . The UPPD method according to  claim 1 , further comprising: 
 providing a fingerprint recognition system.    
     
     
         22 . The UPPD method according to  claim 1 , further comprising: 
 providing an iris recognition system.    
     
     
         23 . The UPPD method according to  claim 1 , further comprising: 
 providing a recognition system based on DNA technology.    
     
     
         24 . The UPPD method according to  claim 1 , further comprising: 
 providing a matrix technology recognition system.    
     
     
         25 . The UPPD method according to  claim 1 , wherein said initiating a particular financial transaction step further comprises: 
 providing parameters associated with a check number, an issue date, a payee, a routing number, and an account number.    
     
     
         26 . The UPPD method according to  claim 1 , wherein said initiating a particular financial transaction step further comprises: 
 providing parameters associated with a payer name, a payee name, payer personal specifics, payee personal specifics, a transaction instrument, and an account number.    
     
     
         27 . The UPPD method according to  claim 1 , wherein said initiating a particular financial transaction step further comprises: 
 providing parameters associated with an account number.    
     
     
         28 . The UPPD method according to  claim 27 , wherein said providing parameters associated with an account number step further comprises: 
 providing a checking account number, a savings account nummber, a credit card account number, a money market account number, a liability account number, a bills/payable account number, an asset account number, an invoice/receivables account number, a cash account number, an insurance policy account number, an account number for a will, or an account number for a trust.    
     
     
         29 . The UPPD method according to  claim 1 , wherein said initiating a particular financial transaction step further comprises: 
 providing parameters associated with a personal identification number (PIN).    
     
     
         30 . The UPPD method according to  claim 1 , wherein said initiating a particular financial transaction step further comprises: 
 providing parameters associated with a digital signature.    
     
     
         31 . The UPPD method according to  claim 1 , wherein said initiating a particular financial transaction step further comprises: 
 providing parameters associated with biometric data.    
     
     
         32 . The UPPD method according to  claim 31 , wherein said providing parameters associated with biometric data step further comprises: 
 providing parameters associated with DeoxyriboNucleic Acid (DNA), facial structure, iris, retina, finger print, voice, or signature.    
     
     
         33 . The UPPD method according to  claim 1 , wherein said initiating a particular financial transaction step further comprises: 
 creating the Issue File based on an Automated Clearing House (ACH) based electronic check.    
     
     
         34 . The UPPD method according to  claim 1 , wherein said initiating a particular financial transaction step further comprises: 
 creating the Issue File based on an Electronic Funds Transfer (EFT) based electronic check.    
     
     
         35 . The UPPD method according to  claim 1 , wherein said initiating a particular financial transaction step further comprises: 
 creating the Issue File based on an Internet initiated payment.    
     
     
         36 . The UPPD method according to  claim 1 , wherein said initiating a particular financial transaction step further comprises: 
 creating the Issue File in accordance with the Check Truncation Act.    
     
     
         37 . The UPPD method according to claim. 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 processing incoming/outgoing data for the UPPD database in accordance with C HECK  21.    
     
     
         38 . The UPPD method according to  claim 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 searching and capturing check register information for abandoned property subject to escheat.    
     
     
         39 . The UPPD method according to  claim 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 automatically polling check register information for storage on said UPPD database.    
     
     
         40 . The UPPD method according to  claim 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 performing a reconciliation of transaction record parameter information.    
     
     
         41 . The UPPD method according to  claim 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 locating lost, stolen, misplaced items and items not presented and that remain outstanding.    
     
     
         42 . The UPPD method according to  claim 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 archiving and storing check register, matching data, verification data, and authentication data for a predetermined period of time.    
     
     
         43 . The UPPD method according to  claim 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 performing a debit stall and stalled debit procedure.    
     
     
         44 . The UPPD method according to  claim 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 making a financial transaction history compilation for a payer who executes financial transactions based upon transaction record parameters.    
     
     
         45 . The UPPD method according to  claim 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 compiling a behavior matrix for payers who execute financial transactions based upon financial records associated with the executed financial transactions.    
     
     
         46 . The UPPD method according to  claim 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 authenticating, authorizing, and clearing financial transactions executed by payers at a point of purchase, at a point of presentment, and at a point of encashment.    
     
