Axiohm Transaction Solutions, Inc.

Jeffrey Koeple

Alan H Walker

Edward Chupka

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.

Selective release MICR mechanism

A printer and method for negotiating transactions at the point of sale in retail establishments. The POS printer includes a check feeding mechanism that feeds a check into receipt printer with a face-up orientation. 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 MICR is read only after the printing carriage of the receipt printer has moved to a position outside the print zone, within the printer housing. In this position, a tab, riding on the printing carriage, releases a spring-biased pivot plug. The pivot plug 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.

Receipt printer having a check reading mechanism with selective

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.

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Ithaca, NY, United States of America

Jeffrey Koeple