IP Library Granted Patent US 8,820,507
Granted Patent B2
US 8,820,507 · App. 13/953,672 · Granted Sep 2, 2014

Currency discrimination and evaluation

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Quick Facts
Patent No.
US 8,820,507
App. No.
13/953,672
Granted
Sep 2, 2014
Kind
B2
Abstract

The disclosure relates to modeling the structure of an item of currency and to predicting the behavior of a currency sensing system as related to the structure of a tested item of currency. For a specified set of parameters of an item of currency, the response of the currency sensing system can be predicted. A particular construction of an item of currency can be determined based on theoretical responses from the item of currency being tested with a theoretical currency sensing system.

Claims (28)

1. A method for implementation by one or more data processors forming part of at least one computing system comprising:

receiving, by at least one data processor, data characterizing a measured electromagnetic response of at least one component of an item of currency;

simulating, using at least one data processor, the measured electromagnetic response of the at least one component of the item of currency using model parameters describing an electromagnetic response of the at least one component of the item of currency;

updating, using at least one data processor, the model parameters based at least on a difference between the simulated response and the received data;

simulating, using at least one data processor, the measured electromagnetic response of the at least one component of the item of currency using the updated model parameters to create a second simulated signal of the at least one component of the item of currency; and

classifying, using at least one data processor, the item of currency based on the second simulated signal of the at least one component of the item of currency.

2. The method according to claim 1 wherein a classification algorithm is used to classify the item of currency, the classification algorithm being selected from the group consisting of; Mahalanobis Distance, Feature Vector Selection, and Linear Discriminant Analysis.

3. The method of claim 1 wherein the characterization of the at least one component is a characterization of a complex impedance of the at least one component.

4. The method according to claim 1 wherein the measured electromagnetic response is measured using a sensor that includes a coil.

5. The method according to claim 1 wherein the item of currency is comprised of at least two electromagnetic components.

6. The method according to claim 1 wherein the item of currency is a coin.

7. The method according to claim 1 wherein the item of currency is a valuable document.

8. The method according to claim 1 wherein the simulated signal is an estimation of the complex impedance of the item of currency.

9. The method according to claim 3 wherein the complex impedance is derived from the Maxwell Equations.

10. The method according to claim 1 further comprising:

computing a fitness value; and

computing a comparison of the fitness value and a predetermined threshold.

11. The method according to claim 1 , further comprising:

estimating a structure of the item of currency.

12. The method according to claim 11 , wherein the structure of the item of currency includes one or more of: material of the item of currency, and number of layers of the item of currency.

13. A system comprising:

at least one data processor;

memory storing instructions which, when executed by the at least one data processor, causes the at least one data processor to perform operations comprising:

receiving data characterizing a measured electromagnetic response of at least one component of an item of currency;

simulating the measured electromagnetic response of the at least one component of the item of currency using model parameters describing an electromagnetic response of the at least one component of the item of currency;

updating the model parameters based at least on a difference between the simulated response and the received data;

simulating, using at least one data processor, the measured electromagnetic response of the at least one component of the item of currency using the updated model parameters to create a second simulated signal of the at least one component of the item of currency; and

classifying, using at least one data processor, the item of currency based on the second simulated signal of the at least one component of the item of currency.

Assignments (4)
CHANGE OF NAME Recorded Oct 27, 2015
From: MEI, INC.
To: CRANE PAYMENT INNOVATIONS, INC.
Reel/Frame 036981/0237 →
RELEASE OF SECURITY INTEREST IN INTELLECTUAL PROPERTY COLLATERAL RECORDED AT REEL/FRAME 031095/0513 Recorded Dec 11, 2013
From: GOLDMAN SACHS BANK USA, AS COLLATERAL AGENT
To: MEI, INC.
Reel/Frame 031796/0123 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Nov 14, 2013
From: BAUDAT, GASTON
To: MEI, INC.
Reel/Frame 031604/0177 →
SECURITY AGREEMENT Recorded Aug 27, 2013
From: MEI, INC.
To: GOLDMAN SACHS BANK USA, AS COLLATERAL AGENT
Reel/Frame 031095/0513 →