Escrow credit controllers and method of operation thereof

Check-actuated control mechanisms – Including value accumulator for plural checks – Having solid state circuitry

Patent

Rate now

  [ 0.00 ] – not rated yet Voters 0   Comments 0

Details

194206, 194350, 364478, G07F 1700

Patent

active

049058134

ABSTRACT:
An escrow credit controller for use with vending machines having a vend path which is several articles in length, such as a copier machine. The controller accepts value in the form of coins or bills, and escrows the value in an escrow total. When the escrow total deposited reaches a trigger amount which is at least equal to one more than the number of articles in the vend path times the vend price, the vending machine is enabled. The controller continues to add value to the escrow total as coins or bills are deposited, and subtracts the vend price from the escrow total upon receipt of a vend signal from the machine. When the escrowed value is less than or equal to the number of articles in the vend path times the vend price, or when the "value return" is activated by the user, the machine is disabled (possibly after a delay to avoid "trapping" the article(s)). The escrow controller retains the escrow balance for an additional time delay, during which time it continues to look for signals from the machine which indicate additional articles dispensed (copies made). After a delay sufficient to clear the vend path, either the remaining escrow value is returned (if the "value return switch" was activated) or the machine waits for the escrow value to be increased above the trigger amount again.

REFERENCES:
patent: 3815717 (1974-06-01), Arseneau
patent: 3841456 (1974-10-01), Levasseur
patent: 4008792 (1977-02-01), Levasseur
patent: 4347925 (1982-09-01), Sugimoto
patent: 4359147 (1982-11-01), Levasseur
patent: 4381835 (1983-05-01), Shah
patent: 4429778 (1984-02-01), Levasseur
patent: 4458142 (1984-07-01), Bernstein
patent: 4498570 (1985-02-01), King et al.
patent: 4499985 (1985-02-01), Schuller
patent: 4526263 (1985-07-01), Levasseur
patent: 4541519 (1985-09-01), Belviso et al.

LandOfFree

Say what you really think

Search LandOfFree.com for the USA inventors and patents. Rate them and share your experience with other people.

Rating

Escrow credit controllers and method of operation thereof does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Escrow credit controllers and method of operation thereof, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Escrow credit controllers and method of operation thereof will most certainly appreciate the feedback.

Rate now

     

Profile ID: LFUS-PAI-O-41233

  Search
All data on this website is collected from public sources. Our data reflects the most accurate information available at the time of publication.