     
         47 . The UPPD method according to  claim 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 enabling payers who execute financial transactions to view their transaction records associated with the executed financial transactions in real-time.    
     
     
         48 . The UPPD method according to  claim 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 transmitting a web-based form to said database via the Internet.    
     
     
         49 . The UPPD method according to claim l wherein said UPPD software further causes the processor to carry out steps comprising: 
 obtaining financial transaction issue data from a payer/payee regarding a particular financial transaction;    comparing the obtained financial transaction issue data with financial transaction issue data from a previously obtained data associated with the particular financial transaction;    identifying and sorting out exception items for the obtained financial transaction issue data that do not match with the financial transaction issue data from the previously data associated with the particular financial transaction;    making a  NO PAY/PAY  decision regarding the obtained financial transaction issue data;    notifying the payer/payee of the  NO PAY/PAY  decision that has been made regarding the obtained financial transaction issue data;    creating a payer/payee Issue File; and    uploading the Issue File to the UPPD database.    
     
     
         50 . The UPPD method according to  claim 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 processing financial transactions to carry out deletes, reversals, fraud filtering, stop pays, returns, or unauthorized financial transactions.    
     
     
         51 . The UPPD method according to  claim 50 , wherein said processing financial transactions step further comprises: 
 providing financial transactions as automated clearing house, electronic funds transfer, wire, or other money transfers.    
     
     
         52 . The UPPD method according to  claim 50 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 providing a UPPD viewable or hard copy statement for the payer/payee.    
     
     
         53 . The UPPD method according to  claim 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 processing financial transactions associated with payments from government, taxes, payer/payee, vendors, payroll, accounts payables, or direct deposits.    
     
     
         54 . The UPPD method according to  claim 53 , wherein said processing financial transactions step further comprises: 
 providing financial transactions as automated clearing house, electronic funds transfer, wire, or other money transfers.    
     
     
         55 . The UPPD method according to  claim 53 , wherein said processing financial transactions step further comprises: 
 providing a UPPD viewable or hard copy statement for the payer/payee.    
     
     
         56 . The UPPD method according to  claim 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 processing account reconciliation reporting for stop pays, reversed stop pays, voids, cancelled transactions, debit stalls, pay or not paid, returns, or preauthorization on specific transactions.    
     
     
         57 . The UPPD method according to  claim 56 , wherein said processing account reconciliation reporting step further comprises: 
 providing a UPPD viewable or hard copy statement for the payer/payee.    
     
     
         58 . The UPPD method according to  claim 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 creating an Issue File image report from archived/exchanged downloaded/uploaded images on exception items for determination on pay or no pays.    
     
     
         59 . The UPPD method according to  claim 58 , wherein said creating an Issue File image report step further comprises: 
 providing a UPPD viewable or hard copy statement for the payer/payee.    
     
     
         60 . The UPPD method according to  claim 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 creating an Issue File image report of an electronically converted check or official item.    
     
     
         61 . The UPPD method according to  claim 60 , wherein said creating an Issue File image report step further comprises: archiving the image report for substitute or replication by the UPPD system.  
     
     
         62 . The UPPD method according to  claim 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 processing enabled electronic bill pay or collections for accounts receivable, bill payment, lock box, and drop box.    
     
     
         63 . The UPPD method according to  claim 62 , wherein said processing enabled electronic bill pay step further comprises: 
 providing a UPPD viewable or hard copy statement for the payer/payee.    
     
     
         64 . The UPPD method according to  claim 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 receiving origination attributes associated with a transaction instrument; and    storing the received origination attributes in the UPPD database.    
     
     
         65 . The UPPD method according to  claim 64 , wherein said providing origination attributes step further comprises: 
 providing origination attributes including an origination entity, an origination location, an origination date, an origination time, security features, biometrics, origination personnel, or origination shipping date.    
     
     
         66 . The UPPD method according to  claim 1 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 enabling any transaction record for any financial transaction to be processed with the UPPD software.    
     
