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Automatic currency processing system

  • US 6,748,101 B1
  • Filed: 09/29/2000
  • Issued: 06/08/2004
  • Est. Priority Date: 05/02/1995
  • Status: Expired due to Fees
First Claim
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1. An automated deposit system comprising:

  • a cash accounting system of a bank, the accounting system comprising a financial account associated with a bank customer, the accounting system maintaining the balance in the account of the bank customer; and

    an automatic teller machine, the automatic teller machine comprising;

    an input device for receiving information identifying an account to which currency to be deposited is to be credited;

    an input receptacle adapted to receive a stack of currency bills to be deposited in a deposit transaction;

    a bill denominating module adapted to determine the denomination of the bills to be deposited and determining the total value of the bills denominated by the bill denominating module;

    a control system for transferring the total value of the bills denominated to the cash accounting system;

    wherein the cash accounting system credits the identified account with the value of the bills denominated substantially immediately after the execution of the deposit transaction by the automatic teller machine.

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