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Apparatus for issuing a card having a predetermined monetary value

  • US 3,984,660 A
  • Filed: 05/23/1974
  • Issued: 10/05/1976
  • Est. Priority Date: 05/31/1973
  • Status: Expired due to Term
First Claim
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1. An apparatus for receiving and dispensing cards capable of having recorded thereon a predetermined monetary value and which are useful in purchasing tickets in automatic ticket gates in commutation systems, said apparatus comprising:

  • a. means for receiving and retaining a first card which is presented to said apparatus by a customer, said first card having recorded thereon a first monetary value, said receiving and retaining means including means defining an inlet to said apparatus through which said first card is to be inserted, a receptacle for retaining said first card, and means for conveying said first card from said inlet to said receptacle;

    b. first means for reading and storing said first monetary value, said first means being located along said conveying means between said inlet and said receptacle;

    c. second means for entering and storing a second monetary value corresponding to the value of money presented to the apparatus by the customer;

    d. third means for calculating and storing from said first and said second monetary values a third monetary value;

    `e. means for recording said third monetary value on a second card;

    f. means for dispensing said second card to the customer, andg. means for invalidating said first card after said first monetary value has been read thereform, said invalidating means being located along said conveying means between said first means and said receptacle.

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