     
         67 . A Universal Positive Pay Database (UPPD) system comprising: 
 a computer useable medium; and    a computer device having a processor;    wherein said computer useable medium carries thereon UPPD software, which, when executed by the processor, causes the processor to carry out steps comprising:    providing a UPPD database configured to store thereon transaction records associated with financial transactions corresponding to customers of the UPPD database, each transaction record being configured to include parameters associated with a particular financial transaction;    initiating a particular financial transaction between a payer and a payee by providing parameters associated with the particular financial transaction to the UPPD database;    providing an Issue File to the UPPD database, the Issue File including parameters associated with the particular financial transaction, the particular financial transaction being associated with a drawee bank;    determining correspondence between the parameters associated with the particular financial transaction from the Issue File and the parameters associated with the particular financial transaction provided to the UPPD database to initiate the particular financial transaction at every point along a financial transaction clearing process; and    facilitating access to the correspondence determination by the customer, payer, payee, payee bank, drawee bank, and banking institutions intermediate the payee bank and the drawee bank at every point along a financial transaction clearing process.    
     
     
         68 . The UPPD system according to  claim 67 , wherein said computer device is a desktop computer, a laptop computer, a palmtop computer, a network computer, a personal digital assistant (PDA), an embedded device, or a smart phone.  
     
     
         69 . The UPPD system according to  claim 67 , wherein said computer useable medium is a non-volatile medium, a volatile medium, or an installation medium.  
     
     
         70 . The UPPD system according to  claim 69 , wherein said computer useable medium is a magnetic medium, hard disk, a solid state disk, optical storage, Flash memory, electrically eraseable programmable read only memory (EEPROM), or a parameter random access memory (PRAM).  
     
     
         71 . The UPPD system according to  claim 69 , wherein said computer useable medium is a dynamic RAM (DRAM), Direct Rambus® DRAM (DRDRAM), double-data rate DRAM (DDR DRAM), double-data rate synchronous DRAM (DDR SDRAM), enhanced DRAM (EDRAM), enhanced synchronous DRAM (ESDRAM), extended data out (EDO) DRAM, burst EDO (BEDO) DRAM, fast page mode DRAM (FPM DRAM), Rambus DRAM (RDRAM), SyncLink® DRAM (SLDRAM), synchronous RAM (SRAM), synchronous DRAM (SDRAM), synchronous graphic RAM (SGRAM), video RAM (VRAM), or a window RAM (WRAM).  
     
     
         72 . The UPPD system according to  claim 69 , wherein said computer useable medium is a CD-ROM, a floppy disk, or a removable disk.  
     
     
         73 . The UPPD system according to  claim 67 , further comprising a network system.  
     
     
         74 . The UPPD system according to  claim 73 , wherein said network system is a local area network (LAN), a wide area network (WAN); an intranet, an extranet, or the Internet.  
     
     
         75 . The UPPD system according to  claim 67 , wherein said UPPD database is configured as a plurality of separate or disparate databases interconnected through the network system.  
     
     
         76 . The UPPD system according to  claim 67 , further comprising a transaction instrument configured to initiate a financial transaction between a payer and a payee.  
     
     
         77 . The UPPD system according to  claim 76 , wherein said transaction instrument includes a paper/electronic check, a debit card, a debit check, a credit card, or a smartcard.  
     
     
         78 . The UPPD system according to  claim 76 , wherein said transaction instrument includes a point of sale (POS) terminal, a point of presentment (POP) terminal, a point of escheat (POE) terminal, a point of data (POD) terminal, or an automated teller machine (ATM).  
     
     
         79 . The UPPD system according to  claim 76 , wherein said transaction instrument includes a personal digital assistant (PDA), a telephone, a cellular telephone, a cordless telephone, a pager, a watch, a television, a radio, a compact disc (CD) player, a tape player, a copier, a facsimile machine.  
     
     
         80 . The UPPD system according to  claim 67 , further comprising: 
 (a) a telephone; and    (b) means for demodulating transaction records from a telephone carrier signal.    
     
     
         81 . The UPPD system according to  claim 67 , further comprising: 
 (a) a telephone; and    (b) a voice recognition device coupled to said telephone and said UPPD database.    
     
