Systems and methods for distribution of cash
US8657187B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Jul 15, 2008 |
| Grant date | Feb 25, 2014 |
| Priority date | — |
| Expiry date | Jan 14, 2031 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/02
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The invention provides systems and methods for transferring cash to and from branch banks. The method may include the steps of inputting first data relating to cash usage at a plurality of branch banks; inputting second data relating to cash usage at the particular branch bank, the second data including a known ending balance at the particular branch bank; and assimilating the first data and the second data to constitute forecasting data; and performing forecast processing to determine an amount of cash to be transferred to or from the branch bank. The forecast processing may include (1) forecasting a cash in amount and forecasting a cash out amount based on the forecasting data, and generating a projected ending balance based on the forecasted cash in amount, the forecasted cash out amount, and the known ending balance; (2) generating a forecasted ending balance; and (3) comparing the projected ending balance with the forecasted ending balance to determine a cash shipment amount. The method may also include generating a cash transfer request based on the cash shipment amount; and effecting a transfer of cash with the branch bank based on the cash transfer request.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.