Importance

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Abstract

A high speed, computer controlled banding machine provides fully automated teller stations for completing banking functions in response to a coded credit card presented thereto. A complete banking system normally consists of four remote terminals (customer consoles), interconnected to an electronic module containing a central controller, local journal printer, status monitor panel and bulk storage. Each remote terminal includes a magnetic stripe card handler, currency dispenser, instruction display, function keyboard, numeric keyboard, control and communications electronics, receipt printer, power supply and supervisory key switch. Periodic system update and check-out, including the loading of bad account numbers into the system, is provided by operation of the supervisory key switch to place the system in a supervisory mode. Rotating the switch into a supervisory position on any one of the remote terminals places the entire system in a supervisory mode, and one of the remote terminals becomes a supervisory console providing means for entering system data through the numeric keyboard. When in the supervisory mode an operator selects one of several functions for setting the operational parameters of the system. The selected functions include setting the time of day, setting the calendar date, updating a bad account file and activating an accounting function.

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First Claim