Abstract: A banknote recycler (100) including an externally accessible banknote transport path comprises a spine module (112) operable to support and couple with one or more other modules, an accepting module (106) operable to couple to the spine module (112) and to receive and transport banknotes through a portion of the banknote recycler (100), a sensing module (104) operable to recognize banknotes received in the banknote recycler (100), a recycling module (108) operable to receive banknotes from, and dispense banknotes to, one or more other modules in the banknote recycler (100), and a cashbox module (110) operable to store banknotes received from one or more other modules in the banknote recycler (100), wherein one or more of the accepting module (106), the sensing module (104), the recycling module (108), and the cashbox module (110) include at least one openable panel (410) providing access to a banknote transport path.

Abstract: A banknote drive arrangement adjacent a banknote inlet repositions and drives a banknote into a banknote processing pathway for validation. The drive arrangement includes two drive rollers preferably spaced either side of a longitudinal axis of the pathway and adjacent to the banknote inlet. Each drive roller is separately controlled to allow different rotational speeds thereof (and forward and rearward movement Of a banknote) to allow shifting of a received end portion of a banknote before receiving the entire length of the banknote. This arrangement is preferably used with a sensing arrangement for sensing misalignment of an inserted banknote and if sensed, using the different rotational speeds to correct misalignment and preferably center a banknote in the processing pathway.

Abstract: A banknote acceptor illuminates a banknote as it passes through an evaluation channel in a manner to locate the banknote in the width of the channel. A photo sensor array receives reflected light from the surface of the banknote and has a series of responsive divisions across an illuminated banknote. These divisions are sampled and analysed according to the banknote position to determine the authenticity of the banknote. Both apparatus and method steps are disclosed.

Abstract: A banknote acceptor illuminates a banknote as it passes through an evaluation channel in a manner to locate the banknote in the width of the channel. A photo sensor array receives reflected light from the surface of the banknote and has a series of responsive divisions across an illuminated banknote. These divisions are sampled and analysed according to the banknote position to determine the authenticity of the banknote. Both apparatus and method steps are disclosed.

Abstract: A banknote validator/dispenser having a plurality of banknote accumulators includes a computer control module that stores banknote receipt and dispensing transaction history information. The computer control module uses this information as part of a statistical analysis used to vary an operating procedure of the banknote validator/dispenser. In one embodiment, the operating procedure is associated with a decision whether to accept a transaction requiring the dispensing of change from banknotes stored in the banknote accumulators. This decision includes an assessment of the ability to accept future transactions if the current transaction is accepted. In a different embodiment the operating procedure is associated with a change in the denomination of banknotes being accumulated.