A. Rifkin Co.

Michael S Rifkin

A transponder system for monitoring and logging depository transactions in which bags loaded with funds to be deposited in a bank are put, one at a time, into a bank inlet hopper from which the bags drop through a chute into a vault. Incorporated in each bag is a tag in the form of a passive transponder adapted to receive a radio-frequency interrogation signal and to retransmit the signal as a coded signal defining a number identifying the bag. Installed in the vault is a transceiver that transmits the interrogation signal in a confined radiation field within the vault, the field being intercepted only when a tagged bag falls into the vault or is withdrawn from the vault. When the field is intercepted by a tagged bag, its transponder picks up the interrogation signal and transmits to the transceiver the coded signal identifying the bag. Each coded signal received by the transceiver is conveyed to a digital computer which registers the identity of the tagged bags and the time and date at which each bag is deposited or withdrawn from the vault. Data collected by the computer is printed out to provide a log of depository transactions.

Growing community of inventors

Kingston, PA, United States of America

Michael S Rifkin