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

• Current Assignee: Cummins-Allison Corporation (Crane Company)
• Original Assignee: Cummins-Allison Corporation (Crane Company)
• Inventors: Jones, William J., Munro, Mark C., Mennie, Douglas U.
• Primary Examiner(s): Tran, Phuoc
• Application Number:
  US09/676,349
• Time in Patent Office: 1,348 Days
• Field of Search: 382/135-140, 382/318, 382/319, 382/321, 209/534, 250/559.11, 194/206, 194/207, 356/71, 705/43, 235/379, 235/380, 902/4, 902/11, 902/15
• US Class Current: 382/135
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 20/18 involving self-service terminals [SST], vending machines, kiosks or multimedia terminals
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G07D 11/10 Mechanical details
• CPC Class Codes: G07D 11/50 Sorting or counting valuable papers
• CPC Class Codes: G07D 7/04 Testing magnetic properties of the materials thereof, e.g. by detection of magnetic imprint G07D7/01 takes precedence
• CPC Class Codes: G07D 7/06 using wave or particle radiation
• CPC Class Codes: G07D 7/12 Visible light, infrared or ultraviolet radiation
• CPC Class Codes: G07D 7/1205 Testing spectral properties
• CPC Class Codes: G07D 7/128 Viewing devices
• CPC Class Codes: G07D 7/16 Testing the dimensions
• CPC Class Codes: G07D 7/162 Length or width
• CPC Class Codes: G07D 7/20 Testing patterns thereon G07D7/004, G07D7/005 take precedence
• CPC Class Codes: G07F 19/20 Automatic teller machines [ATMs]
• CPC Class Codes: G07F 19/202 Depositing operations within ATMs depositing in general G07D11/00
• CPC Class Codes: G07F 7/04 by paper currency

Abstract

An apparatus for currency discrimination comprises first and second stationary scanheads, disposed on opposite sides of a bill transport path, for scanning respective first and second opposing surfaces of a bill traveling along the bill transport path and for producing respective output signals. The bill travels along the transport path in the direction of a predetermined dimension of the bill. A memory stores master characteristic patterns corresponding to associated predetermined surfaces of a plurality of denominations of genuine bills. Sampling circuitry samples the output signals associated with the respective first and second opposing surfaces of the scanned bill. A signal processor is programmed to determine which one of the first and second opposing surfaces corresponds to the associated predetermined surfaces of the plurality of denominations of genuine bills. The processor then correlates the output signal associated with the one of the first and second opposing surfaces corresponding to the associated predetermined surfaces with the master characteristic patterns to identify the denomination of the scanned bill.

Claims

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.

2. The automated deposit system of claim 1 wherein said automatic teller machine denominates bills at a rate in excess of about 350 bills per minute.

3. The automated deposit system of claim 1 wherein said bill denominating module is further adapted to authenticate the genuineness of each bill.

4. The automated deposit system of claim 3 wherein said automatic teller machine alters the processing of a bill detected to be non-genuine.

5. 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 and information declaring the value of currency to be deposited;

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

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 memory for storing the value declared as being deposited and the total value of the bills denominated by the bill denominating module; and

a control system for transferring the value of the currency deposited to the cash accounting system if the declared value equals the denominated value;

wherein the cash accounting system substantially immediately credits the identified account with the value of the currency deposited.

6. The automated deposit system of claim 5 wherein said automatic teller machine denominates bills at a rate in excess of about 350 bills per minute.

7. The automated deposit system of claim 5 wherein said bill denominating module is further adapted to authenticate the genuineness of each bill.

8. The automated deposit system of claim 7 wherein said automatic teller machine alters the processing of a bill detected to be non-genuine.

9. A method of depositing currency bills using an automated teller machine wherein the verified value of bills deposited is substantially immediately credited to a bank account comprising:

receiving information at an automatic teller machine identifying a bank account to which currency to be deposited during a deposit transaction is to be credited;

receiving in the automatic teller machine a stack of currency bills to be deposited into the bank account during the deposit transaction;

automatically determining the denominations of the individuals bills in the stack and determining the total value of the bills in the stack;

automatically transferring the total value of the bills deposited into the automatic teller machine during the deposit transaction to a cash accounting system associated with a bank, the accounting system comprising the bank account to which the currency is to be deposited, the accounting system maintaining the balance in the account; and

automatically crediting the bank account with the total value of the bills in the stack substantially immediately after the execution of the deposit transaction by the automatic teller machine.

10. The method of claim 9 wherein sad determining the denominations of the individual bills is performed at a rate in excess of about 350 bills per minute.

