Magnetic coded card acceptor
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Nov 10, 1981
Grant Date -
N/A
app pub date -
Oct 25, 1979
filing date -
Oct 25, 1979
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
This invention relates to a mechanison to read and process a prepaid, flexible, magnetically coded card bearing marked sections adapted be cut off representing value used. Upon insertion into the mechanison a forward/reverse drive means takes control of the card. The card is read and a decoder processes the code signals and signals a 'good code' or 'bad code' output which activates the forward or reverse drive of the card and associated means, including a card shear which acts upon the card at the decoder relected position, and to return the card.
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