Automatic credit loan machine

Details Automatic credit loan machine Automatic credit loan machine

1971-05-10

1978-10-10

Tollberg, Stanley H.

Check-actuated control mechanisms

Including noncontacting, relatively movable parts connected...

G07F 708

Patent

active

RE0297968

ABSTRACT:
This invention provides an automatic credit loan machine operable in response to a credit card introduced thereinto to dispense a predetermined loan of cash, which comprises: means for testing the genuineness of a credit card introduced; means operable in response to the testing means for reading the identification number of the credit card and testing its validity; means for recording the identification number when it is valid; means for storing genuine cards that have been introduced into the machine so as not to be returned; and means for dispensing a predetermined loan of cash when the identification number of the credit card introduced is valid.

REFERENCES:
patent: 3039582 (1962-06-01), Simjian
patent: 3516527 (1970-06-01), Radford et al.

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