Money Handling System Multi-Institution Fund Segmentation
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Solution Overview
Problem
The management of money stored in a shared money handling device among multiple financial institutions is problematic, as existing systems lack efficient methods to distinguish and track funds belonging to different institutions.
Innovation Solution
A money handling system that includes a money handling device installed in a shared property accommodating multiple financial institutions, and a computer system that manages information about the money processed by the device, distinguishing between funds belonging to different institutions and updating records accordingly.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If a single money handling device is shared by multiple financial institutions, then device utilization efficiency is improved, but difficulty in distinguishing and managing funds belonging to different institutions increases
Solution Approach 1:
The patent segments the management of funds by introducing unique identification information for each financial institution's money. The storage units are logically divided into first storage units for first financial institution's money and second storage units for second financial institution's money, allowing the single physical device to manage multiple institutions' funds separately through identification-based segmentation.
Solution Approach 2:
The patent uses information copying rather than physical separation. Each money unit is assigned identification information that copies the financial institution's identity, allowing the system to track and manage funds from different institutions without requiring separate physical storage spaces. The management computer stores and processes this identification information to distinguish between institutions.
2Loss of energy
If a single money handling device is shared by multiple financial institutions, then cost of fund settlement is reduced, but reliability of fund tracking and management decreases
Solution Approach 1:
The patent implements feedback mechanisms where the management computer continuously tracks and updates information about money units based on their identification information. The system provides feedback on the location and status of each money unit, ensuring reliable tracking. When money is moved between storage units or during collection/replenishment operations, the management computer updates records to maintain accurate tracking for each financial institution.
Solution Approach 2:
The management computer acts as an intermediary between the money handling device and multiple financial institutions. It mediates the tracking and management of funds by storing and processing identification information, ensuring that each institution's funds are reliably tracked without requiring separate physical handling systems. The intermediary manages the complexity of multi-institution tracking while maintaining reliability.
Data Source
AI summary
The money handling system includes: a money handling device that is installed in a property accommodating first and second financial institutions and that is configured to perform a first money handling process for a transaction of the first financial institution and a second money handling process for a transaction of the second financial institution; and a computer configured to manage information about the money stored in the money handling device, and configured to distinguish, as the management, between money belonging to the first financial institution and money belonging to the second financial institution, wherein the computer updates the information about the money of the first financial institution in a case where the money handling device performs the first money handling process, and updates the information about the money of the second financial institution in a case where the money handling device performs the second money handling process.