Method for storing and dispensing cash
US5508500A · kind A · utility
Assignee
Inventors
Key dates
| Filing date | Aug 23, 1994 |
| Grant date | Apr 16, 1996 |
| Priority date | — |
| Expiry date | Aug 23, 2014 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F19/203
- WIPO fieldControl
- WIPO sectorInstruments
Abstract
A time delayed cash dispenser is interconnected with a control terminal that is connectable to an electronic funds transfer system. The control terminal is selectively controlled to "override" the timer of the time delayed cash dispenser to enable a user to access and perform transactions through the EFT system. Preferably, the control terminal activates the cash dispenser to vend cash containers containing the authorized cash disbursement. Cash stores in the time delayed cash dispenser are replenished by depositing excess cash from the retail location cash register. The system thus permits cash replenishment in discrete amounts without exposing the entire cash stores and permits a retail establishment to sell cash to customers through the EFT system.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.