Glory has been granted a patent for a medium processing device with a transaction unit, cassette mounting unit, cassette processing unit, and a closing member. The device allows for the intake and output of medium through transaction and mounting ports, with the closing member selectively closing either port. 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 February 2024 was 50%. Grant share is based on the ratio of number of grants to total number of patents.
Medium processing device with transaction and cassette ports
The granted patent (Publication Number: US11928908B2) discloses a medium processing device comprising a housing, a transaction port for intake of a medium, a cassette mount for mounting a medium cassette, and a closing member to selectively close the transaction port or the cassette mount. The closing member is equipped with a placing surface where the medium cassette rests when the transaction port is closed. Additionally, the cassette mount is positioned above the transaction port, and the placing surface aligns with the bottom of the cassette mount when closed, facilitating the transfer of the medium.
Furthermore, the closing member can be manipulated to guide the medium cassette from the placing surface to the cassette mount, either by turning around an axis, extending or contracting, folding, or sliding along a rail. The design ensures efficient and secure handling of the medium, with the closing member's configuration allowing for seamless transition between closing the transaction port and the cassette mount. The patent also details the specific mechanisms involved in the folding action of the closing member, with a first member containing the placing surface and a second member facilitating the folding process, enhancing the overall functionality of the medium processing device.
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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.
