Method and computer program product for electronically managing payment media

• US 7,537,153 B2
• Filed: 04/29/2005
• Issued: 05/26/2009
• Est. Priority Date: 05/03/2004
• Status: Expired due to Fees

• Current Assignee: De La Rue International Limited (De La Rue PLC)
• Original Assignee: De La Rue International Limited (De La Rue PLC)
• Inventors: Taylor, Darren, Pickles, Robert M Jr., Wobser, Daniel, Halpin, James H, Chirnoaga, Corneliu C, Ladwig, Mark, Antonelli, Steven, Hurwitz, Harlan A
• Primary Examiner(s): Le; Thien M.
• Assistant Examiner(s): VO, TUYEN KIM
• Application Number:
  US11/117,563
• Publication Number:
  US 20060065717A1
• Time in Patent Office: 1,488 Days
• Field of Search: 235/379, 235/383, 235/381, 235/385, 705/22, 705/28
• US Class Current: 235/379
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/023 the neutral party being a clearing house
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 20/203 Inventory monitoring
• 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

Abstract

A method of electronically managing payment media, includes the steps of: (i) determining an amount of payment media dispensed from a payment media dispensing device, based on electronic point-of-sale data received from a point-of-sale register associated with the payment media dispensing device; and (ii) determining an inventory amount of the payment media remaining in the payment media dispensing device based on the determined amount of payment media dispensed from the payment media dispensing device. A computer program product can store a computer executable program that includes instructions to cause a controller of a transactions processing system to perform the above steps.

Claims

1. A method of electronically managing payment media, the method comprising:

determining an amount of payment media dispensed from a payment media dispensing device, based on electronic point-of-sale data received from a point-of-sale register associated with the payment media dispensing device;

determining an inventory amount of the payment media remaining in the payment media dispensing device based on the determined amount of payment media dispensed from the payment media dispensing device; and

automatically determining a refill amount based on a comparison of the inventory amount to a maximum desired amount of the payment media to be contained in the payment media dispensing device,

wherein the maximum desired amount is adjustable based on at least one of;

rules stored in a look-up table independent of the payment media dispensing device; and

data received remotely.

2. The method of claim 1, wherein the step of determining the inventory amount also is based on a start amount of the payment media contained in the payment media dispensing device prior to dispensing the payment media.

3. The method of claim 1, further comprising:

automatically determining that a refill operation should be performed for the payment media dispensing device based on the determined inventory amount.

4. The method of claim 3, wherein it is automatically determined that the refill operation should be performed by comparing the determined inventory amount to a predetermined payment media level.

5. The method of claim 4, wherein the payment media dispensing device contains at least one of currency bills and coins of different denominations, and the comparing step is performed for each of the different denominations.

6. The method of claim 3, further comprising:

automatically determining the refill amount when it is determined that the refill operation should be performed.

7. The method of claim 6, wherein the payment media dispensing device contains at least one of currency bills and coins of different denominations, and the refill amount is determined for each of the different denominations for which the refill operation should be performed.

8. The method of claim 3, further comprising:

issuing an alert that the refill operation should be performed when it is determined that the refill operation should be performed.

9. The method of claim 8, wherein the alert is issued on a display screen.

10. The method of claim 1, wherein the refill amount is automatically determined at least at one of an end of a shift and a beginning of a shift of a cashier that operates the point-of-sale register.

11. The method of claim 1, wherein the maximum desired amount is set by a person other than an operator of the point-of-sale register with which the payment media dispensing device is used.

12. The method of claim 1, wherein the maximum desired amount is a full capacity amount of the payment media dispensing device.

13. The method of claim 1, wherein the payment media dispensing device contains at least one of currency bills and coins of different denominations, and the refill amount is determined for each of the different denominations.

14. The method of claim 1, wherein the inventory amount is determined each time that the payment media dispensing device dispenses the payment media.

15. The method of claim 1, wherein the inventory amount is determined at intermittent intervals.

16. The method of claim 1, wherein the method is performed for a plurality of payment media dispensing devices located within a place of business.

