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Automatic teller machine (ATM) Automated cash handling refers to the process of dispensing, counting, and tracking cash within various business environments using software and hardware devices such as banknote processing. Automated cash handling is used by banks, retail stores, check-cashing outlets, payday loan/advance providers, casinos, and ...
Normally, an employee is watching over several such checkouts to prevent theft or exploitation of the machines' weaknesses (for example, intentional misidentification of expensive produce or dry goods). Payment on these machines is accepted by debit card/credit card, or cash via coin slot and bank note scanner. Store employees are also needed ...
A currency-counting machine is a machine that counts money—either stacks of banknotes or loose collections of coins. Counters may be purely mechanical or use electronic components. The machines typically provide a total count of all money, or count off specific batch sizes for wrapping and storage.
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Cashmaster International is a manufacturer of money counting machines based in Dalgety Bay, Scotland. [1] The company makes machines that count cash by weight, an alternative to counting cash manually or using a traditional friction based banknote counter .
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In 1916, the USA granted the patent Machine for Assorting and Counting Paper Money. [4] The machine offered several slots for feeding banknotes by a cashier and used mechanical counters. It was used as Federal Bill Counter by the Federal Reserve System over several decades. [5] From 1957, the British De La Rue marketed the first counting ...
This progression, or flow, from machine to machine was often planned and documented with detailed flowcharts that used standardized symbols for documents and the various machine functions. [6] All but the earliest machines had high-speed mechanical feeders to process cards at rates from around 100 to 2,000 per minute, sensing punched holes with ...
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