System and method for detecting ATM fraud via counting notes

US10796537B1 · kind B1 · utility

Assignee

• CAPITAL ONE SERVICES, LLC · US

Inventors

• Reza Farivar · Champaign, US
• Kate Key · Effingham, US
• Anh Truong · Champaign, US
• Mark Watson · Philadelphia, US
• Vincent Pham · Champaign, US
• Fardin Abdi Taghi Abad · Champaign, US
• Austin Walters · McLean, US
• Jeremy Goodsitt · Champaign, US

Key dates

• Filing date: Nov 19, 2019
• Grant date: Oct 6, 2020
• Expiry date: Nov 19, 2039

Classification

• Technology area (CPC G): Physics
• CPC primary: G07F19/209
• WIPO field: Control
• WIPO sector: Instruments

Abstract

Systems and methods for ATM fraud detection are presented. ATM fraud detection may be provided in the context of including a currency sensor in the ATM to count currency notes. ATM fraud detection may be obtained by using a currency sensor, such as a scanner, to image and count any currency notes that remain after being dispensed to a user, and determining if the count is correct for the currency notes dispensed. A count discrepancy resulting from removal of some but not all dispensed currency notes would indicate attempted theft or fraud.