System for performing combined financial transactions with singl

Details System for performing combined financial transactions with singl System for performing combined financial transactions with singl

1982-04-15

1985-09-10

Malzahn, David H.

Boots, shoes, and leggings

364900, G06F 1530

Patent

active

045410577

ABSTRACT:
A system for performing a combined transaction service with a cash receiving unit having a cash inlet for accepting the cash inserted into the inlet upon checking the cash, a cash dispenser having a cash outlet for releasing a specified amount of cash to the outlet upon counting up the amount, keys for entering amounts of money for depositing and withdrawing transactions, a key for setting a combined transaction service, a display for showing transaction information, and a payment balance register for storing the amount of money to be paid for each transaction of the combined transaction service. When the system is set for the service, the amount of money accepted by the cash receiving unit and the amount of money to be withdrawn for each transaction is added to the register, and the amount of money to be deposited for each transaction is substracted from the register. When the combined service is set, the unit is prevented from dispensing cash, and when the service is canceled, cash in the sum of the payment balance is dispensed from the dispenser. The system enables one customer to perform depositing and withdrawing transactions on a plurality of accounts by placing in cash or dispensing cash once.

REFERENCES:
patent: 3487905 (1970-01-01), James, Sr.
patent: 4225779 (1980-09-01), Sano et al.
patent: 4314352 (1982-02-01), Fought

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