Abstract: An electronic lock system adapted for use with receivers, such as parking meters, that include storage means and an electronically operable actuator for providing access to material such as coins contained within the storage means in response to an electronic actuation signal. The electronic lock system comprises an access device and an electronic lock associated with each receiver. The access device includes means for storing a plurality of access codes such that each access code is associated with a unique identification code. Each electronic lock comprises means for storing a particular identification code and a passcode, and identification code means for providing the particular identification code. The access device also includes access code means for receiving the particular identification code and for providing the associated particular access code.