Browse Prior Art Database

Integrated Currency Escrow

IP.com Disclosure Number: IPCOM000050709D
Original Publication Date: 1982-Dec-01
Included in the Prior Art Database: 2005-Feb-10
Document File: 3 page(s) / 79K

Publishing Venue

IBM

Related People

Laybourn, RJ: AUTHOR [+3]

Abstract

This article describes an apparatus for issuing currency to a customer from a stack in a portable, secure cartridge. The apparatus includes a rotary currency drawer; a portable cartridge having a separator and restraint belt pair fully enclosed therein for issuing individual bills from the cartridge directly into the drawer; and means for rotating the drawer between a position for receiving individual currency sheets from the cartridge, and a position rendering the contents of the drawer accessible to the customer. Interposed between the cartridge and the drawer is means for counting individual bills and for detecting overlapped bills.

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Integrated Currency Escrow

This article describes an apparatus for issuing currency to a customer from a stack in a portable, secure cartridge. The apparatus includes a rotary currency drawer; a portable cartridge having a separator and restraint belt pair fully enclosed therein for issuing individual bills from the cartridge directly into the drawer; and means for rotating the drawer between a position for receiving individual currency sheets from the cartridge, and a position rendering the contents of the drawer accessible to the customer. Interposed between the cartridge and the drawer is means for counting individual bills and for detecting overlapped bills. The means for rotating is responsive to the counting and detecting means for positioning the drawer to deliver the contents to the customer or to an escrow bin for receiving drawer contents containing at least one misfed bill.

This article describes a technique for issuing or aborting a cash transaction in a typical automated teller machine (ATM) application. Currently, cash dispensed from a hopper is buffered in the escrow, rejected or transported through a security gate to the customer. We here describe a more direct, integrated escrow assembly with attendant advantages.

Figs. 1 and 2 illustrate two embodiments: Fig. 1 is a mini dispenser for a single cartridge, and Fig. 2 has dual-cartridge capabilities.

Referring to Fig. 1, the dispenser comprises two assemblies: a cash cartridge 1 and an escrow cylinder assembly 2. The cartridge is inserted into the dispensing unit and engages a feed drive, as is described in U.S. Patent 4,221,376. This drive in turn is coupled to the escrow cylinder assembly 2 by a belt or gear arrangement.

The mode of operation is as follows: As bills 11 are fed into the buffer pocket 12, the leading edge is sensed by a double-document detect light source and photo cell combination (not shown). The resultant signal energizes clutch 7 which in turn rotates flexible finger 13 stacker 5 180 degrees. The wiping action of stacker 5 stores the selected bills against reject feed rolls 3 and 4. If a double document is detected, the resultant signal energizes clutch 9, feeding the bills out of...