Automatic fare paying device for vehicles and method
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United States of America Patent
Stats
-
Mar 20, 2007
Grant Date -
Jul 15, 2004
app pub date -
Oct 9, 2003
filing date -
Oct 11, 2002
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A compact fare paying device has a housing for receiving a monetary member and at least one verifier unit in the housing for determining the authenticity of the monetary member. A storage device such as a safe can receive the monetary member or a return device can return it to the user. A control unit can compute the monetary value of the monetary member and compare the monetary value to a stored required fare value. If the monetary value is greater than the fare value, the monetary member can then be translated to the return device. If the monetary value is less than the stored fare value, the monetary member is stored for a predetermined time period to enable the user to deposit the required fare. If it is not deposited within the predetermined time period, the temporarily stored monetary value is translated to the return device.
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Family
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Cited Art Landscape
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