System and method for dispensing and revalung cash cards

US5440108A · kind A · utility

Assignee

• VeriFone, Inc. · US

Inventors

• Dich C. Tran · Cupertino, US
• Yiu T. Liu · Clayton, US
• Stanley Y. W. Lui · Santa Clara, US
• Joseph Y. Kwong · Santa Clara, US
• Junqi Yan · Stanford, US

Key dates

• Filing date: Aug 11, 1993
• Grant date: Aug 8, 1995
• Expiry date: Aug 11, 2013

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/3437
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A cash card dispensing and revaluing system having payment apparatus for receiving and validating payment operating in conjunction with a cash card dispensing assembly for storing a number of cash cards and for dispensing a cash card upon consumer request and payment of a predetermined payment amount. Additionally including in the system a cash card revaluing assembly for revaluing a cash card upon insertion of the card into the revaluing assembly in conjunction with insertion of payment into the payment apparatus. The payment apparatus includes currency accepting and validating systems such as bill validators or, alternatively, credit and debit card validators.