Invention Grant
- Patent Title: Efficient movement and storage of funds
- Patent Title (中): 有效运作和储存资金
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Application No.: US12406181Application Date: 2009-03-18
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Publication No.: US08096398B2Publication Date: 2012-01-17
- Inventor: Amy Baker Folk , Daniel Christopher Bohen
- Applicant: Amy Baker Folk , Daniel Christopher Bohen
- Applicant Address: US NC Charlotte
- Assignee: Bank of America Corporation
- Current Assignee: Bank of America Corporation
- Current Assignee Address: US NC Charlotte
- Agency: Banner & Witcoff, Ltd.
- Agent Michael A. Springs
- Main IPC: G07F7/04
- IPC: G07F7/04

Abstract:
A method of efficiently transferring and storing funds in a cash handling device is presented. In some arrangements, funds will be deposited into the cash handling device and transferred directly to an overflow cassette for storage and transport, rather than being transferred to a traditional storage unit, such as a recycle unit. Prior to transferring the funds, a determination may be made as to the level in the recycle unit. If the level is above a predetermined threshold, the level in the overflow cassette will be evaluated to determine if that level is below a predetermined threshold. If so, the funds will be directly transferred from deposit to the overflow cassette thereby minimizing the processing, movement, etc. of the deposited bills to reduce risk of jams, malfunction, service issues, etc.
Public/Granted literature
- US20100236996A1 Efficient Movement And Storage Of Funds Public/Granted day:2010-09-23
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