Currency removal sensor system

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 5512877
SERIAL NO

08437513

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A currency removal sensor system for detecting removal of currency from a cash drawer includes a tray base positioned within the bottom of the cash drawer and a removable tray sitting on top of the base. A sensor is mounted at a predetermined location in the tray base and is coupled to alarm circuitry. The tray includes a number of currency compartments, at least one of the currency compartments including a pivoting currency clip having an upward position and a downward position. The currency clip includes a magnet which is suspended away from the sensor in the base when the clip is in the upward position and which lies proximate the sensor when the clip is in the downward position to activate the sensor and initiate an alarm. A stack of currency is placed beneath the clip arm to suspend the arm and prevent an alarm when the tray is on the tray base in the cash drawer whereby the currency tray, which is not electrically or physically connected to the tray base, may be quickly and easily removed from the base and cash drawer without initiating an alarm; however, removing the currency from the compartment when the tray is in the drawer allows the clip device to fall to the downward position and initiate an alarm.

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Patent Owner(s)

Patent OwnerAddress
DIEBOLD INCORPORATED5995 MAYFAIR ROAD NORTH CANTON OH 44720

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Gels, James R Fairfield, OH 1 6
Smith, Robert D Cincinnati, OH 46 785
Snyder, Steven A Loveland, OH 12 171

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