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Change Machine
A change machine is a vending machine that accepts large denominations of currency and returns an equal amount of currency in smaller bills or coins. Typically these machines are used to provide coins in exchange for paper currency, in which case they are also often known as bill changers. In the US, these devices are typically seen in the vicinity of machines that will not accept paper currency. This can be in a parking facility that has parking meters, in laundromats, or near vending machines that lack bill validators and don't accept paper currency. Before the advent of ''coinless'' slot machines, casinos would sometimes have change machines that would accept paper currency and return coins or tokens that could be used in the machines. A similar arrangement has often been found at video arcades. In some cases, a machine may subtract a small amount (e.g. 5 cents) as a surcharge for the transaction. See also * Automated cash handling * Manual fare collection#Coin disp ...
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Dollar Bill Goes Here
Dollar is the name of more than 20 Currency, currencies. They include the Australian dollar, Brunei dollar, Canadian dollar, Hong Kong dollar, Jamaican dollar, Liberian dollar, Namibian dollar, New Taiwan dollar, New Zealand dollar, Singapore dollar, United States dollar, Trinidad and Tobago dollar, Trinidad and Tobago Dollar and several others. The symbol for most of those currencies is the dollar sign $ in the same way as many countries using peso currencies. Economies that use a "dollar" Other territories that use a "dollar" * : Eastern Caribbean dollar * (Netherlands): United States dollar, US dollar * : US dollar (alongside the pound sterling) * : US dollar * : Eastern Caribbean dollar * (Netherlands): US dollar * (France): Canadian dollar (alongside the euro) * (Netherlands): US dollar * : US dollar Countries unofficially accepting "dollars" * Afghanistan: United States dollar, US dollar * Argentina: US dollar * Bolivia: US dollar * Cambodia: US dollar * Cub ...
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Slot Machine
A slot machine (American English), fruit machine (British English) or poker machine (Australian English and New Zealand English) is a gambling machine that creates a game of chance for its customers. Slot machines are also known pejoratively as one-armed bandits because of the large mechanical levers affixed to the sides of early mechanical machines and the games' ability to empty players' pockets and wallets as thieves would. A slot machine's standard layout features a screen displaying three or more reels that "spin" when the game is activated. Some modern slot machines still include a lever as a skeuomorphic design trait to trigger play. However, the mechanics of early machines have been superseded by random number generators, and most are now operated using buttons and touchscreens. Slot machines include one or more currency detectors that validate the form of payment, whether coin, cash, voucher, or token. The machine pays out according to the pattern of symbols display ...
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Money Changer
A money changer is a person or organization whose business is the exchange of coins or currency of one country for that of another. This trade was a predecessor of modern banking. The advent of paper money in the mid-17th century and the development of modern banking and floating exchange rates in the 20th century allowed a foreign exchange market to develop. This provided a way for banks and other specialist financial companies such as bureaux de change and forex brokers to easily change one country's money for another, and with the added confidence of transparency. History In ancient times in Jerusalem, pilgrims visiting the Jewish Temple on Jewish Holy Days would change some of their money from the standard Ancient Greek coinage, Greek and Roman currency for Jewish and Tyrian money, the latter two the only currencies accepted as payments inside the Temple.Sanders, E. P. The historical figure of Jesus. Penguin, 1993. Ehrman, Bart D. Jesus, Interrupted, HarperCollins, ...
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Manual Fare Collection
Manual fare collection is the practice of collecting fares manually (without the aid of an automated machine). "Fare collection" generally refers to the collection of fares in the transport industry in return for a ticket or passes to travel. Commonly used on buses and train transport systems (in the UK; in Poland, for example, buying and validating the tickets by machine is the passenger's task; the passengers enter the bus through any of the doors and buying a ticket from the driver is an option where there is no automatic selling machine or if somebody forgets to buy a ticket before), manual fare collection is increasingly becoming obsolete with the introduction of smart cards such as the Transport for London ' Oyster card'. However, in the face of this trend, some companies have opted to retain more traditional methods of manual fare collection to both save money (automatic equipment is expensive) and ensure reliability. In the United Kingdom, examples of this can be seen ...
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Automated Cash Handling
Automated cash handling is the process of dispensing, counting and tracking cash in a bank, retail, check cashing, payday loan / advance, casino or other business environment through specially designed hardware and software for the purposes of loss prevention, theft deterrence and reducing management time for oversight of cash drawer an unable operations.Ed Grondahl, Integrated Solutions For Retailers, April/May 2009 Hardware for automated cash handling usually consists of one or more of the following devices: * Automatic teller machine (ATM) * Cash dispenser * Cash validator (acceptor) * Cash recycler * Rolled coin dispenser * Loose coin validator (counter) * Intelligent banknote neutralization system In an automated cash handling environment, a cashier or teller opens a cash drawer at the start of shift by dispensing cash from the automated cash handling equipment. At the end of the shift, the cashier or teller deposits cash into the automated cash handling equipment which c ...
