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

Publishing Venue

IBM

Related People

Authors:
Matla, A Saemann, E [+details]

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.