System and method of distributing currency

US8201680B1 · kind B1 · utility

Assignee

• Bank of America Corporation · US

Inventors

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

Key dates

• Filing date: Sep 30, 2008
• Grant date: Jun 19, 2012
• Expiry date: Jun 2, 2029

Classification

• Technology area (CPC G): Physics
• CPC primary: G07D11/14
• WIPO field: Control
• WIPO sector: Instruments

Abstract

A cash recycler or other currency handling device includes a system and method for distributing currency to one or more cash drawers for use in a cash register or other point of sale device. A user may pre-configure an amount of currency to be distributed to one or more cash drawers or tills. The cash recycler may include one or more slots into which the one or more cash drawers or tills may be inserted. The preconfigured amount of currency will then be distributed to each of the tills inserted into the cash recycler. In some arrangements, multiple cash drawers may be inserted into the cash recycler and currency will be distributed to each of the cash drawers simultaneously.