Automated Banking Machine Removable Container Storage
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Automated banking machines lack efficient methods for accepting, storing, and processing financial instruments like currency bills and checks, particularly in ensuring their authenticity and secure storage.
Innovation Solution
An automated banking machine system that reads data from user cards and manually input data to authorize transactions, uses sensors to image and authenticate financial instruments, and stores them in removable containers with contactless sensing for accurate positioning and secure storage.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If automated banking machines use traditional storage methods for financial instruments, then the structure is simple, but the security and authenticity verification is insufficient
Solution Approach 1:
The storage system is divided into multiple independent containers that can be removed and serviced separately. Each container holds financial instruments and can be independently accessed, replaced, or serviced without affecting the entire system, thereby improving security while maintaining manageable complexity.
Solution Approach 2:
A removable container acts as an intermediary between the automated banking machine and the stored financial instruments. This intermediary component allows for secure storage while enabling easy servicing and replacement, resolving the contradiction between security requirements and serviceability.
2Ease of repair
If financial instruments are stored in fixed storage locations, then the structure is simple, but servicing and replacement are difficult
Solution Approach 1:
The storage system transitions from fixed storage locations to dynamic, removable containers. The containers can be easily removed from and installed into the automated banking machine, allowing for simple servicing and replacement while maintaining a relatively simple overall structure through standard mechanical interfaces.
3Measurement precision
If traditional card reading methods are used, then the system is simple, but data accuracy and authentication reliability are insufficient
Solution Approach 1:
Multiple data reading methods are merged into a single authentication system. The system combines card reader technology with manually input data verification, allowing the machine to read data from cards while also accepting manual input, thereby improving data accuracy and authentication reliability through redundant verification methods.
Data Source
AI summary
An automated banking machine is operative to cause financial transfers responsive at least in part to data read from data bearing records. The automated banking machine includes a card reader that is operative to read card data from user cards corresponding to financial accounts. The automated banking machine is operative to cause a determination to be made that read card data corresponds to stored data for an account authorized to carry out transactions that transfer and/or allocate funds between accounts. The automated banking machine is further operative to provide users with a receipt for transactions conducted. The automated banking machine is operative to cause the value of cash dispensed or received to be assessed or credited to the financial accounts corresponding to card data.