17. The method of claim 1, wherein the method is performed for a plurality of payment media dispensing devices disposed in different buildings.

18. The method of claim 1, wherein the payment media dispensing device is a passive device that does not generate data regarding the payment media dispensed from the payment media dispensing device.

19. The method of claim 1, further comprising:

providing reports based on the point-of-sale data, the reports being at least one of printed and displayed.

20. The method of claim 1, wherein the payment media dispensing device also is capable of accepting payment media from a customer.

21. The method of claim 1, wherein the payment media includes coupons.

22. The method of claim 1, wherein the payment media includes coins.

23. The method of claim 1, wherein the payment media includes currency bills.

24. A computer program product for use in a system that includes a computer, a payment media dispensing device and a point-of-sale register that is electronically linked to the payment media dispensing device, the computer being electronically linked to the point-of sale register via a network, the computer program product comprising a computer-readable recording medium that stores instructions that are executable by the computer for causing the computer to:

determine an amount of payment media dispensed from the payment media dispensing device, based on electronic point-of-sale data received from the point-of-sale register;

determine an inventory amount of the payment media remaining in the payment media dispensing device based on the determined amount of payment media dispensed from the payment media dispensing device; and

automatically determine a refill amount based on a comparison of the inventory amount to a maximum desired amount of the payment media to be contained in the payment media dispensing device,

wherein the instructions include instructions that enable the maximum desired amount to be adjustable based on at least one of;

rules stored in a look-up table independent of the payment media dispensing device that is accessible to the computer; and

data received remotely from the computer.

25. The computer program product of claim 24, wherein the instructions to determine the inventory amount determine the inventory amount based on a start amount of the payment media contained in the payment media dispensing device prior to dispensing the payment media.

26. The computer program product of claim 24, wherein the computer program product further comprises instructions to:

automatically determine that a refill operation should be performed for the payment media dispensing device based on the determined inventory amount.

27. The computer program product of claim 26, wherein it is automatically determined that the refill operation should be performed by comparing the determined inventory amount to a predetermined payment media level.

28. The computer program product of claim 27, wherein the payment media dispensing device contains at least one of currency bills and coins of different denominations, and the comparing step is performed for each of the different denominations.

29. The computer program product of claim 26, wherein the computer program product further comprises instructions to:

automatically determine the refill amount when it is determined that the refill operation should be performed.

30. The computer program product of claim 29, wherein the payment media dispensing device contains at least one of currency bills and coins of different denominations, and the refill amount is determined for each of the different denominations for which the refill operation should be performed.

31. The computer program product of claim 26, wherein the computer program product further comprises instructions to:

issue an alert that the refill operation should be performed when it is determined that the refill operation should be performed.

32. The computer program product of claim 24, wherein the instructions cause the refill amount to be automatically determined at least at one of an end of a shift and a beginning of a shift of a cashier that operates the point-of-sale register.

33. The computer program product of claim 24, wherein the instructions include instructions to prompt a person other than an operator of the point-of-sale register with which the payment media dispensing device is used to set the maximum desired amount.

34. The computer program product of claim 24, wherein the payment media dispensing device contains at least one of currency bills and coins of different denominations, and the refill amount is determined for each of the different denominations.

35. The computer program product of claim 24, wherein the instructions cause the inventory amount to be determined each time that the payment media dispensing device dispenses the payment media.

36. The computer program product of claim 24, wherein the instructions cause the inventory amount to be determined at intermittent intervals.

37. The computer program product of claim 24, wherein the instructions cause the inventory amount to be determined for a plurality of payment media dispensing devices.

38. The computer program product of claim 24, wherein the computer program product further comprises instructions to provide reports based on the point-of-sale data.

39. The computer program product of claim 24, wherein the payment media includes coupons.

40. The computer program product of claim 24, wherein the payment media includes coins.

41. The computer program product of claim 24, wherein the payment media includes currency bills.