Patents Assigned to Avco Investment Management Corporation
  • Patent number: 4325494
    Abstract: A single-bill currency dispenser incorporates a self-contained cartridge for storing a quantity of bills of a single denomination, and dispensing the bills singly in response to electrical control signals. The bills are loaded into the cartridge in a vertical stack of bills which may, if desired, be arranged in serial number order, and are dispensed one at a time from the top of the stack. The serial number of the bill next to be dispensed is visible through a window in the top of the cartridge case. A roller engages the topmost bill at the top of the stack and urges it forward to be received by a belt conveyor. Passage of a single bill through the conveyor triggers a switch to indicate that dispensing is occurring, and passage of two or more bills at the same time through the conveyor triggers a second switch, causing the bills to be ejected into an escrow tray.
    Type: Grant
    Filed: June 19, 1979
    Date of Patent: April 20, 1982
    Assignee: Avco Investment Management Corporation
    Inventor: Leonard A. Fish
  • Patent number: 4318354
    Abstract: A compact automatic teller machine has an elevator assembly, a plurality of bill dispensers are located on one side of the elevator assembly for dispensing bills of one or more denominations to said elevator assembly, whereby the bills are made available to an operator at the upper part of the elevator assembly. A steel back plate assembly is provided with slides for supporting a front cover for sliding relationship relative to the back plate, and steel plates making up the back plate assembly, and the cover, define two separate secure compartments, for the bill dispensers and for a deposit box. Access to the sides of both secure compartments is permitted when the cover is opened. Multiple locking means is provided for locking the cover in closed relationship to the back plate.
    Type: Grant
    Filed: February 5, 1979
    Date of Patent: March 9, 1982
    Assignee: Avco Investment Management Corporation
    Inventor: Leonard A. Fish