     
         82 . The UPPD system according to  claim 67 , further comprising: 
 plastic card financial instruments selected from a group consisting of credit cards, debit cards, stored value cards and smart cards.    
     
     
         83 . The UPPD system according to  claim 67 , further comprising: 
 an optical character recognition device.    
     
     
         84 . The UPPD system according to  claim 67 , further comprising: 
 a magnetic-ink character recognition device.    
     
     
         85 . The UPPD system according to  claim 67 , further comprising: 
 a digital technology recognition system.    
     
     
         86 . The UPPD system according to  claim 67 , further comprising: 
 a fingerprint recognition system.    
     
     
         87 . The UPPD system according to  claim 67 , further comprising: 
 an iris recognition system.    
     
     
         88 . The UPPD system according to  claim 67 , further comprising: 
 a recognition system based on DNA technology.    
     
     
         89 . The UPPD system according to  claim 67 , further comprising: 
 a matrix technology recognition system.    
     
     
         90 . The UPPD system according to  claim 67 , wherein said initiating a particular financial transaction step further comprises: 
 providing parameters associated with a check number, an issue date, a payee, a routing number, and an account number.    
     
     
         91 . The UPPD system according to  claim 67 , wherein said initiating a particular financial transaction step further comprises: 
 providing parameters associated with a payer name, a payee name, payer personal specifics, payee personal specifics, a transaction instrument, and an account number.    
     
     
         92 . The UPPD system according to  claim 67 , wherein said initiating a particular financial transaction step further comprises: 
 providing parameters associated with an account number.    
     
     
         93 . The UPPD system according to  claim 67 , wherein said providing parameters associated with an account number step further comprises: 
 providing a checking account number, a savings account nummber, a credit card account number, a money market account number, a liability account number, a bills/payable account number, an asset account number, an invoice/receivables account number, a cash account number, an insurance policy account number, an account number for a will, or an account number for a trust.    
     
     
         94 . The UPPD system according to  claim 67 , wherein said initiating a particular financial transaction step further comprises: 
 providing parameters associated with a personal identification number (PIN).    
     
     
         95 . The UPPD system according to  claim 67 , wherein said initiating a particular financial transaction step further comprises: 
 providing parameters associated with a digital signature.    
     
     
         96 . The UPPD system according to  claim 67 , wherein said initiating a particular financial transaction step further comprises: 
 providing parameters associated with biometric data.    
     
     
         97 . The UPPD system according to  claim 96 , wherein said providing parameters associated with biometric data step further comprises: 
 providing parameters associated with DeoxyriboNucleic Acid (DNA), facial structure, iris, retina, finger print, voice, or signature.    
     
     
         98 . The UPPD system according to  claim 67 , wherein said initiating a particular financial transaction step further comprises: 
 creating the Issue File based on an Automated Clearing House (ACH) based electronic check.    
     
     
         99 . The UPPD system according to  claim 67 , wherein said initiating a particular financial transaction step further comprises: 
 creating the Issue File based on an Electronic Funds Transfer (EFT) based electronic check.    
     
     
         100 . The UPPD system according to  claim 67 , wherein said initiating a particular financial transaction step further comprises: 
 creating the Issue File based on an Internet initiated payment.    
     
     
         101 . The UPPD system according to  claim 67 , wherein said initiating a particular financial transaction step further comprises: 
 creating the Issue File in accordance with the Check Truncation Act.    
     
     
         102 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 processing incoming/outgoing data for the UPPD database in accordance with C HECK  21.    
     
     
         103 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 searching and capturing check register information for abandoned property subject to escheat.    
     
     
         104 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 automatically polling check register information for storage on said UPPD database.    
     
     
         105 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 performing a reconciliation of transaction record parameter information.    
     
     
         106 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 locating lost, stolen, misplaced items and items not presented and that remain outstanding.    
     
     
         107 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 archiving and storing check register, matching data, verification data, and authentication data for a predetermined period of time.    
     
     
         108 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 performing a debit stall and stalled debit procedure.    
     
     
         109 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 making a financial transaction history compilation for a payer who executes financial transactions based upon transaction record parameters.    
     
     
         110 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 compiling a behavior matrix for payers who execute financial transactions based upon financial records associated with the executed financial transactions.    
     
