Patent ID: 11868972
Assignee: nan
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 15:
16. A system of validating a cash transaction, comprising:
a cash validation server connected to a database, wherein a server-side cash validation application is installed on the cash validation server and
a receiving Cash Processing Terminal (CPT), wherein a client-side cash validation application is installed on the receiving CPT and
wherein the system of validating the cash transaction is to:
capture a unique identifier of a banknote of a user;
store the unique identifier of the banknote against a user identity of the user in the database;
check the unique identifier of the banknote against the user identity stored in the database when the banknote is received as tender for payment at the receiving CPT;
request an authorization from the user to release the banknote for payment;
transmit an accept banknote message to the receiving CPT when a successful authorization is received and
transmit a decline banknote message to the receiving CPT when a failed authorization is received.