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Automatic Teller Machine With Loose Coin Depository

IP.com Disclosure Number: IPCOM000060417D
Original Publication Date: 1986-Apr-01
Included in the Prior Art Database: 2005-Mar-08

Publishing Venue

IBM

Related People

Authors:
Decker, D [+details]

Abstract

Many financial institutions will not accept coin deposits unless the coins have been wrapped in coin wrappers. A loose coin depository in combination with an automatic teller machine will obviate the need for manual handling and counting of coin deposits. The figure shows an automatic teller machine 11 having an identification card reader 13, a receipt printer 15, a display 17, a keyboard 19, and a depository slot with door 21. The depository slot with door 21, has a chute 23, connected to a coin sorter 25, which sorts coins directly into coin bags attached to the coin sorter. The coin chute 23 communicates with the coin sorter door 21. The coin sorter also has a reject opening 27 which communicates with the reject opening 29 of the automatic teller machine.