Patents by Inventor Michael E. Schneidman

Michael E. Schneidman has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Method of receiving and paying out bills
    Patent number: 8479977
    Abstract: A method of receiving and paying out bills including the steps of providing a bill passage in about the central portion of an elongate casing that extends along one side of a bill receiving chamber having a bill payback: outlet; providing a bill conveying apparatus for conveying a bill delivered to said bill passage to a predetermined position for receiving it; utilizing a bill pushing member being capable of moving in a reciprocating motion across said passage to bill receiving chamber when the bill located at said predetermined position in said passage to be received, effects receiving of the bill by pushing it with a surface of said bill pushing member across from said passage; disengaging the rearmost bill from said bill receiving chamber by operating bill extracting apparatus in the reverse direction by a predetermined amount while said bill pushing member is activated causing it to extract away and pull out from a rearmost bill leading edge retainer which holds the remaining bills in position; and, oper
    Type: Grant
    Filed: October 22, 2007
    Date of Patent: July 9, 2013
    Assignee: Coin Acceptors, Inc.
    Inventors: Roger O. Claghorn, Michael E. Schneidman
  • METHOD OF RECEIVING AND PAYING OUT BILLS
    Publication number: 20110125311
    Abstract: A method of receiving and paying out bills including the steps of providing a bill passage in about the central portion of an elongate casing that extends along one side of a bill receiving chamber having a bill payback: outlet; providing a bill conveying apparatus for conveying a bill delivered to said bill passage to a predetermined position for receiving it; utilizing a bill pushing member being capable of moving in a reciprocating motion across said passage to bill receiving chamber when the bill located at said predetermined position in said passage to be received, effects receiving of the bill by pushing it with a surface of said bill pushing member across from said passage; disengaging the rearmost bill from said bill receiving chamber by operating bill extracting apparatus in the reverse direction by a predetermined amount while said bill pushing member is activated causing it to extract away and pull out from a rearmost bill leading edge retainer which holds the remaining bills in position; and, oper
    Type: Application
    Filed: October 22, 2007
    Publication date: May 26, 2011
    Inventors: Roger O. Claghorn, Michael E. Schneidman