Invention Grant
- Patent Title: Systems and computer-implemented processes for depositing, withdrawing, and reusing currency for purchase transactions using an intelligent teller machine
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Application No.: US14829014Application Date: 2015-08-18
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Publication No.: US10339507B2Publication Date: 2019-07-02
- Inventor: Adam R. Koeppel , Alex Leo Niderberg
- Applicant: Capital One Financial Corporation
- Applicant Address: US VA Mclean
- Assignee: CAPITAL ONE SERVICES, LLC
- Current Assignee: CAPITAL ONE SERVICES, LLC
- Current Assignee Address: US VA Mclean
- Agency: Finnegan, Henderson, Farabow, Garrett & Dunner LLP
- Main IPC: G06Q20/10
- IPC: G06Q20/10 ; G07F19/00 ; G06Q20/40 ; G06Q30/06 ; G06Q40/02

Abstract:
Systems and methods are disclosed for the deposit, withdrawal, and reuse of currency for transactions. According to disclosed embodiments, an intelligent teller machine (ITM) is configured to receive currency as payment for a transaction, to calculate and dispense any change due, and to request that the net value of the transaction (e.g., the revenue) be deposited into the financial account of the business. The currency received by the ITM is also available to make change for future purchase transactions.
Public/Granted literature
Information query