Henry Michael Stopar

US Patent:

48587443, Aug 22, 1989

Filed:

Feb 16, 1988

Appl. No.:

7/156038

Inventors:

Anthony H. Dolejs - Bedford Heights OH
Henry M. Stopar - Eastlake OH
Patrick Swetel - Eastlake OH

Assignee:

Ardac, Inc. - Eastlake OH

International Classification:

G07F 704
G07D 700

US Classification:

194206

Abstract:

A vertical slot-type currency validator has a note path which includes pressure elements for urging the bill into proper registration with a magnetic reading head within the path. The slot acceptor further includes an optical interrupt and restricting tab which is operative to indicate a bill has actually been stacked while preventing unauthorized attempts at removal of the bill. Further, a sensor is provided at the top of the note path to assure that the note has actually reached the full end of the path and is properly aligned for punching into the stack. A pair of side rails are provided for vertical transport of the bill, such side rails being slightly angled inwardly toward the center of the note path and including ball rollers which facilitate movement of the bill in any direction, and particularly into a stack under control of a punch. The punch includes a rubberized pad overlaying a rigid back plate for efficiently removing the bills for the rails.