US Patent Issued to CAPITAL ONE SERVICES on June 17 for "System and method for managing a network of cash service machines" (New York Inventors)

ALEXANDRIA, Va., June 19 -- United States Patent no. 12,333,511, issued on June 17, was assigned to CAPITAL ONE SERVICES LLC (McLean, Va.).

"System and method for managing a network of cash service machines" was invented by Jeremy Phillips (Brooklyn, N.Y.) and Aditya Joshi (Brooklyn, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "In a method of processing a cash transaction, a transaction processing system receives an account transaction request identifying a user account and a cash transaction to be carried out using a cash service machine (CSM). A set of CSMs available for processing the account transaction request is determined and a list of available CSMs is transmitted to the requesting user device...