Control circuit for multi-denomination cash dispenser

Details Control circuit for multi-denomination cash dispenser Control circuit for multi-denomination cash dispenser

1977-08-15

1980-01-29

Rolla, Joseph J.

Check-actuated control mechanisms

Including noncontacting, relatively movable parts connected...

194DIG26, 221 93, G07D 100

Patent

active

041856465

ABSTRACT:
A control circuit for a multi-denomination cash dispenser in which the number of bills or coins of each denomination, for varying desired quantities of money to be dispensed, are selected such that the total amount of time required to dispense varying quantities of each denomination is minimized. The control circuit of this invention does not necessarily result in dispensing of cash with a minimum number of bills and/or coins. However, it does, in addition to minimizing the cycle time of the cash dispensing operation, equalize the wear on the various individual dispensers; deplete the inventories of different denominations at approximately the same rate, thereby avoiding premature depletion of one denomination relative to the others, and provide the user with a varied mix of denominations regardless of the amount of currency requested.

REFERENCES:
patent: 3020916 (1962-02-01), Buchholz et al.
patent: 3675816 (1972-07-01), Bourke et al.
patent: 3828166 (1974-08-01), Johansson et al.
patent: 3963035 (1976-06-01), Levasseur

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