Prediction of future funds positions
First Claim
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1. A method, comprising:
- tracking a physical position, in a cash supply chain, of a monetary package of a selected party, using a computing device, the monetary package containing one or more physical monetary items;
predicting, using the computing device, based on a transaction history of a selected party, an expected future change in funds for the selected party;
creating a funds estimate for the selected party at a specified time, based on the physical position of the monetary package in the cash supply chain and the expected future change in funds, using the computing device; and
storing the funds estimate in an electronic medium associated with the computing device.
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Abstract
A method for predicting client funds positions includes predicting an expected future change in funds for a selected party, and creating a funds estimate for the selected party at a specified time. The predicted future change in funds is based on a transaction history of the selected party, and the calculation is based on the expected future change in funds. The change in funds can be a deposit or withdrawal. Such deposits or withdrawals can be in the form of monetary packages, which enables incorporation of monetary package tracking features into the method.
162 Citations
27 Claims
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1. A method, comprising:
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tracking a physical position, in a cash supply chain, of a monetary package of a selected party, using a computing device, the monetary package containing one or more physical monetary items; predicting, using the computing device, based on a transaction history of a selected party, an expected future change in funds for the selected party; creating a funds estimate for the selected party at a specified time, based on the physical position of the monetary package in the cash supply chain and the expected future change in funds, using the computing device; and storing the funds estimate in an electronic medium associated with the computing device. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A non-transitory computer readable medium comprising computer-executable instructions configured to cause a computing device to perform:
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tracking a physical position, in a cash supply chain, of a monetary package of a selected party, the monetary package containing one or more physical monetary items; predicting, based on a transaction history of a selected party, an expected future change in funds for the selected party; creating a funds estimate for the selected party at a specified time, based on the physical position of the monetary package in the cash supply chain and the expected future change in funds; and storing the funds estimate in an electronic medium associated with the computing device. - View Dependent Claims (11, 12, 13, 14, 15, 16)
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17. A method comprising:
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creating a funds estimate for a selected party at a specified time, using a computing device, based on current actual funds for the selected party, a scheduled future change in funds for the selected party, and a predicted future change in funds for the selected party, wherein the predicted future change is not scheduled and is predicted based on a transaction history of the selected party; storing the funds estimate in memory associated with the computing device; and taking an action in furtherance of a financial transaction involving the selected party, based on the funds estimate, including making the funds estimate available to the selected party, wherein the funds estimate is further based on funds of the selected patty received into a cash supply chain in the form of a plurality of monetary packages, each containing one or more physical monetary items, the method further comprising; tracking a physical position of each of the plurality of monetary packages in the cash supply chain, wherein the funds estimate comprises the physical positions of the monetary packages in the cash supply chain. - View Dependent Claims (18, 19, 20, 21, 22)
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23. A method comprising:
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tracking a physical position, in a cash supply chain, of a monetary package of a selected party, using a computing device, the monetary package containing one or more physical monetary items; predicting, using the computing device, based on a transaction history of the selected party, an expected physical position at a specified time for an unscheduled additional monetary package expected to be received into the cash supply chain from the selected party, the additional monetary package containing one or more physical monetary items; creating a funds estimate for the selected party, using the computing device, the funds estimate comprising the physical position of the monetary package at the specified time and the expected physical position for the additional monetary package at the specified time; and storing the funds estimate in memory associated with the computing device. - View Dependent Claims (24, 25, 26, 27)
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Specification