Automated Currency Tracking and Verification

Example 2

Currency in a bank is formed into stacks of 50 bills each. Each bill is tagged with a semi-transparent RF device. Several of the stacks are placed in a bag. Prior to passing the bag to the armored car service, the bag is scanned and the value of the currency is recorded electronically and potentially sent to a central server accessible via a network. A paper report can also be provided to the bank and/or armored car service personnel. Upon arrival of the armored car at the Federal Reserve depository, the sealed bag is again scanned and the value is compared to the value it had when it left the bank.

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US11861442B2. Polymer for coupling to an RFID circuit (2024-01-02). None [US]. Inventors: Roger Green Stewart [US].

Patent 2024

Device Polymer

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Variable analysis

independent variables

Scanning the bag of currency before and after passing to the armored car service

dependent variables

Value of the currency recorded electronically
Value of the currency compared between the bank and the Federal Reserve depository

control variables

Number of bills in each stack (50 bills)
Use of semi-transparent RF devices to tag each bill
Sealing the bag of currency before passing to the armored car service

Annotations

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