In addition to the check imaging concept, which has existed in various forms for thirty years, he wants to claim ownership of point-of-sale credit card collection processing, which has been around for even longer.
It is arrogant jackasses like this that make banking fees higher for merchants and customers. He hasn't invented anything. He is claiming rights to fees on processes that existed before he was even born. Even more outrageous is that the patent office is abetting this fraud.
Maybe I could patent the letter 'e'.