Foreign currency dispenser envelope

Details Foreign currency dispenser envelope Foreign currency dispenser envelope

1986-02-18

1987-05-12

Bell, Paul A.

Printed matter

Calendar

493254, 235383, B42D 1500, B31B 162, G06K 1500

Patent

active

046644172

ABSTRACT:
A currency dispenser packet for facilitating the sale of prepackaged foreign currency at a retail outlet includes an envelope containing a preselected quantity of a currency of a foreign country. The envelope is imprinted with a machine-readable code identifying the contents of the envelope as well as the identity of the seller. The code on the envelope is scanned or "read" at the point of sales and the read data is transmitted to a central station processor at which current foreign currency exchange rates are maintained. The processor computes the cost of the foreign currency in U.S. dollars or currency of purchase as well as the applicable commissions and transmits this information to the point-of-sale location. The packet thus allows foreign currency to be sold at locations dealing with travelers such as travel agencies, airline ticket terminals, and other outlets where such sales have heretofore not been practical. It also makes possible speedier transactions and daily reconciliations since the sales transaction is recorded in the processor. Additionally, the packet and processor system make possible improved currency inventory control by the currency wholesaler and retailer as well as improved security of the foreign currencies being held.

REFERENCES:
patent: 1944794 (1934-01-01), Klinger
patent: 2142374 (1939-01-01), Randolph
patent: 2484880 (1949-10-01), Flood
patent: 3666926 (1972-05-01), Conte, Jr. et al.
patent: 3770941 (1973-11-01), Gechele et al.
patent: 3933094 (1976-01-01), Murphy et al.
patent: 4002886 (1977-01-01), Sundelin
patent: 4518852 (1985-05-01), Stockburger
patent: 4529871 (1985-07-01), Davidson

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