Patent ID: 9058598
Filing Date: 2015-06-16
Classification: G06Q

Abstract:
1. A computer implemented method for transferring cash with a particular branch bank, the method comprising the steps of: receiving first data relating to cash usage at a plurality of branch banks; receiving second data relating to cash usage at the particular branch bank, the second data including a known ending balance at the particular branch bank; generating forecasting data based on the first data and the second data to determine a current cash need; performing forecast processing to determine an amount of cash to be transferred to or from the particular branch bank, the forecast processing including: generating a cash transfer request based on the cash shipment amount; determining an anticipated route for a transfer of cash; effecting the transfer of cash with the branch bank based on the cash transfer request using the anticipated route; monitoring the transfer of cash using a global positioning device; and generating an alert when the transfer of cash diverges from the anticipated route.