News Column

Patent Issued for Banknote Processing System and Method

September 3, 2014



By a News Reporter-Staff News Editor at Journal of Engineering -- A patent by the inventors Li, Yedong (Guangzhou, CN); Sun, Zhiqiang (Guangzhuo, CN); Ha, Yanwen (Guangzhou, CN), filed on November 10, 2011, was published online on August 19, 2014, according to news reporting originating from Alexandria, Virginia, by VerticalNews correspondents.

Patent number 8807316 is assigned to GRG Banking Equipment Co., Ltd. (Guangzhou, Guangdong, CN).

The following quote was obtained by the news editors from the background information supplied by the inventors: "An ATM (Automatic Teller Machine) has been widely used in various commercial banks and for postal saving. The ATM operates in the 24-hour self-help manner, which brings people great convenience.

"In an ATM automatic banknote adding system, all of cash recycling ATMs, cash deposit ATMs and banknote adding machines share a same kind of banknote boxes. The banknote box itself has an information memory for storing information on banknotes in the banknote box. Each banknote box has a physical ID number which is globally unique, so as to be able to distinguish from each other. The automatic banknote adding system may directly transmit a banknote box which is full of banknotes in a cash deposit ATM to a cash outputting ATM, and the cash outputting ATM automatically gets the information on the banknote in the banknote box, so as to automatically add banknotes. The banknote box may be changed at any moment at will between all banknote processing machines in the automatic banknote adding system, and information on each replacing banknote box is uploaded to a server of a bank through each ATM so as to record corresponding data, thus no man-made count is needed, so that the efficiency of processing banknote is greatly improved.

"Presently, if an ATM is used for cash withdrawal, the ATM may send unqualified banknotes to a recovery part. However, information (including the number and face values of the banknotes) on the banknotes sent to the recovery part cannot be correctly determined. Therefore, it is impossible to accurately obtain the information on the residual banknotes in the banknote box.

"For example, if a certain banknote is in an unqualified status such as an overlapped banknote or an adhesion banknote) when the banknote is output from a cash recycling ATM, it can be determined that the banknote is in the abnormal status by measuring the thickness or width, and thus the banknote is recovered. However, it is very difficult to determine the number of the recovered banknotes (taking the overlapped banknotes as an example, it is impossible to determine whether three or two banknotes are overlapped; and if there is adhesive substance on one banknote, the banknote may also be mistakenly determined as two banknotes). Therefore, it is unable to accurately track the information on the residual banknotes in the banknote box. To accurately obtain the information on banknotes in the banknote box is an important prerequisite for the ATM to automatically add banknotes."

In addition to the background information obtained for this patent, VerticalNews journalists also obtained the inventors' summary information for this patent: "The technical problem to be solved by the present invention is to provide a banknote processing system and method, which may ensure the accurate flow of the banknotes in the banknote box and guarantee the information on the banknotes in the banknote box to be accurate.

"In order to solve the above technical problem, the embodiment of the present invention provides a banknote processing method, including the steps of:

"S1: detecting a banknote which is input into or output from a physical banknote box to obtain inherent information on the banknote; and updating a virtual electronic banknote box according to the inherent information on the banknote;

"wherein the inherent information is identification information for distinguishing various banknotes; the virtual electronic banknote box is an aggregate of the inherent information on banknotes, the inherent information in the virtual electronic banknote box and the banknotes in the physical banknote box have one-to-one mapping relationship with each other, and the storage order of the inherent information and the stacking order of the banknotes in the physical banknote box are the same; and

"S2: determining information on the banknote in the physical banknote box according to the information in the virtual electronic banknote box.

"Correspondingly, the embodiment of the present invention also provides a banknote processing system, including a terminal machine, an identification unit, a physical banknote box, a banknote box information memory and a main control unit.

"The terminal machine is configured to deal with cash deposit transaction and/or cash withdrawal transaction.

"The identification unit is configured to, during cash deposit or withdrawal via the terminal machine, detect a banknote which is input into or output from the physical banknote box to get inherent information on the banknote. The inherent information is identification information for distinguishing various banknotes.

"The main control unit is configured to update the virtual electronic banknote box according to the inherent information on the banknote obtained by the identification unit; and to determine information on the banknotes in the physical banknote box according to the information in the virtual electronic banknote box. The virtual electronic banknote box is an aggregate of the inherent information on banknotes. The inherent information in the virtual electronic banknote box and the banknotes in the physical banknote box have one-to-one mapping relationship with each other, and the storage order of the inherent information and the stacking order of the banknotes in the physical banknote box are the same.

"The physical banknote box is configured to store banknotes.

"Both the physical banknote box and the virtual electronic banknote box are in a first-in last-out stack mode. A primary pointer and a secondary pointer are used to track the inherent information in the virtual electronic banknote box; and during initialization, the primary pointer and the secondary pointer point to the stack top of the virtual electronic banknote box.

"The physical banknote box itself has a banknote box information memory for storing a virtual electronic banknote box and a banknote box information table. The banknote box information table includes information on attribute of the physical banknote box, the number of the banknotes and face values of the banknotes.

"In the banknote processing system and method provided by the embodiments of the present invention, the virtual electronic banknote box which has one-to-one mapping relationship with the banknotes in the physical banknote box is established. When a banknote is input into or output from the physical banknote box, the inherent information in the virtual electronic banknote box is synchronously updated. Thus, the information on the banknotes in the physical banknote box may be determined from the information in the virtual electronic banknote box. Therefore, the accurate flow of the banknotes in the physical banknote box is ensured, the information on the banknotes in the physical banknote box may be guaranteed to be accurate, which may provide accurate banknote box information to the automatic banknote adding system."

URL and more information on this patent, see: Li, Yedong; Sun, Zhiqiang; Ha, Yanwen. Banknote Processing System and Method. U.S. Patent Number 8807316, filed November 10, 2011, and published online on August 19, 2014. Patent URL: http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=8807316.PN.&OS=PN/8807316RS=PN/8807316

Keywords for this news article include: GRG Banking Equipment Co. Ltd.

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Source: Journal of Engineering


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