Patent Grant
12100270
Automated Teller Machines (ATMs) are designed for consumer convenience by allowing consumers to deposit funds, withdraw funds, and perform other account-based services without requiring assistance from a teller.
ATMs have been around for a long time and they were revolutionary in the financial industry when they first appeared some fifty to sixty years ago. ATMs have experienced many enhancements since first appearing in the industry. For example, deposit envelops are no longer needed for deposit transactions since most modern ATMs are equipped with imaging technology; voice guidance is provided for visually impaired consumers; touchscreen displays permit easy selection of interface options; remote video-based customer assistance is available on some ATMs, etc.
ATMs were designed for consumers and consumer-sized deposit and withdrawal transactions. Many small to medium sized businesses are still forced to perform large deposit transactions with a teller during normal business hours because the ATMs are only equipped to handle a bunch of checks and/or currency notes of 300 or less during check/note infeed operations. Businesses are rightly concerned with the safety of their employees carrying large bags of notes to an ATM for deposit while the employee counts out or feeds the ATM pre-sized bunches of notes for deposit transactions. This increases the time the employee is at the ATM with unsecured notes during the transaction. As a result, some businesses perform several deposits at different times during the day, some visit the bank during normal business hours for deposits, and/or some hire a cash transportation service to perform the deposits on behalf of the business.
As a result, many small to medium sized businesses have to safely store large amounts of currency notes on their premises for extended periods of time and/or have to make multiple bank visits throughout a day or a week. Businesses are concerned with cash being on site and may have to hire added security or take other expensive precautions for the protection of their employees.
In various embodiments, an apparatus, a system, and a method for depositing bulk currency notes are provided.
According to an aspect, a method for performing a bulk currency note deposit by an Automated Teller Machine (ATM) is provided. A media cassette is detected as being interfaced to an apparatus that is externally affixed to the ATM during a deposit transaction being performed by a depositor at the ATM. The deposit transaction is processed by feeding media drawn from the media cassette through a depository/recycling device of the ATM into one or more of an exception bin, an escrow, and second media cassettes associated with a safe of the ATM.
System 100 provides an enhanced Self-Service Terminal (SST), such as an ATM, which permits currency notes to be processed in bulk during a deposit transaction via a novel apparatus 170 and enhanced deposit software features. A currency cassette 140 is externally attached and internally interfaced to a depository 120 during a deposit transaction with the currency notes automatically pulled from cassette 140, validated, counted, and deposited in cassettes 131 of safe 130 by depository 120. Any rejected notes (not validated) during the deposit can be returned by depository 120 back to cassette 140. Cassette 140 is removable/detachable and attachable via an exterior of system 100 through apparatus 170.
System 100 decreases cash handling required by a depositor during a deposit transaction; enables secure transfer of currency notes from cassette 140 to cassettes 131 of safe 130; reduces cash exposure risks associated with staff and fraudulent activities when handling large amounts of cash; increases self-service capabilities for small to medium sized businesses that frequently have large currency note deposit transactions; allows deposited cash to be immediately available to other customers of the ATM via currency recycling; reduces the currency replenishment cycles of the ATM with replenished currency coming from bulk deposit transactions at the ATM; and provides instant account credit for a bulk deposit to the account associated with the depositor.
As used herein the phrase “currency note” may be used interchangeably and synonymously with “cash.” A currency note can be any government backed currency having a government assigned denomination ($1, $5, $10, $20, $50, $100, etc.).
A “bulk deposit” refers to a specific type of deposit transaction being performed by an operator of system 100 where the total amount of currency notes being deposit exceeds a maximum note threshold permitted by the pocket infeed 121 of depository/recycler 120. In an embodiment, the threshold is approximately 300 notes, such that a “bulk deposit transaction” is a deposit transaction that exceeds 300 notes being deposited.
However, it is to be noted that while system 100 permits bulk deposits for any deposit that exceeds a maximum number of currency notes, cassette 140 may be also be used for a deposit transaction when the total number of currency notes is under the maximum number. That is, system 100 permits any sized deposit (any total number of currency notes) to be deposited via cassette 140. For example, when the bulk deposit feature is activated by system 100, system 100 pulls the currency notes from cassette 140, there is not a requirement that cassette 140 hold more than the maximum number of currency notes. Once the bulk deposit feature is activated any total number of currency notes present in cassette 140 are processed through depository 120 into cassettes 131 of safe 130 and the deposit transaction is completed. In this way, system 100 can still be processed for an operator of system 100 when the total amount of currency notes for the deposit transaction is less than the maximum bunch size of pocket infeed 121.
System 100 comprises a top box 110, a depository/recycler 120, a safe 130, and attachable/detachable cassette 140 (shown as attached and loaded on the exterior front service of system 100 in
Top box 110 comprises a housing for a computing core and user interface peripherals (such as a touchscreen display, card reader, etc.). An inside of top box 110 includes depository/recycler 120.
Depository/recycler 120 includes a variety of electromechanical components and hardware circuitry (e.g., printed circuit boards) for the components. Depository/recycler 120 includes electromechanical components for a pocket infeed 121, a front media transport 122, a note validator 123 (called “bill validator” in
Safe 130 comprises cassettes 131.
