FACILITATING TRANSFER OF CASH INVENTORIES BETWEEN ENTITIES

• Main Author: NGUYEN, Keith
• Format: Patent
• Language: English; French; German
• Published: 26.12.2018
• Subjects: CALCULATING; COMPUTING; COUNTING; DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES; PHYSICS; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR

A method and system performing the method includes receiving currency inventory information from a plurality of cash-points. The method also includes receiving a currency shipment request from a first cash-point. The method further includes determining a set of eligible cash-points from the plurality of cash-points based on the currency inventory information, each eligible cash-point being associated with a respective currency inventory having sufficient currency reserves to fulfill the currency shipment request. The method still further includes receiving an offer from each eligible cash-point, each offer indicative of an asking price for fulfilling the currency shipment request. The method additionally includes determining a selected cash-point to fulfill the currency shipment request based on the offers. The method even further includes initiating shipment of currency from the selected cash-point to the first cash-point.