Extension of credit for monetary items still in transport
US8571948B1 · kind B1 · utility
18Cited by
52References
20Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Oct 31, 2008 |
| Grant date | Oct 29, 2013 |
| Priority date | — |
| Expiry date | Feb 16, 2029 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG08B13/2402
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Providing earlier funds availability or a line of credit for a deposit or other monetary package reported to be in a cash supply chain. Later, when the deposit physically arrives at a bank vault, then the actual amount of the deposit is reconciled against the accelerated funds or line of credit previously made available. The amount of accelerated funds or line of credit made available may be based upon the amount scheduled to be deposited, as well as a risk score for the customer making the deposit and/or for the transaction being made.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.