In a system and method for securely storing and controlling the dispensing of a payout, the system includes a payout dispenser for securely storing and dispensing a payout, and a terminal for controlling the dispensing of the payout and for interfacing with an attendant in connection with the payout. The system further includes a network for interconnecting the payout dispenser and the terminal. The system may also include a device for indicating a payout payable responsive to the input of a person to whom the payout is payable, wherein the payout-indicating device may be connected to the payout dispenser and the terminal by a network. The system may further include a device for enabling the dispensing of a payout breakage amount, which is the difference between the payout in a payout dispenser denomination and the payment to be paid out. The system may still further include a central terminal for centrally controlling the dispensing of payouts at a plurality of local stations to which the central terminal may be networked.