11. The method of claim 9 further comprising authenticating the genuineness of each bill.

12. The method of claim 11 further comprising altering the processing of a bill detected to be non-genuine.

13. A method of depositing currency bills using an automated teller machine wherein the verified value of bills deposited is substantially immediately credited to a bank account comprising:

receiving information at an automated teller machine identifying a bank account to which currency to be deposited during a deposit transaction is to be credited;

receiving in the automatic teller machine a stack of currency bills to be deposited into the bank account during the deposit transaction;

automatically determining the denominations of the individuals bills in the stack and determining the total value of the bills in the stack, the total value of the bills as automatically determined by the automatic teller machine being a verified cash deposit amount;

automatically transferring the verified cash deposit amount for the deposit transaction from the automatic teller machine to a cash accounting system associated with a bank, the accounting system comprising the bank account to which the verified cash deposit amount is to be credited, the accounting system maintaining the balance in the bank account; and

automatically crediting the bank account with the verified cash deposit amount substantially immediately after the execution of the deposit transaction by the automatic teller machine.

14. The method of claim 13 wherein said determining the denominations of the individual bills is performed at a rate in excess of about 350 bills per minute.

15. The method of claim 13 further comprising authenticating the genuineness of each bill.

16. The method of claim 15 further comprising altering the processing of a bill detected to be non-genuine.

17. A method of depositing currency bills using an automated teller machine wherein the verified value of bills deposited is substantially immediately credited to a bank account comprising:

receiving information from a bank customer at an automated teller machine identifying a bank account to which currency to be deposited during a deposit transaction is to be credited;

receiving in the automatic teller machine from the bank customer a stack of currency bills to be deposited into the bank account during the deposit transaction;

automatically determining the denominations of the individuals bills in the stack and determining the total value of the bills in the stack, the total value of the bills as automatically determined by the automatic teller machine being a verified cash deposit amount;

automatically transferring the verified cash deposit amount for the deposit transaction from the automatic teller machine to a cash accounting system associated with a bank, the accounting system comprising the bank account to which the verified cash deposit amount is to be credited, the accounting system maintaining the balance in the bank account; and

automatically crediting the bank account with the verified cash deposit amount substantially immediately after the execution of the deposit transaction by the automatic tellers machine.

18. The method of claim 17 wherein said determining the denominations of the individual bills is performed at a rate in excess of about 350 bills per minute.

19. The method of claim 18 further comprising authenticating the genuineness of each bill.

20. The method of claim 19 further comprising altering the processing of a bill detected to be non-genuine.

21. A method of depositing currency bills using an automated teller machine wherein the verified value of bills deposited is substantially immediately credited to a bank account comprising:

receiving information from a bank customer at an automated teller machine identifying a bank account to which currency to be deposited during a deposit transaction is to be credited;

receiving in the automatic teller machine a declared cash deposit amount from the bank customer;

receiving in the automatic teller machine from the bank customer a stack of currency bills to be deposited into the bank account during the deposit transaction;

automatically determining the denominations of the individuals bills in the stack and determining the total value of the bills in the stack, the total value of the bills as automatically determined by the automatic teller machine being a verified cash deposit amount;

automatically determining whether the verified cash deposit amount coincides with the declared cash deposit amount;

if the verified cash deposit amount coincides with the declared cash deposit amount, automatically transferring the verified cash deposit amount for the deposit transaction from the automatic teller machine to a cash accounting system associated with a bank, the accounting system comprising the bank account to which the verified cash deposit amount is to be credited, the accounting system maintaining the balance in the bank account; and

automatically crediting the bank account with the verified cash deposit amount substantially immediately after the execution of the deposit transaction by the automatic teller machine.

22. The method of claim 21 wherein said determining the denominations of the individual bills is performed at a rate in excess of about 350 bills per minute.

23. The method of claim 21 further comprising authenticating the genuineness of each bill.

24. The method of claim 23 further comprising altering the processing of a bill detected to be non-genuine.

25. An automated deposit system comprising:

a cash accounting system of a financial institution, the accounting system comprising a financial account associated with a financial institution customer, the accounting system maintaining the balance in the account of the financial institution 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.

26. The automated deposit system of claim 25 wherein said automatic teller machine denominates bills at a rate in excess of about 350 bills per minute.

27. The automated deposit system of claim 25 wherein said bill denominating module is further adapted to authenticate the genuineness of each bill.

28. The automated deposit system of claim 27 wherein said automatic teller machine alters the processing of a bill detected to be non-genuine.

29. An automated deposit system comprising:

a cash accounting system of a financial institution, the accounting system comprising a financial account associated with a financial institution customer, the accounting system maintaining the balance in the account of the financial institution 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 and information declaring the value of currency to be deposited;

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

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 memory for storing the value declared as being deposited and the total value of the bills denominated by the bill denominating module; and

a control system for transferring the value of the currency deposited to the cash accounting system if the declared value equals the denominated value;

wherein the cash accounting system substantially immediately credits the identified account with the value of the currency deposited.

30. The automated deposit system of claim 29 wherein said automatic teller machine denominates bills at a rate in excess of about 350 bills per minute.

31. The automated deposit system of claim 29 wherein said bill denominating module is further adapted to authenticate the genuineness of each bill.

32. The automated deposit system of claim 31 wherein said automatic teller machine alters the processing of a bill detected to be non-genuine.

