Immediate recognition of financial transactions

US8032415B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• William Thomas Sanders · Denver, US
• Daniel Christopher Bohen · Charlotte, US
• Shane Anthony Johnson · Charlotte, US
• Veralyn Dee Hensley · Folsom, US
• Amy Baker Folk · Charlotte, US

Key dates

• Filing date: Sep 30, 2008
• Grant date: Oct 4, 2011
• Expiry date: May 10, 2029

Classification

• Technology area (CPC G): Physics
• CPC primary: G07F19/211
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Immediate recognition of deposits and other transactions may be provided by a financial institution for transactions conducted at a remote location. The financial institution may receive transaction data from a device at the remote location and immediately acknowledge the transaction and provide a non-provisional credit to an entity's account. The device may include various currency handling devices such as automatic teller machines (ATM), self-payment kiosks, cash registers and the like. A financial institution may further provide a real-time cash position of an entity across multiple currency handling devices of the entity.