Automatic funds processing system
US5982918A · kind A · utility
Assignee
Inventors
Key dates
| Filing date | May 13, 1996 |
| Grant date | Nov 9, 1999 |
| Priority date | — |
| Expiry date | May 13, 2016 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F19/20
- WIPO fieldControl
- WIPO sectorInstruments
Abstract
A funds processing system receives, dispenses, and sorts currency and substantially immediately furnishes an associated accounting system with data, including the value of the currency processed, in a single transaction. The system determines the denomination of the received currency, sorts the received currency, generates electrical signals representing the amount of received currency in each denomination in each batch of currency received, has a memory for receiving data representing the amount of each denomination of currency received. The system also contains a controller for transferring data from the memory to the associated cash accounting system so that deposits and withdrawals executed at the funds processing system are entered in the accounting system substantially immediately after the execution of the deposits and withdrawals. The system dispenses currency based upon the amount of received currency and the amount deposited into the accounting system.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.