Remote Cash Deposit via Mobile Image Validation

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Solution Overview

Problem

Individuals and businesses face challenges in securely and conveniently depositing large amounts of cash, as traditional methods require travel to fixed locations, which can be inconvenient and risky, especially for those with limited access or preferences.

Innovation Solution

A system and method for remote cash deposit using a user-generated request processed by a processor, which generates a machine-readable image for validation and confirmation, allowing cash to be deposited into an account without the need for traditional banking locations through collect-on-delivery services.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If traditional cash deposit methods are used at fixed banking locations, then security is improved, but convenience and accessibility deteriorate

Engineering Contradiction:

ImprovesecurityVSAvoidconvenience

Core Design Contradiction:

ReliabilityVSEase of operation

Solution Approach 1:

The patent introduces a courier service as an intermediary between the user and the banking system. The courier collects cash from the user at a remote location, validates it using a mobile device and machine-readable code, and then deposits it at the bank. This intermediary enables secure cash deposits without requiring the user to travel to a fixed banking location, thus resolving the contradiction between security and convenience.

Inventive Principle:

Principle #24Intermediary (Mediator)

Solution Approach 2:

The patent replaces the mechanical system of physical travel to banking locations with an electronic validation system. A mobile device captures an image of cash, extracts features, generates a machine-readable code, and validates the deposit remotely. This substitution of mechanical travel with electronic verification enables deposits from remote locations while maintaining security, resolving the contradiction between convenience and security.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

2Measurement precision

If traditional cash deposit methods are used at fixed banking locations, then validation accuracy is improved, but time consumption and travel requirements increase

Engineering Contradiction:

Improvevalidation accuracyVSAvoidtime consumption

Core Design Contradiction:

Measurement precisionVSLoss of time

Solution Approach 1:

The patent replaces the mechanical process of physical validation at the bank with an electronic image analysis system. The mobile device captures an image of the cash, extracts features such as denomination and serial number, and validates them against a database. This electronic validation maintains accuracy while eliminating travel time and enabling remote deposits, thus resolving the contradiction between validation accuracy and time consumption.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The patent performs preliminary validation actions before the actual deposit. The mobile device captures and validates the cash image, generates a machine-readable code, and pre-verifies the deposit details. This preliminary action ensures validation accuracy is achieved remotely before the courier physically deposits the cash, eliminating the need for time-consuming travel and on-site validation at the bank.

Inventive Principle:

Principle #10Preliminary action

3Ease of operation

If remote cash deposit systems are implemented, then convenience and accessibility are improved, but system complexity increases

Engineering Contradiction:

ImproveconvenienceVSAvoidsystem complexity

Core Design Contradiction:

Ease of operationVSDevice complexity

Solution Approach 1:

The patent implements a self-service system where the user independently captures the cash image, validates it using their mobile device, and generates the machine-readable code without bank staff assistance. The system automatically processes the validation and coordinates with the courier service. This self-service approach simplifies the user interface and reduces operational complexity despite the remote nature of the deposit, resolving the contradiction between convenience and system complexity.

Inventive Principle:

Principle #25Self-service

4Adaptability or versatility

If cash is kept for daily use, then liquidity is improved, but security risks increase

Engineering Contradiction:

ImproveliquidityVSAvoidsecurity risks

Core Design Contradiction:

Adaptability or versatilityVSObject-affected harmful factors

Solution Approach 1:

The patent introduces a courier service as an intermediary that securely transports cash between the user and the bank. This intermediary system enables users to maintain cash for daily liquidity needs while reducing security risks by providing a secure collection and deposit mechanism. The courier service handles the secure transportation and validation, resolving the contradiction between liquidity and security risks.

Inventive Principle:

Principle #24Intermediary (Mediator)

Data Source

PatentUS11526860B1Mobile cash deposit system and method

Publication Date: 2022.12.13 UNITED SERVICES AUTOMOBILE ASSOCIATION (USAA)

AI summary

An electronic cash deposit system includes a processor that receives a user-generated request for a deposit of cash into an account, receive data generated from a scan of a machine-readable image on a receptacle that receives the cash, perform a validation of the deposit of the cash based on a correlation between the data generated from the scan and a transaction key, generate confirmation of the deposit of the cash when the validation is confirmed, and send a notification to a banking system to update the account to reflect the deposit of the cash in response to the confirmation being generated.