Cash Transfer Robot With Counted Intake and Locked Vault Handoff
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Solution Overview
Problem
Financial institutions face challenges in securely transferring and monitoring physical money within their premises, as existing surveillance systems require extensive camera coverage and multiple personnel to prevent theft, which can be inefficient and prone to blind spots.
Innovation Solution
A robotic device equipped with a receiving interface, counter mechanism, storage vault, and control circuit for transporting and tracking physical money, along with a financial institution computing system that enables network communication for money transfer requests and tracking data, allowing the robotic device to autonomously move and secure the money within the institution.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If extensive camera coverage and multiple personnel are deployed to prevent theft, then security monitoring capability is improved, but system complexity and operational costs increase
Solution Approach 1:
The robotic device autonomously performs money transport and tracking functions without requiring human operators. The robot navigates independently, secures money in its vault, and automatically reports location and status, enabling the system to monitor and secure itself without external intervention.
Solution Approach 2:
The patent replaces the mechanical surveillance system (multiple cameras and personnel) with an autonomous robotic system that physically transports money while tracking its own location via GPS or other positioning systems, simplifying the overall security architecture.
2Reliability
If extensive camera coverage is deployed to monitor money transfer, then security monitoring is improved, but loss of time and operational efficiency worsen due to setup and maintenance requirements
Solution Approach 1:
The robotic device autonomously performs money transport and tracking functions without requiring human operators. The robot navigates independently, secures money in its vault, and automatically reports location and status, enabling the system to monitor and secure itself without external intervention.
3Reliability
If multiple personnel are used to transfer money, then security against theft is improved, but productivity decreases due to coordination requirements
Solution Approach 1:
The robotic device autonomously performs money transport and tracking functions without requiring human operators. The robot navigates independently, secures money in its vault, and automatically reports location and status, enabling the system to monitor and secure itself without external intervention.
Solution Approach 2:
The patent extracts the human operators from the money transport process, removing them from direct involvement in handling and transporting cash. This eliminates coordination requirements and potential human error while maintaining security through automated tracking and reporting.
Data Source
AI summary
A robotic device for transporting physical money including a receiving interface, a counter mechanism, a storage vault, and a control circuit. The receiving interface receives physical money. The counter mechanism is connected to the receiving interface and receives and counts the physical money inserted into the receiving interface. The storage vault stores the physical money counted by the counter mechanism and remains closed when the robotic device is at a first location. The control circuit determines an amount of physical money stored in the storage vault based on the counted physical money, controls a drive system of the robotic device to cause the robotic device to travel from the first location to a second location, and opens the storage vault when the robotic device reaches the second location.