Banking systems controlled by data bearing records

• US 10,275,997 B2
• Filed: 05/03/2018
• Issued: 04/30/2019
• Est. Priority Date: 04/15/2016
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Brancaccio, Joan C.
• Primary Examiner(s): Vo, Tuyen K
• Application Number:
  US15/969,915
• Publication Number:
  US 20180247494A1
• Time in Patent Office: 362 Days
• Field of Search: 235379
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G07F 19/00 Complete banking systems; Coded card-freed arrangements adapted for dispensing or receiving monies or the like and posting such transactions to existing accounts, e.g. automatic teller machines data processing equipment for bank accounting G06Q40/02
• CPC Class Codes: G07F 19/20 Automatic teller machines [ATMs]

Abstract

A cash handling device having at least one processor, a communication interface, an item accepting device, an item dispensing device, an internal currency scanning system, an internal currency transport system, one or more currency storage cartridges, and a memory may receive, from a user, a request to perform a deposit transaction. Based on receiving the request to perform the deposit transaction, the cash handling device may receive at least one deposit item for deposit. Subsequently, the cash handling device may validate the at least one deposit item received for deposit. Based on validating the at least one deposit item received for deposit, the cash handling device may generate a deposit transaction record that includes information directing a banking server to apply a provisional credit to a treasury account associated with the user. Subsequently, the cash handling device may send the deposit transaction record to the banking server.

Claims

1. A cash handling device, comprising:

at least one processor;

a communication interface;

an item accepting device;

an item dispensing device;

an internal currency scanning system;

an internal currency transport system;

one or more currency storage cartridges; and

memory storing computer-readable instructions that, when executed by the at least one processor, cause the cash handling device to;

receive, via the communication interface, and from at least one banking server, configuration information defining one or more configuration settings for the cash handling device;

store the configuration information defining the one or more configuration settings for the cash handling device received from the at least one banking server;

receive, from a first user of the cash handling device, a request to perform a deposit transaction at a deployment location of the cash handling device;

based on receiving the request to perform the deposit transaction at the deployment location of the cash handling device, receive, via the item accepting device, at least one deposit item for deposit at the deployment location of the cash handling device;

validate the at least one deposit item received for deposit at the deployment location of the cash handling device;

based on validating the at least one deposit item received for deposit at the deployment location of the cash handling device, generate a deposit transaction record associated with the request to perform the deposit transaction, the deposit transaction record comprising deposit information directing the at least one banking server to apply a provisional credit to at least one treasury account associated with the first user of the cash handling device;

send, via the communication interface, and to the at least one banking server, the deposit transaction record;

receive, from a second user of the cash handling device, a request to perform a change order transaction at the deployment location of the cash handling device;

based on receiving the request to perform the change order transaction at the deployment location of the cash handling device, receive, via the item accepting device, at least one change order item for exchange at the deployment location of the cash handling device;

validate the at least one change order item received for exchange at the deployment location of the cash handling device;

based on validating the at least one change order item received for exchange at the deployment location of the cash handling device, dispense, via the item dispensing device, one or more currency items to complete the change order transaction;

generate a change order transaction record associated with the request to perform the change order transaction, the change order transaction record comprising change order information directing the at least one banking server to update one or more transaction history records associated with the second user of the cash handling device; and

send, via the communication interface, and to the at least one banking server, the change order transaction record,

wherein the configuration information defining the one or more configuration settings for the cash handling device received from the at least one banking server and stored by the cash handling device defines one or more usage limits comprising a first maximum deposit amount for a first client of an organization associated with the cash handling device and a second maximum deposit amount for a second client of the organization associated with the cash handling device, the second maximum deposit amount for the second client being different from the first maximum deposit amount for the first client,

wherein validating the at least one deposit item received for deposit at the deployment location of the cash handling device comprises enforcing the one or more usage limits defined by the configuration information stored by the cash handling device, and

wherein validating the at least one change order item received for exchange at the deployment location of the cash handling device comprises enforcing the one or more usage limits defined by the configuration information stored by the cash handling device.

2. The cash handling device of claim 1, wherein validating the at least one deposit item received for deposit at the deployment location of the cash handling device comprises:

scanning, by the internal currency scanning system, one or more deposit items received for deposit;

sorting, by the internal currency transport system, the one or more deposit items received for deposit; and

physically storing, by the internal currency transport system, in the one or more currency storage cartridges, the one or more deposit items received for deposit.

