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Off-line cash dispenser and banking system

  • US 3,941,977 A
  • Filed: 07/29/1974
  • Issued: 03/02/1976
  • Est. Priority Date: 09/01/1972
  • Status: Expired due to Term
First Claim
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1. An automatic banking system for serving a plurality of users comprising:

  • a card reader for reading information from a coded card;

    the encoded information on the card including;

    a. information relating to the duration of a usage interval; and

    b. information relating to a specified date bearing a predetermined relationship to said usage interval;

    means for performing a specified banking transaction when the current date bears a first predetermined relationship to said specified date information and for denying said specified banking transaction when the current date bears a second predetermined relationship to said specified date information; and

    means for revising said specified date information encoded on said card by an amount at least equal to said usage interval incident to performing said specified banking transaction.

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