     
         111 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 authenticating, authorizing, and clearing financial transactions executed by payers at a point of purchase, at a point of presentment, and at a point of encashment.    
     
     
         112 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 enabling payers who execute financial transactions to view their transaction records associated with the executed financial transactions in real-time.    
     
     
         113 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 transmitting a web-based form to said database via the Internet.    
     
     
         114 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 obtaining financial transaction issue data from a payer/payee regarding a particular financial transaction;    comparing the obtained financial transaction issue data with financial transaction issue data from a previously obtained data associated with the particular financial transaction;    identifying and sorting out exception items for the obtained financial transaction issue data that do not match with the financial transaction issue data from the previously data associated with the particular financial transaction;    making a  NO PAY/PAY  decision regarding the obtained financial transaction issue data;    notifying the payer/payee of the  NO PAY/PAY  decision that has been made regarding the obtained financial transaction issue data;    creating a payer/payee Issue File; and    uploading the Issue File to the UPPD database.    
     
     
         115 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 processing financial transactions to carry out deletes, reversals, fraud filtering, stop pays, returns, or unauthorized financial transactions.    
     
     
         116 . The UPPD system according to  claim 115 , wherein said processing financial transactions step further comprises: 
 providing financial transactions as automated clearing house, electronic funds transfer, wire, or other money transfers.    
     
     
         117 . The UPPD system according to  claim 115 , wherein said processing financial transactions step further comprises: 
 providing a UPPD viewable or hard copy statement for the payer/payee.    
     
     
         118 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 processing financial transactions associated with payments from government, taxes, payer/payee, vendors, payroll, accounts payables, or direct deposits.    
     
     
         119 . The UPPD system according to  claim 118 , wherein said processing financial transactions step further comprises: 
 providing financial transactions as automated clearing house, electronic funds transfer, wire, or other money transfers.    
     
     
         120 . The UPPD system according to  claim 118 , wherein said processing financial transactions step further comprises: 
 providing a UPPD viewable or hard copy statement for the payer/payee.    
     
     
         121 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 processing account reconciliation reporting for stop pays, reversed stop pays, voids, cancelled transactions, debit stalls, pay or not paid, returns, or preauthorization on specific transactions.    
     
     
         122 . The UPPD system according to  claim 121 , wherein said processing account reconciliation reporting step further comprises: 
 providing a UPPD viewable or hard copy statement for the payee/payer.    
     
     
         123 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 creating an Issue File image report from archived/exchanged downloaded/uploaded images on exception items for determination on pay or no pays.    
     
     
         124 . The UPPD system according to  claim 123 , wherein said creating an Issue File image report step further comprises: 
 providing a UPPD viewable or hard copy statement for the payee/payer.    
     
     
         125 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 creating an Issue File image report of an electronically converted check or official item.    
     
     
         126 . The UPPD system according to  claim 125 , wherein said creating an Issue File image report step further comprises: 
 archiving the image report for substitute or replication by the UPPD system.    
     
     
         127 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 processing enabled electronic bill pay or collections for accounts receivable, bill payment, lock box, and drop box.    
     
     
         128 . The UPPD system according to  claim 127 , wherein said processing enabled electronic bill pay step further comprises: 
 providing a UPPD viewable or hard copy statement for the payer/payee.    
     
     
         129 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 receiving origination attributes associated with a transaction instrument to the UPPD database; and    storing the received origination attributes in the UPPD database.    
     
     
         130 . The UPPD method according to  claim 67 , wherein said providing origination attributes step further comprises: 
 providing origination attributes including an origination entity, an origination location, an origination date, an origination time, security features, biometrics, origination personnel, or origination shipping date.    
     
     
         131 . The UPPD system according to  claim 67 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 enabling any transaction record for any financial transaction to be processed with the UPPD software.    
     
