Methods and apparatus for automatic bond redemption
First Claim
Patent Images
1. A bond redemption apparatus comprising:
- a scanner adapted to provide image data of at least a portion of a bond;
a storage medium encoded with at least one program; and
at least one processor coupled to the scanner to receive the image data and capable of accessing the storage medium, wherein the at least one program includes instructions that, when executed by the at least one processor, determine bond information from the image data and index at least one database with at least some of the bond information to obtain valuation information related to the bond.
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Abstract
An automatic bond redemption apparatus is provided that facilitates the processing and/or redemption of one or more U.S. Savings Bonds with little or no involvement from employees of a financial institution providing the service. Image data acquired from the savings bond is processed in order to determine bond information related to the nature of the bond, the bond information may be used to index one or more valuation databases in order to determine the value of the savings bond.
40 Citations
30 Claims
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1. A bond redemption apparatus comprising:
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a scanner adapted to provide image data of at least a portion of a bond;
a storage medium encoded with at least one program; and
at least one processor coupled to the scanner to receive the image data and capable of accessing the storage medium, wherein the at least one program includes instructions that, when executed by the at least one processor, determine bond information from the image data and index at least one database with at least some of the bond information to obtain valuation information related to the bond. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A method of valuating a bond, the method comprising acts of:
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receiving as an input a bond;
automatically obtaining bond information from the bond; and
automatically determining valuation information from the bond information. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. A bond redemption apparatus including:
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at least one input device adapted to acquire image data of a bond;
means for automatically determining bond information from the image data; and
means for determining valuation information from the bond information. - View Dependent Claims (26, 27, 28, 29, 30)
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Specification