Currency recycler

• US 8,756,158 B2
• Filed: 09/14/2012
• Issued: 06/17/2014
• Est. Priority Date: 09/15/2011
• Status: Active Grant

• Current Assignee: Fifth Third Bank (Fifth Third Bancorporation)
• Original Assignee: Fifth Third Bank (Fifth Third Bancorporation)
• Inventors: Colvin, Randy, Norman, Robert, Siekman, Jeffrey
• Primary Examiner(s): Patel, Jagdish
• Application Number:
  US13/618,601
• Publication Number:
  US 20130218754A1
• Time in Patent Office: 641 Days
• Field of Search: 705/42, 705/43, 705/39
• US Class Current: 705/43
• 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: G07D 11/237 for detecting transport malfunctions, e.g. jams or misfeeds
• CPC Class Codes: G07D 11/245 Replenishment
• CPC Class Codes: G07D 11/25 Relocation of valuable papers within devices
• CPC Class Codes: G07D 11/30 Tracking or tracing valuable papers or cassettes
• CPC Class Codes: G07D 11/34 Monitoring the contents of devices, e.g. the number of stored valuable papers
• CPC Class Codes: G07D 11/36 Auditing of activities
• CPC Class Codes: G07D 11/40 Device architecture, e.g. modular construction

Abstract

A cash recycler that is configured to allow deposited money to be dispensed (recycled) in a withdrawal transaction. In one embodiment, multiple currency recyclers could be used at multiple stores of a retail establishment and collectively work from one pending balance. Embodiments are also contemplated in which multiple accounts at one recycler location. In some cases, the currency recycler provides provisional credit for deposits of coinage and checks. In some cases, transactions made on the currency recycler could be settled to any financial institution.

Claims

1. A currency recycler comprising:

a housing including a plurality of stackers disposed within the housing and configured to hold currency;

a processor located within the housing;

a currency routing assembly disposed within the housing and in communication with the processor and configured to move currency received through an entrance of the housing to one or more of the stackers responsive to commands from the processor, wherein the currency routing assembly is configured to move selected currency from one or more of the stackers to an exit of the housing;

a display communicably linked to the processor;

an input device configured to select one or more options presented on the display;

a network interface operably connected to the processor;

a memory element coupled to the processor, the memory storing instructions to direct the processor to perform operations comprising;

present a plurality of transaction types for selection by a user on the display, wherein the plurality of transaction types includes one or more of an exchange transaction and a manual processing transaction;

responsive to receiving a selection of the exchange transaction using the input device, initiating a withdrawal transaction by which the user is prompted for selection of a withdrawal amount and a preferred denomination;

responsive to the selection of the withdrawal amount and the preferred denomination, determining whether the preferred denomination is available and if the preferred denomination is not available, prompting for selection of another denomination until a preferred denomination is determined to be available;

dispensing the withdrawal amount in the form of the preferred denomination; and

accepting the withdrawal amount in a deposit transaction.

2. The currency recycler as recited in claim 1, responsive to receiving a selection of the exchange transaction using the input device, receiving a preferred denomination of the selected withdrawal amount from the user.

3. The currency recycler as recited in claim 2, responsive to receiving the preferred denomination of the selected withdrawal amount, determining whether the preferred denomination is available in one or more of the stackers.

4. The currency recycler as recited in claim 3, responsive to a determination that the preferred denomination is not available, displaying an alert on the display that the preferred denomination is not available.

5. The currency recycler as recited in claim 4, responsive to a determination that the preferred denomination is not available, presenting a request for a new selection of the preferred denomination.

6. The currency recycler as recited in claim 1, responsive to receiving a selection of the manual processing transaction using the input device, storing an amount for a declared amount of one or more coins supplied through the entrance and printing a receipt indicating a provisional credit for the declared amount.

7. The currency recycler as recited in claim 1, responsive to receiving a selection of the manual processing transaction using the input device, storing an amount for a declared amount of one or more checks supplied through the entrance and printing a receipt indicating a provisional credit for the declared amount.

8. A non-transitory, computer readable storage medium storing a program for performing an exchange transaction on a currency recycler, according to a process comprising:

presenting a plurality of transaction types for selection by the user on a display, wherein the plurality of transaction types includes one or more of an exchange transaction;

responsive to receiving a selection of the exchange transaction;

prompting for selection of a withdrawal amount and a preferred denomination;

determining whether the preferred denomination is available;

responsive to a determination that the preferred denomination is not available, prompting for selection of another denomination until a preferred denomination is determined to be available;

dispensing the withdrawal amount in the form of the preferred denomination; and

accepting the withdrawal amount in a deposit transaction.

9. The non-transitory, computer readable storage medium of claim 8, wherein the accepting step occurs after the dispensing step.