Bank of America Corporation
LIGHT EMITTING APPARATUS FOR CASH VERIFICATION AND REMOTE DEPOSIT

Abstract:

Systems and methods for cash verification and remote deposit are provided. A method may include receiving credentials to authenticate a login to a mobile app that is associated with a first financial entity; receiving an instruction to deposit a bill of cash at a physical location associated with a second financial entity that is different from the first financial entity; illuminating a front face of the bill; capturing an image of the illuminated front face; illuminating a back face of the bill; capturing an image of the illuminated back face; extracting a first tier of features from the images; determining a denomination and/or version of the bill; when the denomination and/or version exceeds a predetermined first threshold, extracting a second tier of features; when all of the extracted features are associated with the same denomination and/or version, and all of the features that are associated with said denomination and/or version are detected, verifying the bill; and when the bill is verified and a message is received, from the second financial entity, confirming that the second financial entity received the bill, depositing an amount corresponding to the denomination in an account at the first financial entity.