Multi-slot ATM with Dedicated Denomination Dispensing
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Solution Overview
Problem
Conventional ATMs are limited in their ability to dispense specific currency denominations and fail to effectively communicate which bills are dispensed to vision-impaired users, as they typically have single currency dispensing components without clear indication of denomination.
Innovation Solution
The proposed ATM features multiple currency dispensing components, each dedicated to a specific denomination, along with braille identifiers adjacent to each component to signal the denomination, allowing users to request and receive withdrawals in specific denominations, and includes a controller with a processor and memory to manage the dispensing process.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If a single currency dispensing component is used, then the device complexity is reduced, but the adaptability to dispense specific denominations is limited
Solution Approach 1:
The currency dispensing system is divided into multiple independent dispensing components, each dedicated to a specific currency denomination. This segmentation allows the system to handle different denominations simultaneously and independently, improving adaptability while maintaining manageable complexity through modular design.
Solution Approach 2:
Each dispensing component is designed with universal functionality to handle its specific denomination while contributing to the overall multi-denomination capability of the ATM. The components work together as a unified system that provides versatile denomination dispensing options.
2Ease of operation
If braille identifiers are added to indicate denomination, then accessibility for vision-impaired users is improved, but the device complexity increases
Solution Approach 1:
The braille identifiers are integrated directly into the dispensing components themselves, allowing the system to provide denomination information autonomously without requiring additional external signage or complex electronic display systems. The identifiers are inherently part of the dispensing mechanism.
3Productivity
If multiple currency cartridges are used for different denominations, then the productivity of withdrawal transactions is improved, but the loss of time for currency management increases
Solution Approach 1:
Multiple currency cartridges are pre-loaded with different denominations before the ATM is deployed. This preliminary preparation allows the system to immediately dispense various denominations without requiring time-consuming cartridge changes or reconfiguration during operation.
Solution Approach 2:
The system is designed to maintain continuous operational capability across multiple denominations through coordinated management of multiple cartridges. The controller manages cartridge usage to ensure continuous availability of different denominations, minimizing interruptions and management time.
Data Source
AI summary
Embodiments disclosed herein generally related to an automated teller machine (ATM) and a method of operating the same. In one embodiment, an apparatus is disclosed herein. The apparatus includes a body, a display, two or more currency dispensing components, two or more currency cartridges, two or more tracks, and a controller. Each currency dispensing component is dedicated to a specific currency denomination. The two or more currency cartridges are configured to store currency. Each currency cartridge dedicated to a specific currency denomination. Each track extends between a currency dispensing component and a currency cartridge. The two or more tracks are configured to transmit currency from the two or more currency cartridges to the two or more currency dispensing components. The controller is in communication with the display, the two or more currency dispensing components, the two or more currency cartridges, and the two or more tracks.