Glory has been granted a patent for a valuable-medium monitoring system that detects circulation-unsuitable media. The system includes terminal devices that assess valuable mediums and transmit relevant information to a server, which stores and shares data on identified unsuitable media among connected devices. 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 July 2024 was 45%. Grant share is based on the ratio of number of grants to total number of patents.
Valuable-medium monitoring system for detecting unsuitable circulation media
The granted patent US12062260B2 outlines a valuable-medium monitoring system designed to identify and manage valuable media that are deemed unsuitable for circulation due to potential involvement in criminal activities. The system consists of multiple terminal devices and a server that facilitates communication between these devices. Each terminal device is equipped with a controller that extracts relevant information about the valuable medium, such as country, type, and serial number, to assess its suitability for circulation. If a medium is classified as circulation-unsuitable, the terminal transmits this information to the server, which stores data on various circulation-unsuitable media organized into groups. The server can then relay specific information about these media to other terminal devices based on predetermined conditions, such as proximity or partnership with a store.
Additionally, the patent details various types of information that can be associated with circulation-unsuitable media, including detection time, location, and user characteristics. The server's memory categorizes this information by risk levels, allowing for prioritized responses to detected media. The system is designed to enhance the monitoring of valuable media by enabling real-time communication and updates among terminal devices, thereby improving the detection and management of potentially illicit items. The patent also mentions the possibility of using a cloud server for data storage and processing, further emphasizing the system's adaptability and efficiency in monitoring valuable media in various environments.
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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.
