Automatic Banking Machine Dispenses Machine Readable Documents
Original Publication Date: 1981-May-01
Included in the Prior Art Database: 2005-Feb-11
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.