Combination bill accepting and bill dispensing device

Details Combination bill accepting and bill dispensing device Combination bill accepting and bill dispensing device

2000-09-13

2001-10-02

Walsh, Donald P. (Department: 3653)

Sheet feeding or delivering

Feeding and delivering

Conveyor releases to subsequent conveyor

C271S003140, C209S534000, C242S528000

Reexamination Certificate

active

06296242

ABSTRACT:

FIELD OF THE INVENTION
The invention relates to devices for accepting of bills and accumulating bills in a manner to allow dispensing of selected bills.
BACKGROUND OF THE INVENTION
There are known validators devices for bills or other paper means of payment which devices store the accepted bills in a removable cassette or process accepted bills for temporary storage and subsequent dispensing. It is desirable to store as many bills as possible in a storage arrangement for subsequent dispensing. The stored bills are all of the same value and are typically wound on a drum in a serial manner. This serial manner accommodates dispensing of bills, one bill at a time.
It is desirable to make these devices as adaptable for different currencies as possible. This general adaptation of the device is made more difficult due to different sizes of banknotes from currency to currency and from denomination to denomination.
The present invention enables bills of different values and size to be accepted and appropriately processed. The arrangement has the capability of storing for subsequent dispensing, two different banknote denominations. In addition, the device has a stacking cassette for receiving and storing of bills that are not to be subsequently dispensed.
SUMMARY OF THE INVENTION
A device for validating and accepting paper currency comprises a validator that evaluates selected properties of the paper currency and determines whether the paper currency should be accepted or rejected. The validator rejects the paper currency if it is determined that paper currency is not acceptable.
The validator has associated therewith a bill processing junction into which accepted paper currency is fed one bill at a time. The processing junction includes at least three processing paths including first and second paths for accumulating paper currency for later dispensing and a third path for storage of accepted paper currency. The device includes a drive arrangement associated with the processing junction for selectively driving an accepted bill along any of said three paths.
According to an aspect of the invention the processing junction longitudinally receives accepted paper currency and the first and second paths for accumulating paper currency cause the paper currency to move in a direction transverse to the longitudinal direction of the accepted paper currency.
According to yet a further aspect of the invention, the third path moves the currency in a direction parallel to the longitudinal direction of the accepted currency and stores the currency in a removable stacking arrangement.
According to yet a further aspect of the invention, the third dispensing path is located on a side of said processing junction opposite an inlet path to the processing junction.
According to yet a further aspect of the invention, the device includes an accumulator and dispensing unit associated with each of the first and second paths and the accumulator and dispensing units have a common dispensing outlet through which accumulated paper currency can be dispensed.
According to yet a further aspect of the invention, the common dispensing outlet accumulates bills to be dispensed and dispenses accumulated bills as a stack of bills.
According to yet a further aspect of the invention, the processing junction includes a drive arrangement which is movable for driving a received paper currency along any of said three paths.
According to yet a further aspect of the invention, the drive arrangement includes drive rollers on either side of a longitudinal center line of the processing junction and the drive rollers are rotatable from a first orientation for moving a bill longitudinally in said junction to a second orientation for moving said bill transversely in said junction along either of said first and second paths.
According to yet a further aspect of the invention, each dispensing arrangement serially receives the paper currency and winds said paper currency transversely onto a cylinder drum, and each drum includes flexible separating tapes located either side of a received paper currency with said tape also being wound on said respective drum.
According to yet a further aspect of the invention, the tapes are spaced along the length of said respective drum to be non overlapping with adjacent tapes.


REFERENCES:
patent: 2981492 (1961-04-01), Simjian
patent: 3039582 (1962-06-01), Simjian
patent: 3072237 (1963-01-01), Simjian
patent: 3908978 (1975-09-01), Stemmle
patent: 4249552 (1981-02-01), Margolin et al.
patent: 4337864 (1982-07-01), McLean
patent: 4574557 (1986-03-01), Haberstroh et al.
patent: 4669393 (1987-06-01), Wuthrich
patent: 4871125 (1989-10-01), Haueter
patent: 5064074 (1991-11-01), Edin et al.
patent: 5533627 (1996-07-01), Nordqvist
patent: 5680935 (1997-10-01), Mistander et al.
patent: 5735516 (1998-04-01), Gerlier et al.
patent: 5918748 (1999-07-01), Clark et al.
patent: 6006989 (1999-12-01), Ademmer et al.
patent: 6068255 (2000-05-01), Nicoll
patent: 6164585 (2000-12-01), Lutz
patent: 6170822 (2001-01-01), Kato et al.

Affiliated with

Also associated with

Rating

Combination bill accepting and bill dispensing device does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Combination bill accepting and bill dispensing device, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Combination bill accepting and bill dispensing device will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-2586823