Cassette 140 comprises a similar or a same memory, electromechanical components, pin connectors, and dimensions of that which are associated with safe cassettes 131 housed in safe 130. That is, cassette 140 is a cassette which could be swapped into or out of safe 130, such that the communication and access to cassette 140 is the same for depository/recycler 120 as that which is already associated with cassettes 131 of safe 130. This provides easy software integration of cassette 140 with depository/recycler 120 for access and control of cassette 140 by depository/recycler 120.
An existing deposit transaction interface is modified and enhanced as a new user interface 110. Interface 110 permits a new type of deposit transaction option/feature that is associated a source infeed for valuable media of the deposit being an externally attached cassette 140 instead of pocket infeed 121. This new type of deposit transaction option/feature can activated through interface 110 based on a customer account identifier associated with a customer card provided during the deposit transaction or provided through interface 110 for selection by a customer when a deposit transaction is selected by the customer from interface 110 and when CPU core 110 has detected a cassette 140 loaded into unload infeed 129B by the customer.
Once the new type of deposit transaction is detected for a given deposit transaction, a source infeed for the deposited notes is identified as unload infeed 129B instead of pocket infeed 121. This may further cause pocket infeed 121 to be deactivated and a shutter for pocket infeed 121 closed.
The depository/recycler 120 pulls each note from cassette 140 through unload infeed 129B into transport intersection 129A, each note is then fed into front transport 122. Front transport 122 is also interfaced to pocket infeed 121, such that path A 150 for each note pulled from cassette 140 traverses inside of depository/recycler 120 along a same path as if the notes were pulled from pocket infeed 121. Each note is urged along path A 150 from front transport 122 to note validator 123 where is note is identified for purpose of type (check or currency), any Magnetic Ink Character Recognition for any type of note associated with a check, denomination determination for currency notes, and counterfeit/damage determination for currency notes. Once the note is validated and labeled as to its type (by validator 123), denomination, check amount, and genuine or not (counterfeit or damaged), the notes are instantly directed to the appropriate destination. Thus, any note that is not recognized or is not clearly authenticated is temporarily held in escrow 125 along path A 150 and vertical transport 124 where the note is fed into escrow 125; the note is held until a final determination is made as to whether the note can be deposited or cannot. Notes that are considered suspect or counterfeit are either held in escrow 125 for return to cassette 140 or directed to exception bin 127 for investigation by authorities, depending on the suspect/counterfeit retention policy of the financial institution. Assuming a note is not going to be rejected and is verified, the note is urged along exception transport 126 to horizontal transport 128. Each note is then urged into transport intersection 129A, then down through intermediate transport 129C, and fed into the appropriate cash cassette 131 of safe 130. Each cassette 131 may be associated with a particular denomination of a currency note or set of denominations and one cassette 131 may be set aside for storage of checks. The deposit path 150 starts at A from cassette 140 and ends at a designation associated with B (can be exception bin, a particular currency cassette 131, and or remain temporarily on a drum associated with escrow 125 for returning back to cassette 140
During the bulk deposit transaction, the existing metrics are calculated as they normally would be for the currency notes being deposited by depository/recycler 120, such that usable currency notes are inventoried with the existing notes by denomination within cassettes 131. This allows the deposited currency to be recycled for withdrawals by other customers of system 100.
Similarly, depository/recycler 120 in conjunction with applications of CPU core 110 count and inventory acceptable notes/checks for the bulk deposit and provide a summary for review to the operator/depositor through interface 110. For example, a screen rendered on a display to the depository indicating that a total of $10,000 was deposited consisting of 500 $100 bills, 4 $50 bills, 10 $20 bills, and 1 check of $100. Any unacceptable notes are identified and returned back from escrow 125 to cassette 140 along path 160 (shown in
A rejected note that is returnable to the customer (such as a check with a missing account number or missing signature, a note associated with a foreign currency that is foreign to the depository/recycler 120 that the depository/recycler 120 was not configured to handle with the deposit transaction) is returned back over path 160 at C from escrow 125 to vertical transport 124 where it is urged back through bill validator 123, front transport 122, transport intersection 129A, and unload infeed 129B and stored back in cassette 140.
The apparatus 170 comprises unload infeed 129B, vertical cassette holding brace/bracket 141, and cassette port holder 142. Brace 141 is fastened to an underside surface of unload infeed 129 and further fastened to extender 144. Extender 144 is fastened to a backside surface of brace 141 and a front side surface of front brace 145. Front brace 145 is fastened on its backside surface to a frontside exterior surface of safe 130 and fastened on a portion of its frontside surface to extender 144.
Cassette port holder 142 comprises a hinged or pivot member 143 adapted to permit port holder 142 to extend away from brace 141 in a direction associated with an operator of system 100 (the depositor). This permits holder 142 to be rotated and pulled towards the depositor and cassette 140 inserted into holder 142 for loading and unloading of cassette 140.
