Method for storing and dispensing cash

Details Method for storing and dispensing cash Method for storing and dispensing cash

1994-08-23

1996-04-16

Pitts, Harold

Registers

Systems controlled by data bearing records

Credit or identification card systems

235379, G06F 708

Patent

active

055085008

ABSTRACT:
A time delayed cash dispenser is interconnected with a control terminal that is connectable to an electronic funds transfer system. The control terminal is selectively controlled to "override" the timer of the time delayed cash dispenser to enable a user to access and perform transactions through the EFT system. Preferably, the control terminal activates the cash dispenser to vend cash containers containing the authorized cash disbursement. Cash stores in the time delayed cash dispenser are replenished by depositing excess cash from the retail location cash register. The system thus permits cash replenishment in discrete amounts without exposing the entire cash stores and permits a retail establishment to sell cash to customers through the EFT system.

REFERENCES:
patent: 3593881 (1971-07-01), Paap
patent: 4375032 (1983-02-01), Uchida
Verifone, Inc., "A Powerful Transaction Microcomputer As Easy To Use As An Automated Teller Machine," Aug. 1989 (2 pp.).

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