System and method of providing replenishment and pick-up services to one or more cash handling devices

Patent metadata

Field	Value
Publication number	US-9311671-B2
Application number	US-27784708-A
Country	US
Kind code	B2
Filing date	Nov 25, 2008
Priority date	Nov 25, 2008
Publication date	Apr 12, 2016
Grant date	Apr 12, 2016

Abstract

A transport carrier (i.e., an armored vehicle or any mode of transportation) may be equipped with cash storage and recycling capabilities. The transport carrier may be equipped to replenish funds as needed and/or pick up a surplus of funds. The transport carrier may be in communication with a financial institution and/or a central server. In some arrangements, the central server may dynamically route the transport carrier to cash handling devices as various locations in order to efficiently meet the needs of the devices and associated clients.

First claim

What is claimed is:

1. A method of transferring cash between locations, comprising:
determining, by a central server comprising a first processor and a first communication interface, a prescheduled route for a transport carrier vehicle conducting transport carrier transactions, the transport carrier vehicle being equipped with a transport carrier communication device having a second processor and a second communication interface;
after determining the prescheduled route, receiving, by the central server, via the first communication interface, from a first cash handling device at a first location, a request from the first cash handling device for a transaction at the first location, the first location not being part of the prescheduled route;
rerouting, by the central server, the transport carrier vehicle to the first location to complete the requested transaction at the first cash handling device at the first location using funds on board the transport carrier vehicle;
receiving, by the central server, via the first communication interface, from the transport carrier communication device on the transport carrier vehicle, a transmission from the transport carrier communication device, the transmission from the transport carrier communication device comprising a denomination description of a portion of funds on board the transport carrier vehicle used to complete the requested transaction at the first location; and
transmitting, by the central server, via the first communication interface, to a financial institution server, information regarding the transaction at the first location, wherein the information regarding the transaction at the first location comprises instructions for the financial institution server to credit or debit an account associated with the first location by an amount corresponding to the portion of the funds on board the transport carrier vehicle used to complete the requested transaction at the first location.

2. The method of claim 1 , wherein transmitting the information regarding the transaction at the first location comprises transmitting instructions for the financial institution server to debit or credit a client account at the financial institution.

3. The method of claim 1 , wherein transmitting the information regarding the transaction at the first location comprises transmitting instructions for the financial institution server to debit or credit an internal account.

4. The method of claim 1 , wherein the request from the first cash handling device for the transaction at the first location is an on-demand request.

5. The method of claim 1 , wherein the request from the first cash handling device for the transaction at the first location is an emergency request.

6. A method of transferring cash between locations, comprising:
transmitting, by a central server comprising a first processor and a first communication interface, from the central server to a first transport carrier vehicle, a prescheduled route, the prescheduled route including a plurality of locations for the first transport carrier vehicle to visit, the first transport carrier vehicle being equipped with a transport carrier communication device having a second processor and a second communication interface;
after transmitting the prescheduled route, receiving, by the central server, via the first communication interface, from a first cash handling device at a first location, a request from the first cash handling device for a transaction at the first location, the first location not being on the prescheduled route, the request from the first cash handling device for the transaction at the first location comprising a denomination description of the transaction;
determining, by the central server and based on one or more transmissions received by the central server via the first communication interface from the transport carrier communication device on the first transport carrier vehicle and the denomination description of the transaction, that the first transport carrier vehicle is equipped with funds having proper denomination to complete the transaction requested by the first cash handling device at the first location;
rerouting, by the central server, the first transport carrier vehicle to the first location to complete the transaction requested by the first cash handling device at the first location;
receiving, by the central server and via the first communication interface, from the transport carrier communication device on the first transport carrier vehicle, an indication that the first transport carrier vehicle has completed the transaction requested by the first cash handling device at the first location; and
transmitting, by the central server, via the first communication interface, and to a financial institution server associated with the first location, instructions to credit or debit an account associated with the first location by an amount corresponding to funds exchanged to complete the transaction requested by the first cash handling device at the first location.

7. The method of claim 6 , wherein the transaction requested by the first cash handling device is completed using funds on board the first transport carrier vehicle.

8. The method of claim 7 , wherein the transaction requested by the first cash handling device is completed without obtaining additional funds from a financial institution.

9. The method of claim 7 , wherein the transaction requested by the first cash handling device is completed without obtaining additional funds from a centralized location.

10. The method of claim 6 , further comprising determining, by the central server, whether the first transport carrier vehicle should resume the prescheduled route upon completion of the transaction requested by the first cash handling device.

11. The method of claim 10 , further comprising:
upon determining that the first transport carrier vehicle should resume the prescheduled route, transmitting, by the central server, via the first communication interface, to the transport carrier communication device on the first transport carrier vehicle, an indication to resume the prescheduled route.

12. The method of claim 10 , further comprising:
upon determining that the first transport carrier vehicle should not resume the prescheduled route, rerouting, by the central server, the first transport carrier vehicle to a second location not on the prescheduled route.

Assignees

• Folk Amy Baker
• Bohen Daniel Christopher
• Hensley Veralyn
• Heddleson James
• Nichols Michelle
• Atwood Todd
• Bank Of America

Inventors

• Folk Amy Baker
• Bohen Daniel Christopher
• Hensley Veralyn
• Heddleson James
• Nichols Michelle
• Atwood Todd

Classifications

• G06Q20/10

  specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems · CPC title

• G06Q40/00 Primary

  Finance; Insurance; Tax strategies; Processing of corporate or income taxes · CPC title

• H04W4/02

  Services making use of location information · CPC title

• H04W4/024

  Guidance services · CPC title

• G06Q10/08355 Primary

  Routing methods · CPC title