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Apparatus for dispensing money orders

  • US 5,021,967 A
  • Filed: 03/16/1990
  • Issued: 06/04/1991
  • Est. Priority Date: 04/03/1984
  • Status: Expired due to Term
First Claim
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1. A system for issuing negotiable instruments to a purchaser comprising:

  • a point-of-sale negotiable instrument dispenser for issuing negotiable instruments at a predetermined location at the request of the purchaser where purchases of items other than negotiable instruments may be made;

    a digital processor associated with the dispenser and having a stored program for controlling the operation of the dispenser including the number of instruments issued in a given period of time and a predetermined total dollar value of the negotiable instruments;

    a memory associated with the digital processor for storing the dispenser transaction data relating to negotiable instruments issued, for storing a security code that authorizes printing of the negotiable instruments, and for maintaining the program for controlling the digital processor;

    a compartment in the dispenser for storing blank negotiable instrument forms;

    a printer in the dispenser for receiving negotiable instrument forms from the compartment and printing alphanumeric indicia thereon upon command from the dispenser; and

    a cash register coupled to the dispenser at the point-of-sale and having a keyboard for transmitting a security code to the digital processor control program authorizing the printing of the negotiable instrument and for sending negotiable instrument transaction instructions to the dispenser for use by the digital processor control program to cause the printer to print a negotiable instrument as requested by the purchaser;

    the cash register further comprising means for receiving stored transaction data from the dispenser.

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