Automatic funds processing system

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 5982918
SERIAL NO

08664262

Stats

ATTORNEY / AGENT: (SPONSORED)

Importance

Loading Importance Indicators... loading....

Abstract

See full text

A funds processing system receives, dispenses, and sorts currency and substantially immediately furnishes an associated accounting system with data, including the value of the currency processed, in a single transaction. The system determines the denomination of the received currency, sorts the received currency, generates electrical signals representing the amount of received currency in each denomination in each batch of currency received, has a memory for receiving data representing the amount of each denomination of currency received. The system also contains a controller for transferring data from the memory to the associated cash accounting system so that deposits and withdrawals executed at the funds processing system are entered in the accounting system substantially immediately after the execution of the deposits and withdrawals. The system dispenses currency based upon the amount of received currency and the amount deposited into the accounting system.

Loading the Abstract Image... loading....

First Claim

See full text

Family

Loading Family data... loading....

Patent Owner(s)

Patent OwnerAddress
CUMMINS-ALLISON CORP852 FEEHANVILLE DRIVE MT PROSPECT IL 60056

International Classification(s)

  • [Classification Symbol]
  • [Patents Count]

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Jones, William J Kenilworth, IL 175 23584
Mennie, Douglas U Barrington, IL 195 27251
Munro, Mark C Park Ridge, IL 42 7459

Cited Art Landscape

Load Citation

Patent Citation Ranking

Forward Cite Landscape

Load Citation