Banknote escrow and stacker apparatus and method

Details Banknote escrow and stacker apparatus and method Banknote escrow and stacker apparatus and method

1976-03-11

1977-09-27

Knowles, Allen N.

Check-actuated control mechanisms

Including noncontacting, relatively movable parts connected...

214 6DK, 271180, G07F 106

Patent

active

040505626

ABSTRACT:
A currency handling machine receives a banknote and transports it in tension to an escrow container for temporary storage in a stack along with any other banknotes involved in a transaction until the customer instructs the machine to either complete the transaction or to cancel the transaction and return his money. The banknote or stack of banknotes is conveyed to a locked deposit box if the transaction is completed or is conveyed within the escrow container to a refund compartment accessible by the customer if the transaction is cancelled.

REFERENCES:
patent: 3655186 (1972-04-01), Bayha
patent: 3683758 (1972-08-01), Feldkamper
patent: 3782543 (1974-01-01), Martelli
patent: 3851744 (1974-12-01), Erickson

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