Commercial currency handling and servicing management

• US 9,105,145 B2
• Filed: 09/15/2009
• Issued: 08/11/2015
• Est. Priority Date: 12/21/2006
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Brown, Brian Duane, Calderone, Anthony B., Debnam, Henry W., Johnson, Shane Anthony, Johnston, Bethann, Nichols, Michelle Davis, Shaver, John Daniel, Venzon, John N., Walbert, John Scott, Weichert, Margaret Morgan
• Primary Examiner(s): VO, TUYEN KIM
• Application Number:
  US12/559,993
• Publication Number:
  US 20100070392A1
• Time in Patent Office: 2,156 Days
• Field of Search: 235/379, 235/381, 235/383, 705/32, 705 39- 45
• US Class Current: 1/1
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 40/12 Accounting
• 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 19/211 Software architecture within ATMs or in relation to the ATM network

Abstract

Aspects of the invention provide for an end-to-end currency handling, and servicing apparatus. The apparatus may be used in any cash-centric business or enterprise for cash register till set up and balancing, back office reconciliation, and other cash payment handling activities. Further aspects of the invention provide real-time access to cash receipts for enterprise use in making financial and planning decisions.

Claims

1. A system, comprising:

a first cash recycler at a first retail location of a retail owner, the first cash recycler comprising;

a first processor;

a first communication interface; and

a first memory storing computer-executable instructions that, when executed by the first processor, cause the first cash recycler to receive first currency and transmit, via the first communication interface, and to a bank server, one or more first recognition requests based on the first currency, wherein the one or more first recognition requests are configured to cause the bank server to apply an immediate credit for the first currency to one or more enterprise accounts associated with the retail owner;

a second cash recycler at a second retail location of the retail owner, the second cash recycler comprising;

a second processor;

a second communication interface; and

a second memory storing computer-executable instructions that, when executed by the second processor, cause the second cash recycler to receive second currency and transmit, via the second communication interface, and to the bank server, one or more second recognition requests based on the second currency, wherein the one or more second recognition requests are configured to cause the bank server to apply an immediate credit for the second currency to the one or more enterprise accounts associated with the retail owner; and

the bank server comprising;

a third processor;

a third communication interface; and

a third memory storing computer-executable instructions that, when executed by the third processor, cause the bank server to;

receive, via the third communication interface, from the first cash recycler, the one or more first recognition requests;

receive, via the third communication interface, from the second cash recycler, the one or more second recognition requests;

determine, based on the one or more first recognition requests, a first real-time cash position of the first cash recycler at the first retail location, the first real-time cash position corresponding to a first amount of currency available to the retail owner at the first retail location;

determine, based on the one or more second recognition requests, a second real-time cash position of the second cash recycler at the second retail location, the second real-time cash position corresponding to a second amount of currency available to the retail owner at the second retail location;

generate, based on the first real-time cash position of the first cash recycler at the first retail location and the second real-time cash position of the second cash recycler at the second retail location, a report comprising information indicative of an overall cash position of the retail owner; and

cause the report comprising the information indicative of the overall cash position of the retail owner to be displayed to the retail owner via at least one user interface.

2. The system of claim 1,

wherein the first cash recycler is configured to receive the first currency from a first cash register till at the first retail location, and

wherein the second cash recycler is configured to receive the second currency from a second cash register till at the second retail location.

3. The system of claim 2,

wherein the first cash recycler is configured to receive a count from a user of the first cash recycler.

4. The system of claim 3,

wherein the first cash recycler is configured to prompt the user of the first cash recycler to verify the count after receiving the first currency from the first cash register till if a discrepancy exists.

5. The system of claim 2,

wherein the first cash recycler is configured to present a user interface comprising source amount information and a breakdown of currency denominations after receiving the first currency from the first cash register till.

6. The system of claim 1,

wherein the first cash recycler is configured to present a user interface comprising an inventory report that identifies currency denominations available to be dispensed.

7. The system of claim 1,

wherein the bank server is configured to present a user interface comprising a treasury screen, the treasury screen comprising one or more options to select an account service, make an account transfer, initialize information reporting, and initialize a transaction investigation.