     
         132 . A computer useable medium carrying Universal Positive Pay Database (UPPD) software which, when executed by a processor, causes the processor to carry out steps comprising: 
 providing a UPPD database configured to store thereon transaction records associated with financial transactions corresponding to customers of the UPPD database, each transaction record being configured to include parameters associated with a particular financial transaction;    initiating a particular financial transaction between a payer and a payee by a customer of the UPPD database by providing parameters associated with the particular financial transaction to the UPPD database;    providing an Issue File to the UPPD database, the Issue File including parameters associated with the particular financial transaction, the particular financial transaction being associated with a drawee bank;    determining correspondence between the parameters associated with the particular financial transaction from the Issue File and the parameters associated with the particular financial transaction provided to the UPPD database to initiate the particular financial transaction at every point along a financial transaction clearing process; and    facilitating access to the correspondence determination by the customer, payer, payee, payee bank, drawee bank, and banking institutions intermediate the payee bank and the drawee bank at every point along a financial transaction clearing process.    
     
     
         133 . The computer useable medium according to  claim 132 , in combination with a computer device having a processor.  
     
     
         134 . The combination according to  claim 132 , wherein said computer device is a desktop computer, a laptop computer, a palmtop computer, a network computer, a personal digital assistant (PDA), an embedded device, or a smart phone.  
     
     
         135 . The computer useable medium according to  claim 132 , wherein said computer useable medium is a non-volatile medium, a volatile medium, or an installation medium.  
     
     
         136 . The computer useable medium according to  claim 135 , wherein said computer useable medium is a magnetic medium, hard disk, a solid state disk, optical storage, Flash memory, electrically eraseable programmable read only memory (EEPROM), or a parameter random access memory (PRAM).  
     
     
         137 . The computer useable medium according to  claim 135 , wherein said computer useable medium is a dynamic RAM (DRAM), Direct Rambus® DRAM (DRDRAM), double-data rate DRAM (DDR DRAM), double-data rate synchronous DRAM (DDR SDRAM), enhanced DRAM (EDRAM), enhanced synchronous DRAM (ESDRAM), extended data out (EDO) DRAM, burst EDO (BEDO) DRAM, fast page mode DRAM (FPM DRAM), Rambus DRAM (RDRAM), SyncLink® DRAM (SLDRAM), synchronous RAM (SRAM), synchronous DRAM (SDRAM), synchronous graphic RAM (SGRAM), video RAM (VRAM), or a window RAM (WRAM).  
     
     
         138 . The computer useable medium according to  claim 135 , wherein said computer useable medium is a CD-ROM, a floppy disk, or a removable disk.  
     
     
         139 . The computer useable medium according to  claim 132 , in combination with a network system.  
     
     
         140 . The combination according to  claim 139 , wherein said network system is a local area network (LAN), a wide area network (WAN), an intranet, an extranet, or the Internet.  
     
     
         141 . The combination according to  claim 132 , wherein said UPPD database is configured as a plurality of separate or disparate databases interconnected through the network system.  
     
     
         142 . The computer useable medium to  claim 132 , in combination with a transaction instrument configured to initiate a financial transaction between a payer and a payee.  
     
     
         143 . The combination according to  claim 142 , wherein said transaction instrument includes a paper/electronic check, a debit card, a debit check, a credit card, or a smartcard.  
     
     
         144 . The combination according to  claim 142 , wherein said transaction instrument includes a point of sale (POS) terminal, a point of presentment (POP) terminal, a point of escheat (POE) terminal, a point of data (POD) terminal, or an automated teller machine (ATM).  
     
     
         145 . The combination according to  claim 142 , wherein said transaction instrument includes a personal digital assistant (PDA), a telephone, a cellular telephone, a cordless telephone, a pager, a watch, a television, a radio, a compact disc (CD) player, a tape player, a copier, a facsimile machine.  
     
     
         146 . The computer useable medium according to  claim 132 , in combination with: 
 (a) a telephone; and    (b) means for demodulating transaction records from a telephone carrier signal.    
     
     
         147 . The computer useable medium according to  claim 132 , in combination with: 
 (a) a telephone; and    (b) a voice recognition device coupled to said telephone and said UPPD database.    
     
     
         148 . The computer useable medium according to  claim 132  in combination with: 
 plastic card financial instruments selected from a group consisting of credit cards, debit cards, stored value cards and smart cards.  
 