3. The cash handling device of claim 2, wherein validating the at least one change order item received for exchange at the deployment location of the cash handling device comprises:

scanning, by the internal currency scanning system, one or more change order items received for exchange;

sorting, by the internal currency transport system, the one or more change order items received for exchange; and

physically storing, by the internal currency transport system, in the one or more currency storage cartridges, the one or more change order items received for exchange.

4. The cash handling device of claim 3, wherein the deployment location of the cash handling device is a retail banking center operated by a financial institution.

5. The cash handling device of claim 3, wherein the deployment location of the cash handling device is a shopping mall in which a plurality of retailers operate retail stores.

6. The cash handling device of claim 3, wherein the at least one deposit item received for deposit comprises one or more currency notes.

7. The cash handling device of claim 3, wherein the at least one deposit item received for deposit comprises one or more currency coins.

8. The cash handling device of claim 3, wherein the at least one deposit item received for deposit comprises one or more checks.

9. The cash handling device of claim 3, wherein the deposit information directs the at least one banking server to credit the at least one treasury account associated with the first user of the cash handling device with an amount of funds associated with the at least one deposit item received for deposit at the deployment location of the cash handling device and validated by the cash handling device.

10. The cash handling device of claim 3, wherein the at least one change order item received for exchange comprises one or more currency notes.

11. The cash handling device of claim 3, wherein the at least one change order item received for exchange comprises one or more currency coins.

12. The cash handling device of claim 3, wherein the memory stores additional computer-readable instructions that, when executed by the at least one processor, cause the cash handling device to:

receive, from a third user of the cash handling device, input defining one or more additional configuration settings for the cash handling device; and

store additional configuration information based on receiving the input defining the one or more additional configuration settings for the cash handling device from the third user of the cash handling device.

13. The cash handling device of claim 1, wherein the one or more usage limits comprise a maximum change order amount for a third client of the organization associated with the cash handling device.

14. The cash handling device of claim 1, wherein enforcing the one or more usage limits defined by the configuration information stored by the cash handling device comprises enforcing a maximum exchange limit defining a maximum amount of currency that is exchangeable by one user of the cash handling device in one transaction.

15. A method, comprising:

at a cash handling device comprising at least one processor, a communication interface, an item accepting device, an item dispensing device, an internal currency scanning system, an internal currency transport system, one or more currency storage cartridges, and a memory;

receiving, by the cash handling device, via the communication interface, and from at least one banking server, configuration information defining one or more configuration settings for the cash handling device;

storing, by the cash handling device, the configuration information defining the one or more configuration settings for the cash handling device received from the at least one banking server;

receiving, by the cash handling device, from a first user of the cash handling device, a request to perform a deposit transaction at a deployment location of the cash handling device;

based on receiving the request to perform the deposit transaction at the deployment location of the cash handling device, receiving, by the cash handling device, via the item accepting device, at least one deposit item for deposit at the deployment location of the cash handling device;

validating, by the cash handling device, the at least one deposit item received for deposit at the deployment location of the cash handling device;

based on validating the at least one deposit item received for deposit at the deployment location of the cash handling device, generating, by the cash handling device, a deposit transaction record associated with the request to perform the deposit transaction, the deposit transaction record comprising deposit information directing the at least one banking server to apply a provisional credit to at least one treasury account associated with the first user of the cash handling device;

sending, by the cash handling device, via the communication interface, and to the at least one banking server, the deposit transaction record;

receiving, by the cash handling device, from a second user of the cash handling device, a request to perform a change order transaction at the deployment location of the cash handling device;

based on receiving the request to perform the change order transaction at the deployment location of the cash handling device, receiving, by the cash handling device, via the item accepting device, at least one change order item for exchange at the deployment location of the cash handling device;

validating, by the cash handling device, the at least one change order item received for exchange at the deployment location of the cash handling device;

based on validating the at least one change order item received for exchange at the deployment location of the cash handling device, dispensing, by the cash handling device, via the item dispensing device, one or more currency items to complete the change order transaction;

generating, by the cash handling device, a change order transaction record associated with the request to perform the change order transaction, the change order transaction record comprising change order information directing the at least one banking server to update one or more transaction history records associated with the second user of the cash handling device; and

sending, by the cash handling device, via the communication interface, and to the at least one banking server, the change order transaction record,

wherein the configuration information defining the one or more configuration settings for the cash handling device received from the at least one banking server and stored by the cash handling device defines one or more usage limits comprising a first maximum deposit amount for a first client of an organization associated with the cash handling device and a second maximum deposit amount for a second client of the organization associated with the cash handling device, the second maximum deposit amount for the second client being different from the first maximum deposit amount for the first client,

wherein validating the at least one deposit item received for deposit at the deployment location of the cash handling device comprises enforcing the one or more usage limits defined by the configuration information stored by the cash handling device, and

wherein validating the at least one change order item received for exchange at the deployment location of the cash handling device comprises enforcing the one or more usage limits defined by the configuration information stored by the cash handling device.

