Abstract: A point of sale (POS) receipt printer that includes a selective release mechanism that converts the printer into a check account verifying machine. The conversion mechanism magnetizes and selectively reads the account and bank information from existing magnetic characters on a check presented face-up to the receipt printer. The mechanism includes a magnet to magnetize the characters and a read head to read and analyze the signal waveform from each character. The check is pressed up against the read head and the magnetic characters are read only after the printing carriage of the receipt printer has moved to a dead zone within the printer housing.

Abstract: A printer for negotiating transactions at the point of sale in retail establishments. The POS printer includes a selective check reading mechanism that converts the receipt printer into a check reader. The mechanism includes a magnet to magnetize magnetic characters on a check and a read head to read and analyze the signal waveform from each character. The check is pressed up against the read head and the magnetic characters are read only after the printing carriage of the receipt printer has moved to a dead zone within the printer housing. In the dead zone, a tab, riding on the printing carriage, releases a spring-biased pivot arm. The pivot arm becomes free to pivot, thus releasing a spring-biased plunger, the face of which, in turn, forces the check and its indicia against the read head.

Abstract: A new paper loading system is featured with a convenient drop-in paper loading and a full slip path in a receipt printer. The paper is dropped into a paper receiving bucket disposed in the central portion of the printer. The paper is fed from the bucket; and thereafter, a receipt is printed. Then, the paper is cut to the appropriate receipt length. A slip path is also provided for insertion of a single or multi-part form used for credit or check validation. The relative position of the slip path would normally interfere with the drop-in loading of the paper supply roll into the bucket. The system allows the fixed blade assembly to support a slip path upon a rear surface thereof. The slip path is substantially parallel or adjacent to the paper receipt path, which passes between assemblies supporting a fixed blade and a movable, rotary blade. The fixed blade unlatches and pivots away from the rotary blade, thus opening the printer and exposing the paper loading bucket for access thereto.