     
     
         149 . The computer useable medium according to  claim 132 , in combination with: 
 an optical character recognition device.    
     
     
         150 . The computer useable medium according to  claim 132 , in combination with: 
 a magnetic-ink character recognition device.    
     
     
         151 . The computer useable medium according to  claim 132 , in combination with: 
 a digital technology recognition system.    
     
     
         152 . The computer useable medium according to  claim 132 , in combination with: 
 a fingerprint recognition system.    
     
     
         153 . The computer useable medium according to  claim 132 , in combination with: 
 an iris recognition system.    
     
     
         154 . The computer useable medium according to  claim 132 , in combination with: 
 a recognition system based on DNA technology.    
     
     
         155 . The computer useable medium according to  claim 132 , in combination with: 
 a matrix technology recognition system.    
     
     
         156 . The computer useable medium according to  claim 132 , wherein said initiating a particular financial transaction step further comprises: 
 providing parameters associated with a check number, an issue date, a payee, a routing number, and an account number.    
     
     
         157 . The computer useable medium according to  claim 132 , wherein said initiating a particular financial transaction step further comprises: 
 providing parameters associated with a payer name, a payee name, payer personal specifics, payee personal specifics, a transaction instrument, and an account number.    
     
     
         158 . The computer useable medium according to  claim 132 , wherein said initiating a particular financial transaction step further comprises: 
 providing parameters associated with an account number.    
     
     
         159 . The computer useable medium according to  claim 152 , wherein said providing parameters associated with an account number step further comprises: 
 providing a checking account number, a savings account number, a credit card account number, a money market account number, a liability account number, a bills/payable account number, an asset account number, an invoice/receivables account number, a cash account number, an insurance policy account number, an account number for a will, or an account number for a trust.    
     
     
         160 . The computer useable medium according to  claim 132 , wherein said initiating a particular financial transaction step further comprises: 
 providing parameters associated with a personal identification number (PIN).    
     
     
         161 . The computer useable medium according to  claim 132 , wherein said initiating a particular financial transaction step further comprises: 
 providing parameters associated with a digital signature.    
     
     
         162 . The computer useable medium according to  claim 132 , wherein said initiating a particular financial transaction step further comprises: 
 providing parameters associated with biometric data.    
     
     
         163 . The computer useable medium according to  claim 162 , wherein said providing parameters associated with biometric data step further comprises: 
 providing parameters associated with DeoxyriboNucleic Acid (DNA), facial structure, iris, retina, finger print, voice, or signature.    
     
     
         164 . The computer useable medium according to  claim 132 , wherein said initiating a particular financial transaction step further comprises: 
 creating the Issue File based on an Automated Clearing House (ACH) based electronic check.    
     
     
         165 . The computer useable medium according to  claim 132 , wherein said initiating a particular financial transaction step further comprises: 
 creating the Issue File based on an Electronic Funds Transfer (EFT) based electronic check.    
     
     
         166 . The computer useable medium according to  claim 132 , wherein said initiating a particular financial transaction step further comprises: 
 creating the Issue File based on an Internet initiated payment.    
     
     
         167 . The computer useable medium according to  claim 132 , wherein said initiating a particular financial transaction step further comprises: 
 creating the Issue File in accordance with the Check Truncation Act.    
     
     
         168 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 processing incoming/outgoing data for the UPPD database in accordance with C HECK  21.    
     
     
         169 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 searching and capturing check register information for abandoned property subject to escheat.    
     
     
         170 . The computer useable medium according, to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 automatically polling check register information for storage on said UPPD database.    
     
     
         171 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 performing a reconciliation of transaction record parameter information.    
     
     
         172 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 locating lost, stolen, misplaced items and items not presented and that remain outstanding.    
     
     
         173 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 archiving and storing check register, matching data, verification data, and authentication data for a predetermined period of time.    
     
     
         174 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 performing a debit stall and stalled debit procedure.    
     
     
         175 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 making a financial transaction history compilation for a payer who executes financial transactions based upon transaction record parameters.    
     
     
         176 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 compiling a behavior matrix for payers who execute financial transactions based upon financial records associated with the executed financial transactions.    
     
