IP Library Granted Patent US 8,770,370
Granted Patent B2
US 8,770,370 · App. 13/120,291 · Granted Jul 8, 2014

Handling of different classes of currency

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Quick Facts
Patent No.
US 8,770,370
App. No.
13/120,291
Granted
Jul 8, 2014
Kind
B2
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.

Claims (21)

1. 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.

2. The money handling apparatus according to claim 1 wherein the at least one storage unit comprises a storage drum.

3. The money handling apparatus according to claim 1 wherein the at least one storage unit comprising at least two storage drums.

4. The money handling apparatus according to claim 3 wherein the at least two storage drums are configured to store different quantities of currency items.

5. The money handling apparatus according to claim 1 further comprising a control unit to control operation of the money handling apparatus.

6. The money handling apparatus according to claim 5 wherein the control unit is arranged to store characterization information for at least one class of currency item.

7. The money handling apparatus according to claim 5 wherein the control unit is arranged to store characterization information for at least one service media.

8. The money handling unit according to claim 5 wherein the control unit is arranged to recognize at least one service media.

9. The money handling unit according to claim 8 wherein the service media is a coupon received by the authentication unit.

10. The money handling apparatus according to claim 9 wherein the authentication unit is arranged to characterize at least one service media.

11. The money handling apparatus according to claim 1 further comprising a communications unit.

12. The money handling apparatus according to claim 11 wherein the communications unit is arranged for wireless communication with a component external to the money handling apparatus.

13. The money handling apparatus according to claim 12 arranged to receive a service media via a wireless communication from a remote network.

14. The money handling apparatus according to claim 1 wherein the service media is a coupon inserted into the money handling apparatus.

15. The money handling apparatus according to claim 11 wherein the service media is received by the communications unit from an external component.

Assignments (6)
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 →
SECURITY AGREEMENT Recorded Feb 22, 2012
From: MEI, INC.
To: CITIBANK JAPAN LTD., AS SECURITY AGENT
Reel/Frame 027742/0962 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Mar 22, 2011
From: YOUNG, NEIL M.
To: MEI, INC.
Reel/Frame 025998/0147 →