Value dispensing system

Details Value dispensing system Value dispensing system

1975-01-27

1977-03-08

Hoffman, Drayton E.

Registers

Calculators

Input-output calculator to indicator, printer, etc.

194DIG26, 340149A, G06K 701

Patent

active

040114333

ABSTRACT:
An automatic monetary value dispensing system wherein a card previously issued to each customer having an account therein is used to actuate the system. The card has recorded thereon necessary data such as the identification number and the current off-line balance of the account, with the on-line balance thereof being recorded in a central processing unit. Dispensation of the requested amount of value is determined by comparing the amount with the on-line and off-line balances of the account.

REFERENCES:
patent: 3308439 (1967-03-01), Tink et al.
patent: 3559175 (1971-01-01), Pomeroy
patent: 3634656 (1972-01-01), Krechmer
patent: 3648020 (1972-03-01), Tateisi et al.
patent: 3665161 (1972-05-01), Oberhart
patent: 3719927 (1973-03-01), Michels et al.
patent: 3824375 (1974-07-01), Gross et al.
patent: 3833885 (1974-09-01), Gentile et al.
patent: 3849968 (1974-11-01), Tateisi

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