Augmented Reality Negotiable Instrument Simulator to Reduce Training Errors
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Solution Overview
Problem
Training individuals to handle negotiable instruments such as checks and money orders is costly and time-consuming due to the need for repeated submissions of poorly formatted images, leading to human errors.
Innovation Solution
A simulator using augmented reality to detect printed collateral in an environment, replace it with a negotiable instrument image, and provide an outcome of simulated negotiation, including remote deposit training and fraud detection.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If traditional training methods are used for handling negotiable instruments, then training can be conducted, but it is costly and time-consuming with repeated submissions of poorly formatted images
Solution Approach 1:
The patent uses virtual reality to create a virtual copy of the physical training environment and negotiable instruments. Trainees interact with virtual checks, money orders, and bank tellers instead of physical items, eliminating the need for repeated physical submissions and reducing training time while maintaining learning effectiveness
Solution Approach 2:
The patent replaces the mechanical process of physically submitting images and receiving feedback with a digital simulation system. The virtual reality system automatically evaluates trainee actions and provides immediate feedback, eliminating manual review processes and reducing overall training time
2Reliability
If traditional training methods are used for handling negotiable instruments, then training can be conducted, but human errors occur and costs increase
Solution Approach 1:
The virtual reality training system provides immediate and automatic feedback to trainees on their actions. When trainees attempt to handle or submit virtual negotiable instruments, the system instantly evaluates their actions and provides corrective feedback, helping them learn from mistakes without the need for repeated physical attempts and reducing human errors
Solution Approach 2:
By creating a virtual copy of the training environment, the system allows trainees to practice without the pressure of real-world consequences. The virtual simulation enables repeated practice scenarios where errors can be made and corrected safely, improving reliability through practice without the harmful effects of real-world mistakes
3Ease of operation
If physical training materials and repeated submissions are used, then practical experience is gained, but it is costly
Solution Approach 1:
The patent creates a virtual copy of physical training materials including negotiable instruments and bank environments. This virtual replica system provides the same practical experience trainees would gain from physical materials, but at a fraction of the cost by eliminating the need for physical inventory, repeated printing of training materials, and manual evaluation processes
Data Source
AI summary
A simulator for providing teaching and training related to negotiable instruments is disclosed. The provided simulation includes a simulated negotiable instrument. The simulator captures an image of a portion of an environment including a piece of printed collateral. The simulator then displays an augmented reality version of the environment. Displaying the augmented reality version of the environment includes detecting the printed collateral in the image, replacing the printed collateral in the image of the portion of the environment with an image of the negotiable instrument to yield an image depicting the portion of the environment as including the negotiable instrument, and presenting, the image depicting the portion of the environment as including the negotiable instrument. The simulator provides an indication of an outcome of a simulated negotiation of the negotiable instrument. Related methods and computer-readable media are disclosed.