Banknote strapping device and methods

1. A banknote strapping device comprising:

a banknote floor moveable between a floor home position and a floor strapping position, wherein a floor spring biases the banknote floor towards the floor home position;

a stacking and strapping column, wherein the banknote floor is disposed within the stacking and strapping column;

a banknote cradle having a cradle stacking position,

wherein when in the cradle stacking position, the banknote cradle is positioned near the floor home position in the stacking and strapping column so that banknotes from a transport path may be stacked on the banknote cradle; and

a plunger assembly having an anvil, wherein the plunger assembly is configured to move the anvil from an anvil home position in the stacking and strapping column on a first side of the cradle stacking position of the banknote cradle to an anvil strapping position located on a second side of the cradle stacking position,

wherein when a first predetermined number of banknotes have been stacked on the banknote cradle, a stack of banknotes that had been stacked thereupon is transferred to the banknote floor positioned at the floor home position,

wherein the anvil travels and contacts the stack of banknotes on the banknote floor causing the banknote floor to be pressed against the bias of the floor spring and the anvil further travels and overcomes the bias of the floor spring to move the stack of banknotes and the banknote floor to a strapping position, wherein the stack of banknotes is strapped when the anvil is at the anvil strapping position and the banknote floor is at the floor strapping position, and

wherein, after the stack of banknotes has been strapped, the plunger assembly horizontally pivots the anvil, about a plunger arm shaft disposed vertically with respect to the stacking and strapping column, out of the stacking and strapping column to avoid contact with the banknote cradle in the stacking and strapping column, raises the anvil above the cradle stacking position of the banknote cradle, and pivots the anvil back into the stacking and strapping column.

2. The banknote strapping device of claim 1 , wherein, to transfer the stack of banknotes from the banknote cradle to the banknote floor positioned at the floor home position, the banknote cradle retracts from the cradle stacking position to a cradle retracted position, and wherein the stack of banknotes is transferred to the banknote floor as the banknote cradle moves from the cradle stacking position to the cradle retracted position.

3. The banknote strapping device of claim 2 , wherein, when the banknote cradle is in the cradle stacking position, the banknote cradle is positioned within the stacking and strapping column above the banknote floor, and wherein, when the banknote cradle is in the cradle retracted position, the banknote cradle is positioned outside the stacking and strapping column.

4. The banknote strapping device of claim 2 , wherein after the anvil pivots out of the stacking and strapping column, the banknote floor returns to the floor home position.

5. The banknote strapping device of claim 1 , further comprising one or more fold units, wherein, at the anvil strapping position, the anvil is aligned with the one or more fold units and the one or more fold units fold a strap on the stack of banknotes.

6. The banknote strapping device of claim 5 , wherein the one or more fold units includes a cold fold unit and a hot fold unit, wherein the hot fold unit includes a heating element, wherein the cold fold unit moves to press a first side of the strap on the stack of banknotes, and wherein the hot fold unit moves to press a second side of the strap on the stack of banknotes and heat seal at least a portion of the strap.

7. The banknote strapping device of claim 1 , wherein the stack of banknotes strapped at the strapping position are ejected from the banknote strapping device directly from the strapping position.

8. The banknote strapping device of claim 7 , wherein ejecting the stack of banknotes includes moving the stack of banknotes strapped at the strapping position linearly out of the banknote strapping device.

9. The banknote strapping device of claim 7 , wherein ejecting the stack of banknotes includes ejecting the stack of banknotes on a dispensing ramp.