US Patent Issued to Hyosung TNS on July 15 for "Method of recognizing magnetic ink characters in ATM" (South Korean Inventor)

ALEXANDRIA, Va., July 16 -- United States Patent no. 12,361,737, issued on July 15, was assigned to Hyosung TNS Inc. (Seoul, South Korea).

"Method of recognizing magnetic ink characters in ATM" was invented by Hyun Su Kim (Seoul, South Korea).

According to the abstract* released by the U.S. Patent & Trademark Office: "Recognizing magnetic ink characters in an automated teller machine and, more particularly, recognizing magnetic ink characters in an automated teller machine. Results of optical character recognition (OCR) are compared based on an image acquired through a contact image sensor (CIS) provided in an authentication unit and character-based waveforms of magnetic ink characters acquired through an MR sensor. Whether a bill is legi...