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Automatic Teller Machine With Loose Coin Depository

IP.com Disclosure Number: IPCOM000060417D
Original Publication Date: 1986-Apr-01
Included in the Prior Art Database: 2005-Mar-08
Document File: 2 page(s) / 48K

Publishing Venue

IBM

Related People

Decker, D: AUTHOR

Abstract

Many financial institutions will not accept coin deposits unless the coins have been wrapped in coin wrappers. A loose coin depository in combination with an automatic teller machine will obviate the need for manual handling and counting of coin deposits. The figure shows an automatic teller machine 11 having an identification card reader 13, a receipt printer 15, a display 17, a keyboard 19, and a depository slot with door 21. The depository slot with door 21, has a chute 23, connected to a coin sorter 25, which sorts coins directly into coin bags attached to the coin sorter. The coin chute 23 communicates with the coin sorter door 21. The coin sorter also has a reject opening 27 which communicates with the reject opening 29 of the automatic teller machine.

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Automatic Teller Machine With Loose Coin Depository

Many financial institutions will not accept coin deposits unless the coins have been wrapped in coin wrappers. A loose coin depository in combination with an automatic teller machine will obviate the need for manual handling and counting of coin deposits. The figure shows an automatic teller machine 11 having an identification card reader 13, a receipt printer 15, a display 17, a keyboard 19, and a depository slot with door 21. The depository slot with door 21, has a chute 23, connected to a coin sorter 25, which sorts coins directly into coin bags attached to the coin sorter. The coin chute 23 communicates with the coin sorter door 21. The coin sorter also has a reject opening 27 which communicates with the reject opening 29 of the automatic teller machine. In operation, the consumer will identify him or herself through the automatic teller machine using an identification card and personal identification number in the normal way. After selecting a loose coin deposit transaction, the consumer is asked to dump the loose coins through the depository door 21. The control logic will then cause coin sorter 25 to sort the coins into their various denomination bags, keeping a count of the acceptable coins received. The count of acceptable coins received will be communicated to logic 31, for crediting to the consumer's account. Any unacceptable coins will be rejected at reject 27, to reject slot 29, for recovery by the...