     
         177 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 authenticating, authorizing, and clearing financial transactions executed by payers at a point of purchase, at a point of presentment, and at a point of encashment.    
     
     
         178 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 enabling payers who execute financial transactions to view their transaction records associated with the executed financial transactions in real-time.    
     
     
         179 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 transmitting a web-based form to said database via the Internet.    
     
     
         180 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 obtaining financial transaction issue data from a payer/payee regarding a particular financial transaction;    comparing the obtained financial transaction issue data with financial transaction issue data from a previously obtained data associated with the particular financial transaction;    identifying and sorting out exception items for the obtained financial transaction issue data that do not match with the financial transaction issue data from the previously data associated with the particular financial transaction;    making a  NO PAY/PAY  decision regarding the obtained financial transaction issue data;    notifying the payer/payee of the  NO PAY/PAY  decision that has been made regarding the obtained financial transaction issue data;    creating a payer/payee Issue File; and    uploading the Issue File to the UPPD database.    
     
     
         181 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 processing financial transactions to carry out deletes, reversals, fraud filtering, stop pays, returns, or unauthorized financial transactions.    
     
     
         182 . The computer useable medium according to  claim 181 , wherein said processing financial transactions step further comprises: 
 providing financial transactions as automated clearing house, electronic funds transfer, wire, or other money transfers.    
     
     
         183 . The computer useable medium according to  claim 181 , wherein said processing financial transactions step further comprises: 
 providing a UPPD viewable or hard copy statement for the payer/payee.    
     
     
         184 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 processing financial transactions associated with payments from government, taxes, payer/payee, vendors, payroll, accounts payables, or direct deposits.    
     
     
         185 . The computer useable medium according to  claim 184 , wherein said processing financial transactions step further comprises: 
 providing financial transactions as automated clearing house, electronic funds transfer, wire, or other money transfers.    
     
     
         186 . The computer useable medium according to  claim 184 , wherein said processing financial transactions step further comprises: 
 providing a UPPD viewable or hard copy statement for the payer/payee.    
     
     
         187 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 processing account reconciliation reporting for stop pays, reversed stop pays, voids, cancelled transactions, debit stalls, pay or not paid, returns, or preauthorization on specific transactions.    
     
     
         188 . The computer useable medium according to  claim 187 , wherein said processing account reconciliation reporting step further comprises: 
 providing a UPPD viewable or hard copy statement for the payer/payee.    
     
     
         189 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 creating an Issue File image report from archived/exchanged downloaded/uploaded images on exception items for determination on pay or no pays.    
     
     
         190 . The computer useable medium according to  claim 189 , wherein said creating an Issue File image report step further comprises: 
 providing a UPPD viewable or hard copy statement for the payer/payee.    
     
     
         191 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 creating an Issue File image report of an electronically converted check or official item.    
     
     
         192 . The computer useable medium according to  claim 191 , wherein said creating an Issue File image report step further comprises: 
 archiving the image report for substitute or replication by the UPPD system.    
     
     
         193 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 processing enabled electronic bill pay or collections for accounts receivable, bill payment, lock box, and drop box.    
     
     
         194 . The computer useable medium according to  claim 193 , wherein said processing enabled electronic bill pay step further comprises: 
 providing a UPPD viewable or hard copy statement for the payer/payee.    
     
     
         195 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 processing enabled electronic bill pay or collections for accounts receivable, bill payment, lock box, and drop box.    
     
     
         196 . The computer useable medium according to  claim 195 , wherein said processing enabled electronic bill pay step further comprises: 
 providing a UPPD viewable or hard copy statement for the payer/payee.    
     
     
         197 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 receiving origination attributes associated with a transaction instrument to the UPPD database; and    storing the received origination attributes in the UPPD database.    
     
     
         198 . The computer useable medium according to  claim 132 , wherein said providing origination attributes step further comprises: 
 providing origination attributes including an origination entity, an origination location, an origination date, an origination time, security features, biometrics, origination personnel, or origination shipping date.    
     
     
         199 . The computer useable medium according to  claim 132 , wherein said UPPD software further causes the processor to carry out steps comprising: 
 enabling any transaction record for any financial transaction to be processed with the UPPD software.