Invention Grant
- Patent Title: Systems and methods for distribution of cash
- Patent Title (中): 现金分配制度和方法
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Application No.: US12173394Application Date: 2008-07-15
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Publication No.: US08657187B1Publication Date: 2014-02-25
- Inventor: Timothy Tuo Li , Ganesh Swaminathan , James P. Sutton
- Applicant: Timothy Tuo Li , Ganesh Swaminathan , James P. Sutton
- Applicant Address: US NY New York
- Assignee: JPMorgan Chase Bank, N.A.
- Current Assignee: JPMorgan Chase Bank, N.A.
- Current Assignee Address: US NY New York
- Agency: Hunton & Williams LLP
- Main IPC: G06K7/00
- IPC: G06K7/00

Abstract:
The invention provides systems and methods for transferring cash to and from branch banks. The method may include the steps of inputting first data relating to cash usage at a plurality of branch banks; inputting second data relating to cash usage at the particular branch bank, the second data including a known ending balance at the particular branch bank; and assimilating the first data and the second data to constitute forecasting data; and performing forecast processing to determine an amount of cash to be transferred to or from the branch bank. The forecast processing may include (1) forecasting a cash in amount and forecasting a cash out amount based on the forecasting data, and generating a projected ending balance based on the forecasted cash in amount, the forecasted cash out amount, and the known ending balance; (2) generating a forecasted ending balance; and (3) comparing the projected ending balance with the forecasted ending balance to determine a cash shipment amount. The method may also include generating a cash transfer request based on the cash shipment amount; and effecting a transfer of cash with the branch bank based on the cash transfer request.
Information query