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Systems, methods and devices for managing rejected coins during coin processing

  • US 9,633,500 B1
  • Filed: 07/26/2016
  • Issued: 04/25/2017
  • Est. Priority Date: 08/06/2014
  • Status: Active Grant
First Claim
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1. A method for managing banknotes processed by an automated currency processing system, the method comprising:

  • receiving a batch of banknotes via a banknote input area of the currency processing system;

    feeding the batch of banknotes into a banknote processing unit of the currency processing system, the banknote processing unit including one or more banknote discriminating sensors;

    sorting the batch of banknotes into genuine fit target banknotes and reject banknotes with the banknote processing unit;

    sorting the reject banknotes into a plurality of reject groups with the banknote processing unit, each of the reject groups corresponding to a respective category of rejected banknotes;

    analyzing, via one or more processors and the one or more banknote discriminating sensors, at least one of the reject groups to determine if any genuine target banknotes were mischaracterized and erroneously sorted into the at least one reject group; and

    crediting, via the one or more processors, a user of the currency processing system for the genuine target banknotes in the at least one reject group determined to have been mischaracterized and erroneously sorted.

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