Browse Prior Art Database

Automatic Banking Machine Dispenses Machine Readable Documents

IP.com Disclosure Number: IPCOM000052132D
Original Publication Date: 1981-May-01
Included in the Prior Art Database: 2005-Feb-11

Publishing Venue

IBM

Related People

Authors:
Svigals, J [+details]

Abstract

This article teaches dispensing pre-encoded magnetic stripe documents i place of one denomination of bills by an automatic teller machine. The value of the magnetic stripe document dispensed would be of a prerecorded value and would then be charged to the recipient's account by the bank, avoiding the need to handle cash.