My New Innovation Concepts

Problem Statement: In recent days ATM’s are loaded with fake currency and the ATM’s are dispensing them to the customers without checking whether it is fake or genuine because of this act common people are losing their hard earned money and also there is no trace like which ATM dispensed the particular note. Solution/How it works:  First method: To overcome the above problem ATM should be fitted with special hardware i.e. fake currency detector to detect each currency note whether it is genuine or fake note. This fake currency detector can be fitted before dispensing mechanism or to each cash chest counters. So while getting the cash from cash chest this fake note detector will scan each currency note for its genuineness. If the note is fake then the note will be collected in the fake currency chest in the ATM itself and it will fetch new currency from the same denomination from the cash chest and scan again. If that note is genuine then it will collect in the ready to...

PCT Application Number                     : Will update soon Indian Patent Application Number  : 201841015108 US Patent Application Number         : Will update soon Problem Statement: Currently every mobile device will work only with SIM card either CDMA/GSM and there is a limitation with SIM slots in each mobile hence users can choose or use only limited networks in the single mobile device and there is no chance to increase the mobile networks without removing the old SIM card from the mobile device. Solution: The objective of this idea is to remove the SIM card concept and make the SIM-Less mobile phones. How it works: Each mobile phone is embedded with Mobile device ID which is unique (world-wide) and can’t be replaced or modified in any ways but can be read from the mobile device. The manufacturer generate the mobile d...

PCT Application Number                     : Will update soon Indian Patent Application Number  : 201741033080 US Patent Application Number         : 15972244 This idea is to swipe our credit/debit card (as an image or softcopy) from the mobile banking application. See the below steps for more details Process for CARDS: Step-1: ATM Card slot: This is a representation of ATM card slot which can be used to insert virtual card through swiping towards this card slot image. Orig. Debit/Credit card Image: This is the image of our original debit/credit card captured by the bank while registering for virtual swipe option Swiping direction indication: This image represents to direct the customers on which direction the card image should swipe If more than one card is available for the same bank account then customers should tap on the ...

PCT Application Number                     : Will update soon Indian Patent Application Number  : 201741032643 US Patent Application Number         : Will update soon This is new technology based diagnostic slides which can be used for diagnostic purposes such as blood test, urine test etc. How it works: On the slide micro circuit can be printed with multiple nano/bio sensors which can examine the blood, urine etc… On the single slide there will be multiple specimen collection points each point will examine different specimen and send the results to the microprocessor which can be attached at the end of the slide. So finally the microprocessor will collate all the results from each specimen collection point and send this report to the printer or mobile or system through wire or wireless mode. We can also attach the small display to this...

PCT Application Number                     : Will update soon Indian Patent Application Number  : 201741028344 US Patent Application Number         : Will update soon The card based transactions enables to use payment cards such as credit or debit cards which are ubiquitous to make a payment by electronic funds transfer. For decades such cards have included a magnetic stripe, QR code or electronic scannable code. The magnetic strip or QR code or electronic scannable code stores card data wherein the data associated with a customer/user, which can be read by physical contact and swiping past a reading head. The card based transactions can be performed across multiple channels of commerce. As mentioned above, the payment card-based transaction may be performed at a point of sale terminal (POS) in a retail store, or a shopping mall. Conventi...

PCT Application Number                     : Will update soon Indian Patent Application Number  : 201741031949 US Patent Application Number         : Will update soon Traditional method for financial transaction using bank card include, a user visits an ATM, inserts bank card in a slot provided at the ATM, and enter details such as PIN associated with the bank card, and performs the transaction. A magnetic strip or barcode or QR code or chip provided on the bank card stores card data wherein the data associated with a customer/user, which can be read/scan by physical contact and swiping past a reading head. The card based transactions can be implemented across multiple channels of commerce such as retail store, a point of sale terminal (POS). As the popularity and worldwide acceptance of bank cards has been grow exponentially, simultaneousl...

My idea is to add a new feature in all the ATM's called SMS core banking, it means without debit/credit card and PIN we can do all the core banking operations just by an SMS. Current pain points with SMS banking that my idea will solve: 1.    No system is currently available to do ATM operations just by an SMS 2.    As of today none of the ATM’s completely integrated with SMS banking feature for their core banking 3.    Customers always to have their Debit/credit card and PIN number to do transactions at ATM 4.    Currently very limited SMS banking options are available for the customers from all the banks. 5.    Customers cannot do direct money operations such as withdrawals or deposits in ATM with existing SMS banking 6.    To complete most of the core banking operations, customers need to visit the Bank 7.    Currently customer should remember SMS codes even for small ...

PCT Application Number                     : Will update soon Indian Patent Application Number  : 201841014749 US Patent Application Number         : Will update soon Contactless transaction initiation is often performed with a “smart” card. Such a card typically includes radio-frequency identification (“RFID”) components for contactless communication with a point-of-sale device, and a magnetic stripe that permits the card also to be used in a conventional magnetic stripe card reader. The information communicated via the RFID components is generally similar or identical to the information recorded on the magnetic stripe. Payment systems that use contactless cards are generally restricted to providing a mechanism for a payment channel. In some systems, payment requests are routed through a conventional debit or credit authorization network, ...

PCT Application Number                     : PCT/IB2018/055461                                                             India Patent Application Number  : 201741026768 US Patent Application Number         : 15983120 In recent years, financial services industry has become increasingly expanded. Financial institutions, such as Banks, now offer a wide variety of products and services which were previously not available to customers. Such expansion of products and services puts the financial institutions under significant pressures to facilitate these products and services to customers. However, nowadays, the customers have very minimal time to manage their mo...

PCT Application Number                     : Will update soon Indian Patent Application Number  : 201841003716 US Patent Application Number         : Will update soon Currently every computer system/mobile device has RAM which is essential to run the operating system. Random-access memory (RAM) is a form of computer data storage that stores data and machine code currently being used. A random-access memory device allows data items to be read or written in almost the same amount of time irrespective of the physical location of data inside the memory. As the use of personal computers (i.e., desktops, laptops, workstations, PDA's, etc.) continues to flourish, the capabilities and deliverable expectations of software applications also continues to dramatically increase. In line with these increased capabilities, the hardware resources required ...