Glory has filed a patent for a money handling method that involves a money handling device dispensing money stored in a storage unit in response to a user’s request. If a predetermined condition is met, a second device refills the storage unit with money. If the money handling device is being used by the user at the time of the refill, the refill is suspended and completed after the user is done. GlobalData’s report on Glory gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Glory, Virtual banking assistant was a key innovation area identified from patents. Glory's grant share as of September 2023 was 28%. Grant share is based on the ratio of number of grants to total number of patents.
Money handling method with suspended refill for storage unit
A recently filed patent (Publication Number: US20230316845A1) describes a money handling method and system that aims to improve the efficiency of money dispensing and refilling processes. The method involves a money handling device that dispenses money stored in a storage in response to a user's request. If a predetermined condition, such as a scheduled refill time, is met, a second device refills the storage with money. However, if the money handling device is being used by the user at the start of the refill, the refill is suspended by the second device and performed after the user has finished using the money handling device.
During the suspension of the refill, the money handling device notifies the user of the suspension. If the user requests an interruption during this time, the second device performs the suspended refill, and the interrupted use of the money handling device is resumed after the refill is completed. The execution or non-execution of the suspended refill is determined based on processing executed by the money handling device during the suspension. For example, if the money handling device executes dispensing or collection processing during the suspension, the refill is executed. However, if the money handling device executes depositing processing, the refill is not executed unless the inventory amount in the storage is less than a predetermined amount.
The money handling system described in the patent includes a money handling device and a second device connected to it. The second device is responsible for refilling the storage with money when the predetermined condition is met. If the money handling device is in use at the start of the refill, the second device suspends the refill and performs it after the user has finished using the money handling device.
Overall, this patent introduces a method and system that optimize the money handling process by efficiently managing refills based on user activity and inventory levels. By suspending refills during user interaction and considering various factors such as processing executed by the money handling device and inventory amounts, the method aims to enhance the user experience and ensure the availability of money when needed.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
