US Patent Issued to WELLS FARGO BANK on Sept. 30 for "Dynamic allocation and dispensing of cash" (Indian Inventors)

ALEXANDRIA, Va., Sept. 30 -- United States Patent no. 12,430,994, issued on Sept. 30, was assigned to WELLS FARGO BANK N.A. (San Francisco).

"Dynamic allocation and dispensing of cash" was invented by Jagadeesh Ganaparthi (Hyderabad, India), Rameshchandra Bhaskar Ketharaju (Hyderabad, India), Hari Prasada Raju Kunadharaju (Hyderabad, India) and Govinda Rajulu Nelluri (Hyderabad, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "Dynamic allocation of cash. Dispensing of cash by an automatic teller machine (ATM) can be prioritized, e.g., for customers of the financial institution that operate the ATM over non-customers. A request by a customer to hold cash at an automatic teller machine (ATM) for future wit...