Browse Prior Art Database

Mechanical Escrow

IP.com Disclosure Number: IPCOM000085543D
Original Publication Date: 1976-Apr-01
Included in the Prior Art Database: 2005-Mar-02
Document File: 3 page(s) / 61K

Publishing Venue

IBM

Related People

Laybourne, RJ: AUTHOR [+2]

Abstract

This is a currency dispensing apparatus for assembly of currency of one or two denominations, together with a printed receipt, into a loose vertical stack for dispensing through a slot to a customer. If a feed error is detected, the partial stack may be transported into a reject bin, and dispensing automatically restarted.

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Mechanical Escrow

This is a currency dispensing apparatus for assembly of currency of one or two denominations, together with a printed receipt, into a loose vertical stack for dispensing through a slot to a customer. If a feed error is detected, the partial stack may be transported into a reject bin, and dispensing automatically restarted.

The apparatus includes a first document feed mechanism 242, a second document feed mechanism 240, and a printer mechanism 250 which is positioned in line with the first document feed mechanism 242. Transaction statements issued by printer 250 and cash issued by document feed mechanisms 240, 242 are transported to an escrow document transport mechanism 462 at 482 or 484, and thence to the customer or into reject bin 230.

Transaction statement forms are transported by form transport mechanism 416, which carries the printed form from printer 250 to stacker wheels 245 and 246 for stacking in a vertical position in line with first document feed mechanism 242.

Bills are transported from the feed mechanism 242 by transport mechanism 424 at a high speed toward the stacker wheel 245, 246. In order to insure proper engagement of a bill within the tines 260 of the relatively slowly rotating stacker wheels 245, 246, the bill feed mechanism 240 must be activated in synchronism with the stacker wheels 245-248 such that the stacker wheels are in the correct position for receiving the bill. For this reason photosensor 262, 264 responds to light signals passed through the indexing wheel 266, to generate a document feed enable signal at the proper time for initiating a document feed command.

Upon reaching the stacker wheels 245, 246 a bill is engaged by tines 260 of the stacker wheels and decelerated to permit orderly stacking as the tines 260 rotate counterclockwise. This counterclockwise rotation causes the lower edge of a document to engage a stacking surface 460, so that the document is stacked in a vertical orientation as it is removed from the tines 260. As the stacker wheels 245, 246 continue to rotate in a counterclockwise direction, the outer surface of subsequent tines 260 engage the rightmost document in sliding relationship to maintain it in its vertical position and in contact with the transport belt 462 of the escrow transport mechanism.

The escrow transport mechanism includes belt 462 which defines an escrow transport path, clamping mechanism 234, reject bin 230, and has two stacking stations 482, 484 at which documents are stacked in...