COINS CASH MACHINE - Coursework Example

Porter?s five forces will be applied with regards to the viability of the proposed development. Introduction A cash machine is an electronic dispositive from which individuals with a banking card can deposit and withdraw paper money. A digital coin is a form of electronic payment)qfinance). A coin cash machine contains a housing which has an opening by which cash coins or a magnetic card may be input in order to conduct a transaction (Google Patents, 2011). The contemporary coins cash machine was invented by Yoshihgiro Watanabe.

The US patent number is US4733765. The original issue date for this patent is 1972. The initial assignee is Kabushiki Kaisha Toshiba. The present United States of America categorization of this patent is 194-206; 209-534; 221/12; 235-379; 273/3.01; 271/3.12; 271/160; 453/3; 902/11; 902/12; D20/4. The international categorization of the US patent for the contemporary cash management dispositive is G07F704 B07C502. The US patent which was originally invented by Yoshihiro watanabe was modified to US patent number US4023011.

The initial assignee of the modified patent is Tokyo Shibaura Electric Co. Ltd. This patent is titled automatic bank note depositing machine. The US patent on the cash management dispositive which was US4023011 was modified to US patent number US4372478 on February 8th , 1983 to a fare recuperation system and the systems contained. The initial assignee of the revised patent is General Railway Signal Company. The original invention by Yoshihiro Watanabe was issued to POM, Inc. on Novemeber 14, 1989.

This refernce is titled park card system for electronic parking meter. The second relevant reference is titled Parameter control system for electronic parking meter, patent number US4967895 (Google Patents 2011). The most relevant reference to the original invention by Yoshihiro watanabe was issued on April 9th , 1991. The relevant US patent was issued to Nippon Conlux co. Ltd. as a dispositive for validating and collecting paper money and coins. The next relevant US patent was issued to Nippon Conlux co Ltd.

on March 3rd, 1992. The designation of this dispositive is a device for choosing and dispensing paper currency with a magnetic card. The next relevant patent which was referenced to the original invention by Yoshihiro Watanabe was issued to Hitachi, Ltd. On February 16th, 1993, the disposive which was refernced to the original invention by Yoshihiro Watanabe is designated patent number US5186334. This disposive is designated as a bank note management system of a continuous type. The next relevant reference to the original invention by Yoshihiro Watanabe was issued to Coinstar, Inc.

on September 1, 1998. The US patent number issued is US5799767. This device is designated as a maintenance dispositive and a system for a coin currency enumerator and a voucher administrator system (Google Patents 2011). The next relevant reference to the original invention by Yoshihiro Watanabe was issued on April 27th , 1999 to Capital Security Systems, Inc. This disposive is designated as an automated document cashing method. The US patent number is US5897625. The next relevant refernce was issued on November 16th, 1999 to Capital Security Systems, Inc.

This dispositive was designated as an automated banking system for making change on a card or user account. The US patent number which was designated is US5987439. The next relevant reference number to the original patent number US4733765 which was invented by Yoshihiro Wata