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System and method for detecting ATM fraud via weighing notes

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Abstract:

Systems and methods for ATM fraud detection are presented. ATM fraud detection may be provided in the context of including a weight sensor in the ATM to weigh currency notes. ATM fraud detection may be obtained by using a weight sensor to weigh any currency notes that remain after being dispensed to a user, and determining if the weight is correct for the amount of currency notes dispensed. A weight discrepancy resulting from removal of some but not all dispensed currency notes may indicate attempted theft or fraud.

Status:
Grant
Type:

Utility

Filling date:

11 Dec 2019

Issue date:

9 Mar 2021