Bill escrow and storage apparatus for vending machine

Details Bill escrow and storage apparatus for vending machine Bill escrow and storage apparatus for vending machine

1976-02-13

1977-03-15

Tollberg, Stanley H.

Check-actuated control mechanisms

Including noncontacting, relatively movable parts connected...

209DIG2, G07F 704

Patent

active

040119319

ABSTRACT:
Apparatus for handling paper money in a vending or money changing machine, in which a validator unit either accepts or rejects an inserted bill. Each accepted bill is moved a short distance by a conveyor to a handling station, where a ram pushes the bill into an escrow box in which the bill is held until the associated transaction is completed. When the transaction is complete, the ram pushes the bill through the escrow box into a stacker or storage vault. If the transaction is not completed, the escrow box swings down and the bill is ejected for return to the donor. The operation is automatic, the mechanism being simple and adaptable to a variety of vending machines.

REFERENCES:
patent: 3362515 (1968-01-01), Yamamoto et al.
patent: 3924847 (1975-12-01), Pescetto

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