16. The method of claim 15, wherein validating the at least one deposit item received for deposit at the deployment location of the cash handling device comprises:

scanning, by the internal currency scanning system, one or more deposit items received for deposit;

sorting, by the internal currency transport system, the one or more deposit items received for deposit; and

physically storing, by the internal currency transport system, in the one or more currency storage cartridges, the one or more deposit items received for deposit.

17. The method of claim 16, wherein validating the at least one change order item received for exchange at the deployment location of the cash handling device comprises:

scanning, by the internal currency scanning system, one or more change order items received for exchange;

sorting, by the internal currency transport system, the one or more change order items received for exchange; and

physically storing, by the internal currency transport system, in the one or more currency storage cartridges, the one or more change order items received for exchange.

18. The method of claim 15, wherein the one or more usage limits comprise a maximum change order amount for a third client of the organization associated with the cash handling device.

19. The method of claim 15, wherein enforcing the one or more usage limits defined by the configuration information stored by the cash handling device comprises enforcing a maximum exchange limit defining a maximum amount of currency that is exchangeable by one user of the cash handling device in one transaction.

20. One or more non-transitory computer-readable media storing instructions that, when executed by a cash handling device comprising at least one processor, a communication interface, an item accepting device, an item dispensing device, an internal currency scanning system, an internal currency transport system, one or more currency storage cartridges, and a memory, cause the cash handling device to:

receive, via the communication interface, and from at least one banking server, configuration information defining one or more configuration settings for the cash handling device;

store the configuration information defining the one or more configuration settings for the cash handling device received from the at least one banking server;

receive, from a first user of the cash handling device, a request to perform a deposit transaction at a deployment location of the cash handling device;

based on receiving the request to perform the deposit transaction at the deployment location of the cash handling device, receive, via the item accepting device, at least one deposit item for deposit at the deployment location of the cash handling device;

validate the at least one deposit item received for deposit at the deployment location of the cash handling device;

based on validating the at least one deposit item received for deposit at the deployment location of the cash handling device, generate a deposit transaction record associated with the request to perform the deposit transaction, the deposit transaction record comprising deposit information directing the at least one banking server to apply a provisional credit to at least one treasury account associated with the first user of the cash handling device;

send, via the communication interface, and to the at least one banking server, the deposit transaction record;

receive, from a second user of the cash handling device, a request to perform a change order transaction at the deployment location of the cash handling device;

based on receiving the request to perform the change order transaction at the deployment location of the cash handling device, receive, via the item accepting device, at least one change order item for exchange at the deployment location of the cash handling device;

validate the at least one change order item received for exchange at the deployment location of the cash handling device;

based on validating the at least one change order item received for exchange at the deployment location of the cash handling device, dispense, via the item dispensing device, one or more currency items to complete the change order transaction;

generate a change order transaction record associated with the request to perform the change order transaction, the change order transaction record comprising change order information directing the at least one banking server to update one or more transaction history records associated with the second user of the cash handling device; and

send, via the communication interface, and to the at least one banking server, the change order transaction record,

wherein the configuration information defining the one or more configuration settings for the cash handling device received from the at least one banking server and stored by the cash handling device defines one or more usage limits comprising a first maximum deposit amount for a first client of an organization associated with the cash handling device and a second maximum deposit amount for a second client of the organization associated with the cash handling device, the second maximum deposit amount for the second client being different from the first maximum deposit amount for the first client,

wherein validating the at least one deposit item received for deposit at the deployment location of the cash handling device comprises enforcing the one or more usage limits defined by the configuration information stored by the cash handling device, and

wherein validating the at least one change order item received for exchange at the deployment location of the cash handling device comprises enforcing the one or more usage limits defined by the configuration information stored by the cash handling device.