Patents by Inventor Randy Colvin

Randy Colvin has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20170109957
    Abstract: A cash recycler that is configured to allow deposited money to be dispensed (recycled) in a withdrawal transaction. In one embodiment, multiple currency recyclers could be used at multiple stores of a retail establishment and collectively work from one pending balance. Embodiments are also contemplated in which multiple accounts at one recycler location. In some cases, the currency recycler provides provisional credit for deposits of coinage and checks. In some cases, transactions made on the currency recycler could be settled to any financial institution.
    Type: Application
    Filed: December 27, 2016
    Publication date: April 20, 2017
    Inventors: Randy Colvin, Robert Norman, Jeffrey Siekman
  • Publication number: 20150100480
    Abstract: A non-transitory, computer readable storage medium storing a program for processing financial transactions of a retailer at a currency recycler having a housing, a processor located within the housing, and a currency routing assembly disposed within the housing to move currency to at least one stacker, includes the step of processing deposits at the at the currency recycler. The processor further performs the steps of crediting an account of a user for each deposit, processing withdrawals at the currency recycler, and debiting the account of the user for each withdrawal. Still further the processor performs the steps of reconciling all transactions at the currency recycler at an end of day and allowing a user to modify the end of day based on business needs.
    Type: Application
    Filed: December 16, 2014
    Publication date: April 9, 2015
    Inventors: Randy Colvin, Robert Norman, Jeffrey Siekman
  • Publication number: 20140330719
    Abstract: A cash recycler that is configured to allow deposited money to be dispensed (recycled) in a withdrawal transaction. In one embodiment, multiple currency recyclers could be used at multiple stores of a retail establishment and collectively work from one pending balance. Embodiments are also contemplated in which multiple accounts at one recycler location. In some cases, the currency recycler provides provisional credit for deposits of coinage and checks. In some cases, transactions made on the currency recycler could be settled to any financial institution.
    Type: Application
    Filed: May 22, 2014
    Publication date: November 6, 2014
    Applicant: FIFTH THIRD BANK
    Inventors: Randy Colvin, Robert Norman, Jeffrey Siekman
  • Patent number: 8756158
    Abstract: A cash recycler that is configured to allow deposited money to be dispensed (recycled) in a withdrawal transaction. In one embodiment, multiple currency recyclers could be used at multiple stores of a retail establishment and collectively work from one pending balance. Embodiments are also contemplated in which multiple accounts at one recycler location. In some cases, the currency recycler provides provisional credit for deposits of coinage and checks. In some cases, transactions made on the currency recycler could be settled to any financial institution.
    Type: Grant
    Filed: September 14, 2012
    Date of Patent: June 17, 2014
    Assignee: Fifth Third Bank
    Inventors: Randy Colvin, Robert Norman, Jeffrey Siekman
  • Publication number: 20130218754
    Abstract: A cash recycler that is configured to allow deposited money to be dispensed (recycled) in a withdrawal transaction. In one embodiment, multiple currency recyclers could be used at multiple stores of a retail establishment and collectively work from one pending balance. Embodiments are also contemplated in which multiple accounts at one recycler location. In some cases, the currency recycler provides provisional credit for deposits of coinage and checks. In some cases, transactions made on the currency recycler could be settled to any financial institution.
    Type: Application
    Filed: September 14, 2012
    Publication date: August 22, 2013
    Inventors: Randy Colvin, Robert Norman, Jeffrey Siekman