Patent ID: 8100395

Claim:
An apparatus for accumulating and dispensing of bank notes supplied thereto from validator means, said apparatus comprising: a housing including an intake chamber and an accumulating chamber, an inlet port through which a bank note is supplied to the intake chamber and an outlet port through which bank notes are dispensed; a note pulling means for engaging a lead edge of a banknote adjacent said inlet port and drawing the banknote into said intake chamber, said note pulling means comprises at least one belt drive means with at least one spring claw for engaging said lead edge of a bank note; a stacking means for transferring a bank note from said intake chamber into said accumulating chamber, said stacking means comprising two reversible swivel frames with each swivel frame having a longitudinal revolving panel positioned along opposite sides of a banknote received in said intake chamber; dispensing means in said accumulating chamber for dispensing banknotes accumulated in said accumulating chamber through said outlet port; said dispensing means comprising a spring loaded roll pallet; and drive means for operating said belt drive and said reversible swivel frames.