Browse Prior Art Database

Container With Magnetic Stripe for Depositing Cash or Valuables in a Personal Banking Machine

IP.com Disclosure Number: IPCOM000037152D
Original Publication Date: 1989-Nov-01
Included in the Prior Art Database: 2005-Jan-29
Document File: 3 page(s) / 43K

Publishing Venue

IBM

Related People

Matla, A: AUTHOR [+2]

Abstract

Deposit transactions in personal banking machines, such as the IBM 4731, by customers are presently carried out with the use of envelopes. The money to be deposited is placed in the envelope which is sealed by the customer and placed in the banking machine. Inside the machine, the envelope is provided with data permitting the deposit transaction to be associated with the relevant customer and account number. For this purpose, a print method similar to that of PC printers is used. The envelope is moved past, e.g., a needle print head printing the data to be affixed to the envelope by means of a ribbon.

This text was extracted from a PDF file.
At least one non-text object (such as an image or picture) has been suppressed.
This is the abbreviated version, containing approximately 54% of the total text.

Page 1 of 3

Container With Magnetic Stripe for Depositing Cash or Valuables in a Personal Banking Machine

Deposit transactions in personal banking machines, such as the IBM 4731, by customers are presently carried out with the use of envelopes. The money to be deposited is placed in the envelope which is sealed by the customer and placed in the banking machine. Inside the machine, the envelope is provided with data permitting the deposit transaction to be associated with the relevant customer and account number. For this purpose, a print method similar to that of PC printers is used. The envelope is moved past, e.g., a needle print head printing the data to be affixed to the envelope by means of a ribbon.

Another deposit variant uses no envelope or container. Loose banknotes are deposited without any special identification.

The proposed container 1, 2 is a lockable, fixed container with stable dimensions, which may be made of a plastic material. Its weight is reduced to a minimum. The lock 3, 4 may be a snap lock. One side of the container is provided with a magnetic stripe 5, 6 similar to that used on credit cards. If desired, the container may be provided with printed information or be coated for affixing the bank logo.

As the container has fixed dimensions and its outer surfaces are designed to suit the transport and desposit system employed, it is readily and reliably handled by the mechanical means provided inside the banking machine.

The container may also be used to deposit paper money, cheques, coins and bulky valuables.

From a suitably designed banking machine, deposited containers may be automatically withdrawn. In such cases, the banking machine acts as a temporary safe for valuables.

The magnetic stripe 5, 6 fixed to t...