Apparatus and method for conducting financial transactions

Abstract

A currency dispensing apparatus employs a removable portable cartridge having a plurality of compartments for storing currency of differing denominations to be dispensed during successive transactions, another compartment for receiving a journal record printed as each transaction is completed, and a different compartment (preferably defined by a detachable portion of the cartridge) for storing rejected currency. Upon removal from the apparatus, the cartridge will thus contain all undispensed currency, including rejected currency, and also contain a complete journal record of all transactions conducted at the apparatus using that particular cartridge. The cartridge comprises two concentric members, the outer having an opening through which currency is dispensed, and the inner providing the compartments. The appropriate currency compartment is rotatably aligned with the dispensing opening, which is adjacent a dispensing station. The outer member is also rotatable independently of the inner member to change the position of the opening to enable detachment and later reinsertion of the different compartment. In a multiple dispensing station transaction terminal having three access stations 120.degree. apart, the outer member is rotatable to the respective stations so that all may be serviced by a single cartridge.