Cash Handling Devices With QR Authentication for Touchless Transactions

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Solution Overview

Problem

Managing large quantities of paper cash efficiently and effectively in retail and financial institutions is challenging due to the difficulty in digitizing cash transactions and optimizing cash handling operations.

Innovation Solution

Deploying cash handling devices equipped with processors, communication interfaces, and small screen displays that utilize QR codes for authentication and enable touchless transactions, integrating with mobile devices for pre-staged transaction processing, and providing real-time cash management through artificial intelligence.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Productivity

If traditional cash handling methods are used, then physical cash transactions can be processed, but efficiency and management effectiveness deteriorate due to manual operations and lack of real-time monitoring

Engineering Contradiction:

Improvecash handling efficiencyVSAvoidtime for cash management operations

Core Design Contradiction:

ProductivityVSLoss of time

Solution Approach 1:

The patent replaces manual mechanical cash handling operations with an automated cash handling device that uses optical scanning, magnetic reading, and digital processing to identify, validate, and manage cash transactions. The device substitutes human operators with automated systems including processors, memory units, and communication interfaces that execute transactions without manual intervention.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The cash handling device enables self-service functionality where the system automatically performs cash identification, validation, counting, and transaction processing without requiring manual operation. The device autonomously manages cash inventories, generates reports, and communicates with backend systems, allowing the cash handling process to serve itself rather than requiring continuous human oversight.

Inventive Principle:

Principle #25Self-service

2Ease of operation

If manual cash handling operations are used, then flexibility in handling various cash scenarios is maintained, but device complexity and operational difficulty increase

Engineering Contradiction:

Improveease of cash transaction processingVSAvoidcomplexity of cash handling system

Core Design Contradiction:

Ease of operationVSDevice complexity

Solution Approach 1:

The patent combines multiple cash handling functions including identification, validation, counting, sorting, and transaction processing into a single integrated device. The system merges optical scanning, magnetic reading, digital communication, and mechanical cash handling capabilities into one unified platform that simplifies operations while managing complexity internally through standardized interfaces and centralized control.

Inventive Principle:

Principle #5Merging (Combining)

3Loss of information

If physical cash transactions are processed traditionally, then cash can be handled, but digitization and real-time monitoring capabilities are lost

Engineering Contradiction:

Improvereal-time cash position informationVSAvoidlevel of digitalization in cash handling

Core Design Contradiction:

Loss of informationVSExtent of automation

Solution Approach 1:

The cash handling device incorporates real-time feedback mechanisms where the processor continuously monitors cash transactions, updates inventory levels, and communicates cash position information to backend systems and user interfaces. The system provides immediate feedback on transaction status, cash availability, and system operations, enabling real-time decision-making and monitoring without information loss.

Inventive Principle:

Principle #23Feedback

Data Source

PatentUS12424049B2Intelligent cash handling

Publication Date: 2025.09.23 BANK OF AMERICA CORP

AI summary

Aspects of the disclosure relate to cash handling devices that provide intelligent monitoring and management of cash cycles. A cash handling device having at least one processor, a communication interface, and memory may receive, from a mobile device, a request to process a pre-staged transaction. Subsequently, the cash handling device may generate and present a graphical identifier based on the mobile device requesting access to the cash handling device. Next, the cash handling device may verify that the mobile device is authorized to perform the pre-staged transaction based on the graphical identifier being scanned by the mobile device and cause a connection to be established between the cash handling device and the mobile device. Thereafter, the cash handling device may identify and process the pre-staged transaction associated with the mobile device. Then, the cash handling device may generate a notification indicating completed processing of the identified pre-staged transaction.