Visible and accessible escrow systems and methods
AssigneeCapital One Services, LLC
InventorStephen van Beek Faletti
Life of this patent
Estimating the term…
Abstract
Disclosed herein are systems and methods for processing financial instruments in ATMs or other processing devices. A user can deposit financial instruments, such as cash or a check, into the ATM, to be processed to determine the monetary value of the financial instruments. Once counted and valued, the financial instruments can be dropped into an escrow chamber. The escrow chamber can have a door or gate such that the financial instruments are visible, but not accessible during the transaction. If the customer discovers an error during the transaction, the door or gate can transition to an open state allowing the customer to retrieve the financial instruments.
Claims20
A financial instrument processing device, comprising:
- a receiving slot configured to receive one or more financial instruments from a customer;
- a financial instrument processing unit in communication with the receiving slot, the financial instrument processing unit configured to produce a value for the one or more financial instruments;
- an escrow chamber in communication with the financial instrument processing unit, the escrow chamber having a secure state and an open state, the escrow chamber comprising a window disposed on a front area of the financial instrument processing device such that the one or more financial instruments are visible, but not accessible, in the secure state;
- and
- a financial instrument storage unit in communication with the escrow chamber.
An escrow device, comprising:
- a housing defining an interior chamber;
- and
- a door, disposed on the housing and having an open state and a secure state, the door accessible from an exterior surface of the housing, the door providing access to the interior chamber in the open state, and the interior chamber at least partially visible in the secure state.
A financial instrument processing device, comprising:
- an escrow chamber in communication with a financial instrument processing unit, the escrow chamber comprising:
- a housing defining an interior chamber configured to receive one or more financial instruments;
- and
- a door connected to the housing and accessible from a front area of the financial instrument processing device, the door having a secure state and an open state, the door providing access to the interior chamber in the open state, the interior chamber being at least partially visible in the secure state such that the one or more financial instruments are visible in the escrow chamber, but not accessible, when the one or more financial instruments are in the escrow chamber and the escrow chamber is in the secure state.
Dependencies are inferred from the claim text.