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Change Making Machine With a Specifiable Transaction Rate

IP.com Disclosure Number: IPCOM000078645D
Original Publication Date: 1973-Feb-01
Included in the Prior Art Database: 2005-Feb-26
Document File: 1 page(s) / 12K

Publishing Venue

IBM

Related People

Freiman, CV: AUTHOR

Abstract

Certain retail sale areas are particularly susceptible to armed robbery such, for example, as busses, filling stations, small retail stores, etc. In the former, customary practice during especially high-crime hours is to cause all receipts to be placed directly in special storage vaults, wherein no change is made for any transaction. This business practice limits sales when people do not have correct change or charge accounts, etc. and in such businesses as retail stores where many items have different prices, is not a particularly satisfactory solution.

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Change Making Machine With a Specifiable Transaction Rate

Certain retail sale areas are particularly susceptible to armed robbery such, for example, as busses, filling stations, small retail stores, etc. In the former, customary practice during especially high-crime hours is to cause all receipts to be placed directly in special storage vaults, wherein no change is made for any transaction. This business practice limits sales when people do not have correct change or charge accounts, etc. and in such businesses as retail stores where many items have different prices, is not a particularly satisfactory solution.

By providing a substantially burgular proof change making machine, it is possible to limit the amount of change made during a given time interval, such for example, as $5 or $10. Further, the time interval can be specified as being, for example, two minutes which would be preprogrammed into the machine. In this eventuality, under no circumstances would it be possible to obtain more money from the machine than the previously specified amount per unit of time. Thus, in order to obtain any substantial amount of money, a potential robber would have to remain at the scene of his crime for a considerable period of time, thus greatly increasing his risk of discovery and subsequent arrest. At the same time, the ability to provide this much change would greatly improve the flexibility of retail stores such as small food stores, luncheonettes, etc., to handle more o...