US Patent Issued to Bank of America on July 28 for "Counterfeit note detection via machine olfaction chemical analysis" (North Carolina, Illinois Inventors)

ALEXANDRIA, Va., July 28 -- United States Patent no. 12,694,741, issued on July 28, was assigned to Bank of America Corp. (Charlotte, N.C.).

"Counterfeit note detection via machine olfaction chemical analysis" was invented by Paul Mattison (Sherrills Ford, N.C.), Richard Brown (Charlotte, N.C.), Ronald Schnittman (Northbrook, Ill.) and Carl Parziale (Charlotte, N.C.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method and system for detecting counterfeit money may include an automated teller machine (ATM) including an olfactory sensor configured to detect counterfeit notes and valid notes, an olfactory signature database comprising counterfeit note olfactory signatures and valid note olfactory signatures,...