Patent ID: 8280814
Filing Date: 2012-10-02
Classification: G06Q

Abstract:
1. An electronic cash management methodology comprising: providing a plurality of electronic cash safes under the physical control of a financial institution, operating as a vault cash manager which owns cash located therein, each of said plurality of electronic cash safes being associated with a cash acceptor and a communicator; upon receipt of cash into one of said plurality of electronic cash safes, verified by said cash acceptor, employing said communicator for providing a computer network notification from said one of said plurality of electronic cash safes indicating receipt of said cash and at least partially identifying a product sold in return for the cash; responsive to said computer network notification from said communicator, effecting payment to a supplier of said product by said financial institution; accruing non-loan interest payable from an operator of said one of said plurality of electronic cash safes to said financial institution in respect of said payment; collecting said cash from said one of said plurality of electronic cash safes on behalf of said financial institution and physically depositing said cash to the account of said financial institution; and paying to said financial institution by said operator of said one of said plurality of electronic cash safes of said non-loan interest accrued in respect of said payment to said supplier for a period between said effecting payment to said supplier and said depositing said cash.