The present invention provides a digitally originated check (DOC) through
an electronic payment system (EPS) which captures payor metadata
instructions regarding the intended payment to a payee. The metadata is
stored in a database or the like for further processing instead of
printing a paper check. The DOC can be cleared either electronically or
through a paper substitute check through Check 21 clearing methods. The
present invention further provides a true check card operable to provide
DOCs at point-of-sale terminals.