33. A method of depositing currency bills using an automated teller machine wherein the verified value of bills deposited is substantially immediately credited to a financial account comprising:

receiving information at an automatic teller machine identifying a financial account to which currency to be deposited during a deposit transaction is to be credited;

receiving in the automatic teller machine a stack of currency bills to be deposited into the financial account during the deposit transaction;

automatically determining the denominations of the individuals bills in the stack and determining the total value of the bills in the stack;

automatically transferring the total value of the bills deposited into the automatic teller machine during the deposit transaction to a cash accounting system associated with a financial institution, the accounting system comprising the financial account to which the currency is to be deposited, the accounting system maintaining the balance in the account; and

automatically crediting the financial account with the total value of the bills in the stack substantially immediately after the execution of the deposit transaction by the automatic teller machine.

34. The method of claim 33 wherein said determining the denominations of the individual bills is performed at a rate in excess of about 350 bills per minute.

35. The method of claim 33 further comprising authenticating the genuineness of each bill.

36. The method of claim 35 further comprising altering the processing of a bill detected to be non-genuine.

37. A method of depositing currency bills using an automated teller machine wherein the verified value of bills deposited is substantially immediately credited to a financial account comprising:

receiving information at an automated teller machine identifying a financial account to which currency to be deposited during a deposit transaction is to be credited;

receiving in the automatic teller machine a stack of currency bills to be deposited into the financial account during the deposit transaction;

automatically determining the denominations of the individuals bills in the stack and determining the total value of the bills in the stack, the total value of the bills as automatically determined by the automatic teller machine being a verified cash deposit amount;

automatically transferring the verified cash deposit amount for the deposit transaction from the automatic teller machine to a cash accounting system associated with a financial institution, the accounting system comprising the financial account to which the verified cash deposit amount is to be credited, the accounting system maintaining the balance in the financial account; and

automatically crediting the financial account with the verified cash deposit amount substantially immediately after the execution of the deposit transaction by the automatic teller machine.

38. The method of claim 37 wherein said determining the denominations of the individual bills is performed at a rate in excess of about 350 bills per minute.

39. The method of claim 37 further comprising authenticating the genuineness of each bill.

40. The method of claim 39 further comprising altering the processing of a bill detected to be non-genuine.

41. A method of depositing currency bills using an automated teller machine wherein the verified value of bills deposited is substantially immediately credited to a financial account comprising:

receiving information from a financial institution customer at an automated teller machine identifying a financial account to which currency to be deposited during a deposit transaction is to be credited;

receiving in the automatic teller machine from the financial institution customer a stack of currency bills to be deposited into the financial account during the deposit transaction;

automatically determining the denominations of the individuals bills in the stack and determining the total value of the bills in the stack, the total value of the bills as automatically determined by the automatic teller machine being a verified cash deposit amount;

automatically transferring the verified cash deposit amount for the deposit transaction from the automatic teller machine to a cash accounting system associated with a financial institution, the accounting system comprising the financial account to which the verified cash deposit amount is to be credited, the accounting system maintaining the balance in the financial account; and

automatically crediting the financial account with the verified cash deposit amount substantially immediately after the execution of the deposit transaction by the automatic teller machine.

42. The method of claim 41 wherein said determining the denominations of the individual bills is performed at a rate in excess of about 350 bills per minute.

43. The method of claim 42 further comprising authenticating the genuineness of each bill.

44. The method of claim 43 further comprising altering the processing of a bill detected to be non-genuine.

45. A method of depositing currency bills using an automated teller machine wherein the verified value of bills deposited is substantially immediately credited to a financial account comprising:

receiving information from a financial institution customer at an automated teller machine identifying a financial account to which currency to be deposited during a deposit transaction is to be credited;

receiving in the automatic teller machine a declared cash deposit amount from the financial institution customer;

receiving in the automatic teller machine from the financial institution customer a stack of currency bills to be deposited into the financial account during the deposit transaction;

automatically determining the denominations of the individuals bills in the stack and determining the total value of the bills in the stack, the total value of the bills as automatically determined by the automatic teller machine being a verified cash deposit amount;

automatically determining whether the verified cash deposit amount coincides with the declared cash deposit amount;

if the verified cash deposit amount coincides with the declared cash deposit amount, automatically transferring the verified cash deposit amount for the deposit transaction from the automatic teller machine to a cash accounting system associated with a financial institution, the accounting system comprising the financial account to which the verified cash deposit amount is to be credited, the accounting system maintaining the balance in the financial account; and

automatically crediting the financial account with the verified cash deposit amount substantially immediately after the execution of the deposit transaction by the automatic teller machine.

46. The method of claim 45 wherein said determining the denominations of the individual bills is performed at a rate in excess of about 350 bills per minute.

47. The method of claim 45 further comprising authenticating the genuineness of each bill.

48. The method of claim 47 further comprising altering the processing of a bill detected to be non-genuine.