Patent · US Expired

System and method for providing farebox accountability

US6125988A · kind A · utility

22Cited by
23References
56Claims
0Family size

Assignee

Inventor

Key dates

Filing dateApr 13, 1998
Grant dateOct 3, 2000
Priority date
Expiry dateApr 13, 2018

Classification

  • Technology area (CPC G)Physics
  • CPC primaryG07B15/00
  • WIPO fieldControl
  • WIPO sectorInstruments

Abstract

A system and method are shown for providing accounting for the collection of monies in a plurality of independently operated transaction stations. Each transaction station is provided with a uniquely identifiable secure cashbox or vault in which to store monies received in a transaction. The transaction stations include electronics sufficient to validate, verify, and tally received monies. The transaction stations record information with respect to the received monies as well as the identification of the cashbox into which it is stored. The transaction stations are probed upon removal of the cashbox in order to download the recorded information into a control system. The removed cashboxes securely contain the received monies until opened in a secure environment for emptying. When emptied, the money contents are independently verified and matched with the unique identification of the cashbox from which it came. Thereafter, the probed information from the transaction station is compared against the information with respect to independent verification of the cashbox.

Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.