Abstract: A system for issuing printed documents exchangeable for value having interconnected printer and feeder modules. The printer module includes a printing station having a printhead supported for reciprocal movement in a direction transverse to the path of movement of the print medium. A sensor carried by the printhead is operative to sense and read preprinted indicia on the print medium. The feeder module includes a receptacle for storing the print medium as a continuous form. A slot is provided for enabling the insertion of print media external to the feeder module. A gate mechanism blocks the feed slot under predetermined operating conditions. A first drive mechanism is operative to feed the print medium from the receptacle towards the printing station. A severing mechanism is operative to sever the lead document from the supply. A severing sensor detects failure of the severing mechanism.

Abstract: Disclosed is an apparatus and method for issuing documents of value such as money orders, gift certificates, utility remittances, phone card, payroll, etc. An apparatus according to the disclosure may include a compartment for receiving substrates on which information associated with a document of value is printed, a code reader which reads codes uniquely associated with each substrate from the substrates, a printer that prints information on the substrates, and a control terminal for controlling the code reader and printer. The control terminal is configured for communication with the code reader and for detection and recordation of the codes uniquely associated with each substrate. The control terminal may detect and record deviations from an expected order of the codes uniquely associated with the substrates upon the substrates being received in the apparatus.