IP Library Granted Patent US 6,994,202
Granted Patent B1
US 6,994,202 · App. 09/543,164 · Granted Feb 7, 2006

Money acceptance method and apparatus

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Quick Facts
Patent No.
US 6,994,202
App. No.
09/543,164
Granted
Feb 7, 2006
Kind
B1
Abstract

A vending machine provides a warning indication that insufficient change may be available if the total amount of available change is less than the value of the highest-denomination monetary unit which is not refundable. An insufficient change indication is also provided in response to inserting a coin or instructing a vending operation which would result in the amount of refundable change being less than the correct amount by a value which is greater than a predetermined, alterable overpay amount.

Claims (13)

1. A vending machine, which is operable to accept monetary units in a plurality of denominations, and to dispense change in at least one of said denominations but not in at least one further denomination, the vending machine having display means arranged to give first and second indications that insufficient change may be available from the machine to a customer making a purchase, the first indication being given as a warning prior to a transaction being initiated when the amount of available change in the machine is less than the value of the highest-value among said at least one further denomination, and the second indication being given after a transaction has been initiated and a monetary unit has been deposited, the second indication being given in dependence on parameters including the money available for change and the value of the deposited monetary unit, each indication being produced in response to the detection of a respective set of conditions.

2. A vending machine as claimed in claim 1 , wherein the circumstances giving rise to the second indication also cause the deposited monetary unit to be refunded.

3. A vending machine which has a display means and which is operable, in response to selection of a product for vending, to compare the difference between the value of deposited money and the product price with the available change, and to inhibit the vend if that difference exceeds a predetermined allowable overpay amount, the machine being operable in these circumstances also to cause the display means to provide an indication that insufficient change may be available from the machine and to allow selection of a product of different price.

4. A vending machine which is operable to prevent acceptance of a monetary unit in dependence on the availability of monetary units for dispensing as change and operable to inhibit a vend operation in dependence on a vend price, a credit value corresponding to the value of one or more accepted monetary units and the availability of monetary units for dispensing as change, said vending machine having display means arranged to provide an indication to a customer in response to receipt of a monetary unit which is so prevented from being accepted.

5. A vending machine as claimed in claim 4 , wherein the display means is arranged to provide an indication to a customer when a vend operation is inhibited.

6. A vending machine as claimed in claim 4 , wherein the machine is arranged, when a vend has been inhibited, to allow a customer to select a vend at a different price.

7. A vending machine comprising:

means for accepting payments in units of different denominations, for performing vends, for determining that insufficient change is available, and for dispensing change, wherein if insufficient change is available then either (i) a lesser amount of change is dispensed or (ii) a requested vend is inhibited depending on whether the difference between the available change and the correct change is equal to or less than a predetermined allowable overpay amount;

means for providing a warning indication prior to initiating a transaction if the available change meets a predetermined criteria and if the allowable overpay amount is non-zero; and

means for permitting alteration of a stored parameter defining the allowable overpay amount.

8. A vending machine as claimed in claim 7 , wherein the predetermined criterion is met when the available change is less than the value of the lowest denomination non-refundable payment unit.

9. A vending machine as claimed in claim 7 , which is operable to provide an “exact change” indication to a customer when a requested vend is inhibited.

10. A vending machine as claimed in claim 9 , wherein the machine is operable, when inhibiting a vend, to permit the customer to request a vend at a different price.

Assignments (7)
CHANGE OF NAME Recorded Oct 27, 2015
From: MEI, INC.
To: CRANE PAYMENT INNOVATIONS, INC.
Reel/Frame 036981/0237 →
RELEASE OF SECURITY INTEREST IN INTELLECTUAL PROPERTY COLLATERAL RECORDED AT REEL/FRAME 031095/0513 Recorded Dec 11, 2013
From: GOLDMAN SACHS BANK USA, AS COLLATERAL AGENT
To: MEI, INC.
Reel/Frame 031796/0123 →
SECURITY AGREEMENT Recorded Aug 27, 2013
From: MEI, INC.
To: GOLDMAN SACHS BANK USA, AS COLLATERAL AGENT
Reel/Frame 031095/0513 →
RELEASE OF SECURITY INTEREST Recorded Aug 23, 2013
From: CITIBANK JAPAN LTD.
To: MEI, INC.
Reel/Frame 031074/0602 →
CHANGE OF SECURITY AGENT Recorded Aug 16, 2007
From: CITIBANK, N.A.., TOKYO BRANCH
To: CITIBANK JAPAN LTD.
Reel/Frame 019699/0342 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jul 6, 2006
From: MARS, INCORPORATED
To: MEI, INC.
Reel/Frame 017882/0715 →
SECURITY AGREEMENT Recorded Jun 20, 2006
From: MEI, INC.
To: CITIBANK, N.A., TOKYO BRANCH
Reel/Frame 017811/0716 →