Kiosk currency dispensing systems and methods
AssigneeIntegrated Payment Technologies, LLC
InventorJulius Cato
Life of this patent
Estimating the term…
Abstract
An embodiment of a kiosk and currency management system and method enable quick and accurate exchanges of relatively large denomination input currency for relatively small denomination output currency. For example, the systems and methods enable the exchange of input currency having a first value and first denomination for output currency having a second lower value and a second lower denomination. Such exchanges may be quick and accurate, which may be desirable for the customer and the proprietor of the establishment into which a kiosk and currency management system is placed.
Claims20
A method for currency management comprising:
- providing an automated kiosk at a business locale;
- providing a sidecar locker storage assembly that is communicatively coupled to the automated kiosk at the business locale, wherein the sidecar locker storage assembly comprises a plurality of storage units having individual locks;
- receiving, at the automated kiosk, cash currency in one or more denominations having a first value from a first user, wherein the first value is greater than a second value, and the one or more denominations are greater than a second denomination;
- individually dispensing, by the automated kiosk, cash currency in the second denomination having the second value;
- and
- bulk dispensing, by the sidecar locker storage assembly, cash currency in the second denomination by unlocking one of the storage units, wherein the opened storage unit contains a bulk amount of cash currency in the second denomination at a third value, wherein a total value of the second value and the third value is equal to or less than the first value.
An automated kiosk system for currency management comprising:
- a currency receiving mechanism to receive cash currency in one or more denominations having a first value from a first user, wherein the first value is greater than a second value, and the one or more denominations are greater than a second denomination;
- a currency dispensing mechanism to individually dispense cash currency in the second denomination having the second value;
- a processor communicatively coupled to the currency receiving mechanism and the currency dispensing mechanism, wherein the processor is configured to control receiving and dispensing of cash currency;
- a sidecar locker storage assembly that is communicatively coupled to the processor, wherein the sidecar locker storage assembly comprises a plurality of storage units having individual locks,
- wherein the processor is further configured to control bulk dispensing, by the sidecar locker storage assembly, cash currency in the second denomination by unlocking one of the storage units, wherein the opened storage unit contains a bulk amount of cash currency in the second denomination at a third value, wherein a total value of the second value and the third value is equal to or less than the first value.
Dependencies are inferred from the claim text.