System and method for detecting currency geniuness
OwnerSwarna Kumari Adariinventor
Life of this patent
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Abstract
The present invention is a system and method to equip the ATM (Automated Teller Machine) with the special hardware to detect the each currency note to determine whether that note is a legal tender or not. The counterfeited currency hardware will work with computer executable instructions to detect counterfeited notes while feeding and dispensing in to and from the ATM machine respectively. The aim of the invention is to negligate the chance of counterfeited currency being fed and dispense from the ATM.
Claims12
A device for currency genuineness detection, the device comprising:
- at least one currency inlet slot;
- at least one currency exiting slot;
- a memory having a set of executable instructions, wherein the execution of said set of instructions by one or more processors causes said one or more processors to:
- scan a currency received at the at least one currency inlet slot to detect genuineness of said scanned currency;
- and
- exit, if said scanned currency is genuine, through the at least one currency exiting slot;
- or
- separate, if said scanned currency is not genuine, said scanned currency into a collector.
The device as claimed in claim 6, wherein said pre-determined characteristic of said genuine currency are selected at least from observe through register, optically variable ink (OVI), latent image, identification mark, water mark, intaglio printing, security thread, and micro lettering.
Dependencies are inferred from the claim text.