Light emitting apparatus for cash verification and remote deposit

An apparatus for cash verification and remote deposit, said apparatus comprising:

• a light;
• a camera;
• and
• a processor that has access to a database, said database comprising a set of features, wherein each feature from the set of features is associated with one or more bill denominations and bill versions;
• wherein the processor is configured to:
• receive credentials to authenticate a login of a user to a mobile app, said mobile app that is associated with a first financial entity;
• receive an instruction from the user, via the mobile app, to deposit a bill of cash at a physical location associated with a second financial entity, said second financial entity that is different from the first financial entity;
• illuminate, with the light, a front face of the bill;
• capture, with the camera, an image of the illuminated front face;
• illuminate, with the light, a back face of the bill;
• capture, with the camera, an image of the illuminated back face;
• extract, using image processing software, a first tier of features from the images, said first tier of features comprising:
• an alphanumerical serial number;
• an alphabetical representation of a bill denomination;
• a numerical representation of the bill denomination;
• and
• a portrait;
• based on the first tier of features, determine a denomination and a version of the bill;
• when the denomination exceeds a predetermined first threshold denomination and the version is within a predetermined range of versions, extract, using the image processing software, a second tier of features, said second tier of features comprising a watermark and a security thread;
• when all of the extracted features are associated with the same denomination and version, and all of the features that are associated with said denomination and version are detected, verify the bill;
• and
• when the bill is verified and a message is received, from the second financial entity, confirming that the second financial entity received the bill, deposit an amount corresponding to the denomination in an account, associated with the user, at the first financial entity.