Method and device for controlling the flow of banknotes

Details Method and device for controlling the flow of banknotes Method and device for controlling the flow of banknotes

2011-08-23

2011-08-23

Karmis, Stefanos (Department: 3653)

Check-actuated control mechanisms

Including means to test validity of check

C250S556000

Reexamination Certificate

active

08002103

ABSTRACT:
The invention relates to a method and a device for controlling the flow of banknotes between at least two locations, in particular a Central Bank and/or Monetary Authority and a local financial institution, said method comprising the following steps:i) collecting banknotes at the local financial institution,ii) subjecting the banknotes received in step i) to a fitness measurement so as to obtain a flow of “fit” banknotes and a flow of “unfit” banknotes,iii) returning the flow of “unfit” banknotes to the Central Bank and/or Monetary Authority, andiv) bringing the flow of “fit” banknotes into circulation.

REFERENCES:
patent: 4483124 (1984-11-01), Ohba et al.
patent: 4674060 (1987-06-01), Larkin et al.
patent: 4830742 (1989-05-01), Takesako
patent: 6860375 (2005-03-01), Hallowell et al.
patent: 6962247 (2005-11-01), Maier et al.
patent: 2005/0011721 (2005-01-01), Armanini et al.

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