Extender 144 provides a gap or space between brace 141 and front brace 145; the space or gap along with a location of where brace/bracket 141 is fastened to the underside surface of unload infeed 129 ensures that a port opening on cassette 140 aligns with and connects to a port opening on unload infeed 129B.
Extender 144 provides stability and reduction in force (weight) associated with cassette 140 when being loaded or when cassette 140 is fully loaded into port holder 142 on the underside of unload infeed 129B. This ensures that over time unload infeed 1296 is not pulled downward and loosened from its connection to transport intersection 129A.
An interface port/opening to cassette 140 aligns with and snaps into a corresponding interface port on unload feeder 129B when cassette 140 is fully loaded for a bulk deposit transaction into system 100.
Once loaded and snapped into place interface ports of both cassette 140 and unload infeed 129B align automatically at location E as labeled in
One now appreciates how system 100 and apparatus 170 provide bulk deposit transactions that do not require the depositor to manually feed the notes and/or checks associated with the deposit. This extends and enhances the ATM's existing capabilities and features by removing the valuable media bunch limit with respect to a maximum number of notes/checks, which is permissible through the ATM's existing pocket infeed.
Furthermore, security for the depositor is improved because a large deposit transaction does not require manually feeding pre-stacked bunches of valuable media into the pocket infeed, such that the deposit transaction is performed more quickly by the ATM reducing the depositor's time at the ATM for the transaction and thereby potential for attracting a robber or thief.
All of the ATM's existing note/bill validation, rejection, and return capabilities are processed normally on the notes and/or checks that are provided through cassette 140 with a modified note path 150 that intersects the normal/existing note path at the front transport 122. Similar notes or checks that are rejected are provided over a modified return note path 160 that comprises the normal/existing return note path at the transport intersection with a new unload feed return path for direct return to cassette 140. Both deposit path 150 and return path 160 add transport length to the ATM to account for a newly added unload infeed 129B, which is connected to transport intersection 129A on one end and connected to a port interface of a loaded cassette 140 on an opposite end. System 100 can comprise an existing ATM enhanced by adding apparatus 170 and by modifying existing deposit transaction processing for automatically recognizing, automatically providing a cassette-based or bulk deposit option for cassette 140, and automatically connecting with cassette 140 to obtain deposited notes and/or checks from cassette 140 rather than pocket infeed 121.
Bulk deposit manager causes valuable media housed within cassette 140 to be urged along path A 150 through depository/recycler 120 into escrow 125 or cassettes 131 and causes rejected valuable media that is returnable to the depositor to be returned along path B 160 from escrow 125 back into cassette 140.
At 510, the bulk deposit manager detects a media cassette 140 interfaced to an apparatus 170. The apparatus 170 is externally affixed to an ATM 100 during a deposit transaction being performed by a depositor at the ATM 100.
In an embodiment, at 511, the bulk deposit manager identifies the media cassette 140 as a source device for the media being deposited based on: a selection made by the depositor through a deposit transaction interface 110 of the ATM 100, based on an account setting associated with an account of the depositor, or based on an event raised by a depository/recycling device 120 of the ATM 100 indicating that the media cassette 140 is interfaced to the depository/recycling device 120 and loaded into the apparatus 170.
At 520, the bulk deposit manager processed the deposit transaction by feeding media drawn from the media cassette 140 through the depository/recycling module 120 of the ATM 100 into one or more of: an exception bin 127, an escrow 125, and second media cassettes 131 associated with a safe 130 of the ATM 100.
In an embodiment, at 530, the bulk deposit manager returns rejected ones of the media during the deposit transaction back to the media cassette 140 from the escrow 125.
The above description is illustrative, and not restrictive. Many other embodiments will be apparent to those of skill in the art upon reviewing the above description. The scope of embodiments should therefore be determined with reference to the appended claims, along with the full scope of equivalents to which such claims are entitled.
In the foregoing description of the embodiments, various features are grouped together in a single embodiment for the purpose of streamlining the disclosure. This method of disclosure is not to be interpreted as reflecting that the claimed embodiments have more features than are expressly recited in each claim. Rather, as the following claims reflect, inventive subject matter lies in less than all features of a single disclosed embodiment. Thus, the following claims are hereby incorporated into the Description of the Embodiments, with each claim standing on its own as a separate exemplary embodiment.
This application is a continuation of U.S. patent application Ser. No. 17/690,259, filed Mar. 9, 2022, which is a continuation of U.S. patent application Ser. No. 17/238,390, filed Apr. 23, 2021, now U.S. Pat. No. 11,328,563, which applications and publications are incorporated herein by reference in their entirety.
| Number | Name | Date | Kind |
|---|---|---|---|
| 20150243119 | Hayashi | Aug 2015 | A1 |
| 20180286164 | Lee | Oct 2018 | A1 |
| Number | Date | Country | |
|---|---|---|---|
| 20230230459 A1 | Jul 2023 | US |
| Number | Date | Country | |
|---|---|---|---|
| Parent | 17690259 | Mar 2022 | US |
| Child | 18125479 | US | |
| Parent | 17238390 | Apr 2021 | US |
| Child | 17690259 | US |