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Financial Transaction
A financial transaction is an Contract, agreement, or communication, between a buyer and seller to exchange goods, Service (economics), services, or Asset, assets for payment. Any transaction involves a change in the status of the finances of two or more businesses or individuals. A financial transaction always involves one or more financial asset, most commonly money or another valuable item such as gold or silver. There are many types of financial transactions. The most common type, purchases, occur when a good, service, or other commodity is sold to a consumer in exchange for money. Most purchases are made with cash payments, including Cash, physical currency, Debit card, debit cards, or Cheque, cheques. The other main form of payment is credit, which gives immediate access to funds in exchange for repayment at a later date. History There is no evidence to support the theory that ancient civilizations worked on systems of barter. Instead, most historians believe that ancient ...
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Video Arcade
An amusement arcade (often referred to as a video arcade, amusements or simply arcade) is a venue where people play arcade games, including arcade video games, pinball machines, electro-mechanical games, redemption games, merchandisers (such as claw cranes), or coin-operated billiards or air hockey tables. In some countries, some types of arcades are also legally permitted to provide gambling machines such as slot machines or ''pachinko'' machines. Games are usually housed in cabinets. The term used for ancestors of these venues in the beginning of the 20th century was penny arcades. Video games were introduced in amusement arcades in the late 1970s and were most popular during the golden age of arcade video games, the early 1980s. Arcades became popular with children and particularly adolescents, which led parents to be concerned that video game playing might cause them to skip school. History Penny arcade A penny arcade can be any type of venue for coin-operated ...
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Casino
A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shopping, cruise ships, and other tourist attractions. Some casinos are also known for hosting live entertainment, such as stand-up comedy, concerts, and sports. and usage ''Casino'' is of Italian language, Italian origin; the root means a house. The term ''casino'' may mean a small country villa, Summerhouse (building), summerhouse, or social club. During the 19th century, ''casino'' came to include other public buildings where pleasurable activities took place; such edifices were usually built on the grounds of a larger Italian villa or palazzo, and were used to host civic town functions, including dancing, gambling, music listening, and sports. Examples in Italy include Villa Farnese and Villa Giulia, and in the US the Newport Casino in Newport, Rhode Island. In modern-day Italian, a is a brothel (also called , literally "closed house"), a ...
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Bill Validator
A currency detector or currency validator is a device that determines whether notes or coins are genuine or counterfeit. These devices are used in a wide range of automated machines, such as retail kiosks, supermarket self checkout machines, arcade gaming machines, payphones, launderette washing machines, car park ticket machines, automatic fare collection machines, public transport ticket machines, and vending machines. The process involves examining the coins and/or notes that have been inserted into the machine, and conducts various tests to determine if the currency is counterfeit. Because the parameters are different for each coin or note, these currency acceptors must be correctly programmed for each item to be accepted. In normal operation, if any item such as a coin, banknote, card or ticket is accepted, it is retained within the machine and it falls into a storage container to allow a member of staff to collect it later when emptying the machine. If the item is rej ...
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Vending Machine
A vending machine is an automated machine that provides items such as snacks, beverages, cigarettes, and lottery tickets to consumers after cash, a credit card, or other forms of payment are inserted into the machine or otherwise made. The first modern vending machines were developed in England in the early 1880s and dispensed postcards. Vending machines exist in many countries and, in more recent times, specialized vending machines that provide less common products compared to traditional vending machine items have been created. History The earliest known reference to a vending machine is in the work of Hero of Alexandria, an engineer, and mathematician in first-century Roman Egypt. His machine accepted a coin and then dispensed holy water. When the coin was deposited, it fell upon a pan attached to a lever. The lever opened a valve which let some water flow out. The pan continued to tilt with the weight of the coin until it fell off, at which point a counterweight snappe ...
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Laundromat
A self-service laundry, coin laundry, laundromat, or coin wash is a facility where clothes are washed and dried without much personalized professional help. They are known in the United Kingdom as launderettes or laundrettes, and in the United States, Canada, Australia and New Zealand as laundromats. In Texas and other parts of the south central United States, the term ''washateria'' is still used by some older speakers. General While most homes have their own washers and dryers, self-service laundries are used by many who do not have their own machines. Even those who have their own machines sometimes use them for large bedding and other items that cannot fit into residential washers and dryers. Staffed laundries Laundromats are an essential business in urban communities. Laundromat owners may employ someone to oversee and maintain the general laundromat throughout the day. Some laundries employ staff to provide service for the customers. Minimal service centres may simp ...
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Parking Meter
A parking meter is a device used to collect money in exchange for the right to park a vehicle in a particular place for a limited amount of time. Parking meters can be used by municipalities as a tool for enforcing their integrated on-street parking policy, usually related to their traffic and mobility management policies, but are also used for revenue. History An early patent for a parking meter, U.S. patent, was filed by Roger W. Babson, on August 30, 1928. The meter was intended to operate on power from the battery of the parking vehicle and required a connection from the vehicle to the meter. Holger George Thuesen and Gerald A. Hale designed the first working parking meter, the Black Maria, in 1935. The History Channel's... ''History's Lost and Found'' documents their success in developing the first working parking meter. Thuesen and Hale were engineering professors at Oklahoma State University and began working on the parking meter in 1933 at the request of Oklahoma Ci ...
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