Patent ID: 7845573
Filing Date: 2010-12-07
Classification: B65H,G06Q,G07D,G07F

Abstract:
1. An automated teller machine (ATM) comprising: a banknote presenter mechanism to present banknotes to a user; and a storage device for storing banknotes comprising: a banknote port; a rotary drum; a winding and unwinding mechanism for winding a magnetic recording tape onto the rotary drum to store banknotes, and for unwinding the magnetic recording tape from the rotary drum to dispense stored banknotes through the banknote port; a magnetic write head for writing transaction details on the magnetic recording tape as the magnetic recording tape is wound onto the rotary drum and the banknotes are stored, the magnetic write head being arranged to write the transaction details at or near a portion of the magnetic recording tape corresponding to the portion of magnetic recording tape that stores the banknotes; and a magnetic reading head for reading the transaction details, as the magnetic recording tape is unwound from the rotary drum and the banknotes are dispensed.