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US 8,770,370 B2Granted
Handling of different classes of currency
AssigneeMEI, Inc.
InventorNeil M. Young
Life of this patent
Estimating the term…
Abstract
A money handling apparatus is arranged to receive items of currency and classify each into at least one class. Each class of currency items is stored and managed by the money handling apparatus in order to be able to extract the received items. In some implementations, the money handling apparatus is arranged to receive items of currency, store items of currency, receive at least one service media, and transport at least one stored currency item to a removable storage unit in a specified sequence or order.
Claims15
A money handling apparatus for dispensing items of currency and accepting at least one service media comprising:
- an authentication unit to classify received items of currency;
- at least one first storage unit coupled to the money handling apparatus to dispense items of received currency;
- a transportation mechanism to transport items of received currency to and from the at least one first storage unit;
- a removable storage unit to receive at least one item of received currency stored in the at least one first storage unit;
- the authentication unit having a mechanism for recognizing the at least one service media presented to the money handling apparatus as corresponding to a particular class of currency items capable of being stored by the at least one first storage unit;
- and,
- the transportation mechanism structured and arranged to transfer at least one item of currency, when present in the at least one first storage unit, to the removable storage unit when the item of currency belongs to the particular class corresponding to the at least one service media.
4 more elements
Dependencies are inferred from the claim text.