List of patents
System And Method For Detecting Currency Geniuness.
- Mrs. Swarna Kumari Adari
- Mrs. Swarna Kumari Adari
- IN201841018501
- India
- no
- IT
- 17/05/2018
- listing
- Problems with prior art are: >It is difficult to prove for the customer that the counterfeited note is released from that particular bank ATM and also for the bank officials to identify the person who deposited the counterfeited currency to the system/ Advantages of the present invention: >The invention is capable of detecting fake currency. >The system may be install with the existing ATM. The money which we withdraw from ATM is genuine because the fake currency is detected and removed by the system.
Abstract
The present invention is a system and method to equip the ATM (Automated Teller Machine) with the special hardware to detect the each currency note to determine whether that note is a legal tender or not. The counterfeited currency hardware will work with computer executable instructions to detect counterfeited notes while feeding and dispensing in to and from the ATM machine respectively. The aim of the invention is to negligate the chance of counterfeited currency being fed and dispense from the ATM.
