Machine and Method for Self-Service Cash Redemption and Cash Recycling
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United States of America Patent
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Issued Date -
Jan 21, 2010
app pub date -
Sep 14, 2006
filing date -
Sep 15, 2005
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A cash redemption and dispensing machine (10) has a housing (12), a first intake area (19) for receiving a batch of unsorted coins, an output device (55) for providing the customer with a credit for the coins deposited in the machine (10), a dispensing area formed on a back side of the housing (10) for receiving a portable receptacle (22) into which the coins are dispensed in a sorted condition, a coin processing mechanism (21, 30, 29, 46, 50) for processing the coins that are deposited into the machine through the first intake area so that the coins can be dispensed by denomination through the dispensing area in the back side of the machine, and a controller (53) electronically connected to the coin processing mechanism (21, 30, 29, 46, 50) for calculating a first total for an amount of coins received through the first intake area, the controller (53) also being electrically connected to the coin processing mechanism (21, 30, 29, 46, 50) to track a second total for the coins being dispensed to the employee. A method of recycling coins is also disclosed.
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