Financial document dispensing apparatus and method

• US 5,477,037 A
• Filed: 03/11/1994
• Issued: 12/19/1995
• Est. Priority Date: 10/30/1991
• Status: Expired due to Term

• Current Assignee: Intuit, Inc.
• Original Assignee: Computer Based Controls, Inc. (Intuit, Inc.)
• Inventors: Berger, Caesar
• Primary Examiner(s): Nguyen, Viet Q.
• Application Number:
  US08/212,687
• Time in Patent Office: 648 Days
• Field of Search: 235/381, 235/379, 364/308, 364/479, 364/401, 340/825.34, 283/57, 283/58, 209/583, 400/207, 902/18, 902/24, 902/36, 380/23, 380/24, 380/25
• US Class Current: 235/379
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 40/128 Check-book balancing, updating or printing arrangements
• CPC Class Codes: G07F 17/26 for printing, stamping, franking, typing or teleprinting apparatus ticket printing or the like apparatus G07F17/42

Abstract

A dispenser produces negotiable money orders, traveler'"'"'s checks, and the like at remote locations and prints the check amount on the check while also printing summary data of a day'"'"'s activities on a blank check form, eliminating the need for a separate printer and paper supply. The dispenser prints the check amount using print icons that form a part of each character in the check amount, but are not as large as a complete character or as small as a dot print element. The check forms are connected together by perforation ties, and the dispenser feeds the forms to the printer such that the force with which the dispenser holds the forms is greater than the force needed to tear apart the forms, thus reducing the risk of unauthorized pulling of blank forms from the dispenser.

Claims

1. A dispenser for printing both negotiable instruments and transaction summaries, comprising:

a terminal by which a dispenser operator enters transaction data corresponding to desired issuance of a printed negotiable instrument;

a printer that receives blank negotiable instrument forms, the printer issuing the printed negotiable instruments and also printing the transaction summaries, both on the blank negotiable instrument forms;

wherein the printer prints upon the blank negotiable instrument forms in landscape format to issue the printed negotiable instruments, and upon the blank negotiable instrument forms in portrait format to print the periodic transaction summaries; and

,

a data processor that is coupled to the terminal to receive the transaction data, and that

directs the printer to issue the printed negotiable instruments in response to the transaction data,

compiles the periodic transaction summaries representing the issuance of one or more negotiable instruments, and

periodically directs the printer to print the transaction summaries.

2. A dispenser according to claim 1, wherein the data processor includes software that causes the printer to print the transaction summaries following passage of a predetermined time interval.

3. A dispenser according to claim 1, wherein:

the dispenser further comprises

a card reader that accepts a card having encoded information and that reads therefrom the encoded information, and

a modem that is utilized by the data processor to selectively couple the dispenser to a financial institution associated with the encoded information; and

the data processor communicates with the financial institution to verify the card and encoded information.

4. A dispenser according to claim 1, further comprising a memory unit that is operatively connected to the data processor and that stores security codes for authorized dispenser operators.

5. A dispenser according to claim 1, wherein the data processor includes software that causes the data processor to accept and verify security code data from authorized dispenser operators, verify user identification by communication with a financial institution, and control the delivery of periodic summary transaction reports to a host computer.

6. A dispenser according to claim 1, further comprising icon means for printing in the landscape format using print icons.

7. A dispenser according to claim 1, further comprising switching means for switching between negotiable instrument printing and transaction summary printing modes.

8. A dispenser according to claim 1, wherein:

the printer includes means for receiving a fanfold arrangement of blank negotiable instrument forms and for advancing the same during printing to permit withdrawal of printed negotiable instruments; and

the dispenser further comprises locking means for selectively retaining blank negotiable instrument forms with a force that is greater than the force needed to break perforation ties of the fanfold arrangement.

25. A dispenser according to claim 1, wherein:

the printer receives a fanfold arrangement of blank negotiable instrument forms and includes a feed mechanism that advances the blank negotiable instrument forms during printing;

the dispenser further comprises a mechanism that selectively engages the fanfold arrangement and causes separation between a printed negotiable instrument and the fanfold arrangement negotiable instrument forms when the printed negotiable instrument is pulled from the dispenser faster than advancement of the fanfold arrangement by the feed mechanism.

9. A dispenser according to claim 36, wherein:

the printer selectively prints the alphanumeric characters in one of enlarged and normal sizes;

the array of print icons provides, when the printer selectively prints the alphanumeric characters in enlarged size; and

wherein the printer receives the prints icons and print alphanumeric characters represented thereby upon the blank negotiable instrument in enlarged size.

10. A dispenser according to claim 9, wherein the printer includes an electronic memory that stores the array.

11. A dispenser according to claim 10, wherein the memory of the printer includes writable memory locations that may be written to by software to each store a pattern representing a particular print icon.

