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BUSINESS TRANSACTION APPARATUS

  • US 3,705,384 A
  • Filed: 08/10/1971
  • Issued: 12/05/1972
  • Est. Priority Date: 08/10/1971
  • Status: Expired due to Term
First Claim
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1. In a multiple transaction business machine, including means for selecting a transaction or a plurality of transactions, totaling the cost of such transactions and determining the value of payment tendered in satisfaction of the cost of said transactions, payment evaluating means receiving credit media and negotiable instruments from a purchaser in tender of satisfaction of the cost of said transactions comprising:

  • first validating means scanning said credit media and negotiable instruments and generating a first information signal identifying a selected characteristic thereof;

    analyzing means receiving said information signal and including first confirmation means generating a first validation signal as a function of the authenticity of said credit media and negotiable instruments;

    second validating means scanning a selected characteristic of said purchaser, generating a second information signal as a function thereof and transmitting same to said analyzing means;

    said analyzing means including second confirmation means generating a second validation signal as a function of the authenticity of identity of said purchaser; and

    coincidence means receiving and responsive to said first and second validation signals, the cost of said transactions, and the value of payment tendered in satisfaction thereof, selectively constraining said business machine to complete said transaction upon the coincident occurrence of a predetermined relationship of said validation signals, said cost and said value of payment tendered.

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