Patent ID: 6567722
Filing Date: 2003-05-20
Classification: G07D,G07F

Abstract:
An apparatus for storage and dispensing of bank notes, comprising,a compartment module having several compartments arranged adjacent to one another to move as a unit, each said compartment structured and arranged to receive a single note, partitions arranged to separate each said compartment from an adjacent compartment, each said compartment open at opposite ends thereof between said respective partitions, said compartment module together with said individual compartments thereof forming a magazine, guides upon which said compartment module is movably and reciprocatingly arranged in a direction substantially perpendicular to both opposite open ends of each said compartment, a slider reciprocatingly movable and arranged for storage of the bank notes within said magazine, said magazine and slider positioned with respect to one another with said slider structured and arranged to push each said bank note positioned in front of an opening of a respective compartment of said magazine into said respective compartment and fold said respective bank note in a substantially transverse middle plane thereof, with said respective compartment positioned substantially adjacent said transverse middle plane of said respective bank note, such that each said bank note is inserted into said respective compartment in folded condition along said substantially transverse middle plane thereof and retained therein in flat and folded condition, and for dispensing of a respective bank note, said magazine with said compartment storing the same is movable to a position to dispense the same from the respective opposite end opening of said compartment, wherein said compartment module is reciprocatingly arranged upon said guides to move in a direction substantially normal to said reciprocatingly movable direction of said slider, with said slider structured and arranged to fold and insert said respective bank note into said compartment in an insertion end of said two opposite ends of each said compartment, and additionally comprising a gripper structured and arranged to grip and extract said respective bank notes from said respective compartments from the opposite extraction end of each said compartment, over a loop in a region of a fold crease in the respective bank note.