12. A dispenser according to claim 10, wherein the memory of the printer includes memory locations that correspond to seldom used alphanumeric characters of the United States of America Standard Code For Information Interchange format that are selectively replaced with data corresponding to print icons.

13. A dispenser according to claim 12, wherein the printer includes at least sixteen memory locations that are replaced with data corresponding to print icons.

14. A dispenser according to claim 9, wherein the array of print icons is configured such that the printer operates as it otherwise would when printing an alphanumeric character in normal size in portrait format, but instead prints a plurality of icons that cooperate to form enlarged size alphanumeric characters in landscape format.

15. A dispenser according to claim 9, wherein:

the dispenser further comprises

a card reader that accepts a card having encoded information and that reads therefrom the encoded information, and

a modem that is utilized by the data processor to selectively couple the dispenser to a financial institution associated with the encoded information; and

the data processor communicates with the financial institution to verify the card and encoded information.

16. A dispenser according to claim 9, wherein:

the printer includes means for receiving a fanfold arrangement of blank negotiable instrument forms and for advancing the same during printing to permit withdrawal of printed negotiable instruments; and

the dispenser further comprises locking means for selectively retaining blank negotiable instrument forms with a force that is greater than the force needed to break perforation ties of the fanfold arrangement.

23. A dispenser according to claim 9, further comprising communication means for sending a summary of transaction data and operations stored in the data processor during a predetermined time interval to a data center.

24. A dispenser according to claim 9, wherein a plurality of the print icons represent a portion of an alphanumeric character of enlarged size, which is thereby formed by a combination of the plurality of the print icons.

17. A dispenser according to claim 36, wherein:

the printer receives a fanfold arrangement of blank negotiable forms and is controlled by the data processor to sequentially print upon the blank negotiable forms to thereby issue the printed negotiable instruments, the printer having a feeder mechanism that advances the negotiable instruments in a manner that prevents an individual from removing a negotiable instrument form, other than during the directed issuance of printed negotiable instruments by the data processor, the feeder mechanism including

a sensor mechanism that provides a signal indicative of the speed of advancement of the fanfold arrangement;

a feed mechanism having both a locked state, wherein the fanfold arrangement may not be advanced within the printer, and also in an unlocked state wherein the fanfold arrangement may be advanced within the printer such that the negotiable instruments may be issued from the printer; and

,

a comparator mechanism coupled to the feed mechanism, the comparator mechanism receiving said signal indicative of the speed of advancement and causing the feed mechanism to enter

the locked state when the speed of advancement of the fanfold arrangement exceeds a predetermined rate, and

the unlocked state when the speed of advancement of the fanfold arrangement as determined from the signal does not exceed the predetermined rate.

18. A dispenser according to claim 17, wherein:

said sensor mechanism includes an optical sensor that is positioned adjacent an advancement path of the blank negotiable instrument forms to detect the forms during printing and that provides a signal to the data processor as each negotiable instrument is printed; and

the feed mechanism includes a pair of solenoids that are selectively moved between the locked and unlocked states by the comparator mechanism.

19. A dispenser according to claim 17, wherein the comparator mechanism includes software of the data processor operating to

receive the signal from the sensor and determine whether an alignment mark has been sensed by the sensor;

and

move the feed mechanism to the locked state if a predetermined number of alignment marks have been detected during a predetermined interval of time.

20. A dispenser according to claim 17, further comprising icon means for printing in the landscape mode using print icons.

21. A dispenser according to claim 17, further comprising transaction summary printing means for controlling the printer to selectively print both negotiable instruments, in landscape format, and transaction summaries, in portrait format.

22. A dispenser for dispensing a printed negotiable instrument, comprising:

a terminal by which a dispenser operator enters transaction data corresponding to the desired issuance of the printed negotiable instrument;

a printer that prints alphanumeric characters upon a blank negotiable instrument form to thereby issue the printed negotiable instrument;

a data processor that is coupled to the terminal to receive the transaction data, and to output electronic data representing the alphanumeric characters;

one of the data processor and the printer includes an array of alphanumeric characters including both normal characters for printing in portrait format and also print icons, representing characters oriented ninety degrees relative to the normal size characters, corresponding to landscape format;

wherein the printer prints the alphanumeric characters upon the blank negotiable instrument.

26. A dispenser according to claim 22, wherein:

the printer receives a fanfold arrangement of blank negotiable instrument forms and includes a feed mechanism that advances the blank negotiable instrument forms during printing;

the dispenser further comprises a mechanism that selectively engages the fanfold arrangement and causes separation between a printed negotiable instrument and the fanfold arrangement negotiable instrument forms when the printed negotiable instrument is pulled from the dispenser faster than advancement of the fanfold arrangement by the feed mechanism.