Glory has been granted a patent for a money handling system designed for easy integration into stores. The system includes a money handling apparatus, an operation terminal, and a function providing server for extended functions. It calculates transaction amounts, recognizes deposited money, and dispenses change when needed. Extended functions are accessible through the server for a fee. 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 January 2024 was 28%. Grant share is based on the ratio of number of grants to total number of patents.
Money handling system for stores with extended functions
A recently granted patent (Publication Number: US11887091B2) discloses a money handling system designed for use in stores. The system includes a money handling apparatus installed in the store, an operation terminal connected to the apparatus, and a function providing server that offers extended functions beyond basic checkout operations. The money handling apparatus calculates transaction amounts based on customer purchases, receives and counts deposited money, stores it, and dispenses change. The extended functions, accessible only when connected to the server via a network, include remote operation and approval features, with fees applicable based on usage.
Moreover, the patent details a method for money handling in stores, involving basic functions like checkout and extended functions provided by the function providing server. The system allows store clerks to select extended functions from a menu displayed on the operation terminal, with access granted only when connected to the server and upon payment of relevant fees. The function providing server also maintains a record of extended function usage in the store and associated fees, ensuring transparency and accountability in the system's operation.
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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.
