System and method for detecting ATM fraud via weighing notes

US10943424B1 · kind B1 · utility

Assignee

• CAPITAL ONE SERVICES, LLC · US

Inventors

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

Key dates

• Filing date: Dec 11, 2019
• Grant date: Mar 9, 2021
• Expiry date: Dec 11, 2039

Classification

• Technology area (CPC G): Physics
• CPC primary: G07D2207/00
• 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 weight sensor in the ATM to weigh currency notes. ATM fraud detection may be obtained by using a weight sensor to weigh any currency notes that remain after being dispensed to a user, and determining if the weight is correct for the amount of currency notes dispensed. A weight discrepancy resulting from removal of some but not all dispensed currency notes may indicate attempted theft or fraud.