View source for 20240021051. SYSTEM AND METHOD FOR REDEEMING CASHLESS GAMING TICKETS TO BANK ACCOUNTS VIA MULTI-FUNCTION ATM simplified abstract (Everi Payments Inc.)

=SYSTEM AND METHOD FOR REDEEMING CASHLESS GAMING TICKETS TO BANK ACCOUNTS VIA MULTI-FUNCTION ATM=


==Organization Name==

[[:Category:Everi Payments Inc.|Everi Payments Inc.]]


[[Category:Everi Payments Inc.]]

==Inventor(s)==

[[:Category:Victor Newsom of Las Vegas NV (US)|Victor Newsom of Las Vegas NV (US)]][[Category:Victor Newsom of Las Vegas NV (US)]]

[[:Category:Richard Beer of Prior Lake MN (US)|Richard Beer of Prior Lake MN (US)]][[Category:Richard Beer of Prior Lake MN (US)]]

[[:Category:Craig Potts of Henderson NV (US)|Craig Potts of Henderson NV (US)]][[Category:Craig Potts of Henderson NV (US)]]

==SYSTEM AND METHOD FOR REDEEMING CASHLESS GAMING TICKETS TO BANK ACCOUNTS VIA MULTI-FUNCTION ATM - A simplified explanation of the abstract==


This abstract first appeared for US patent application 20240021051 titled 'SYSTEM AND METHOD FOR REDEEMING CASHLESS GAMING TICKETS TO BANK ACCOUNTS VIA MULTI-FUNCTION ATM

==Simplified Explanation==

The patent application describes a system and method for redeeming cashless gaming tickets with monetary value at a casino. Here is a simplified explanation of the abstract:

* The system allows customers to redeem cashless gaming tickets at a multi-function ATM.
* The ATM electronically communicates with a ticket redemption system to validate the ticket.
* The customer can transfer the monetary value of the ticket to an account associated with a bank card.
* The ATM sends a transfer request to a financial server, which then transmits a request to a financial network to credit the monetary value (minus a transaction fee) to the customer's bank card account.

Potential Applications of this Technology:

* Casinos and gaming establishments can use this system to provide a convenient and efficient way for customers to redeem their cashless gaming tickets.
* The system can be integrated into existing ATM networks, making it easier for customers to access their funds.

Problems Solved by this Technology:

* This technology eliminates the need for customers to manually cash in their gaming tickets at a cashier's booth, reducing wait times and improving customer experience.
* It provides a secure and automated process for validating and transferring the monetary value of the tickets.

Benefits of this Technology:

* Customers can easily redeem their cashless gaming tickets and transfer the funds to their bank card accounts.
* The system reduces the need for manual cash handling, improving efficiency and reducing the risk of errors.
* It provides a seamless integration between gaming machines, ATMs, ticket redemption systems, and financial networks.


==Original Abstract Submitted==

a system and method are provided for redeeming cashless gaming tickets having associated monetary value, such as issued at a cash-out from a gaming machine in a casino. when the customer wishes to redeem the ticket, the ticket is introduced to a multi-function atm. the atm then electronically communicates with a ticket redemption system to validate the ticket. the customer may transfer the monetary value associated with the ticket to an account associated with a presented bank card, wherein the atm transmits a request for transfer to a financial server which transmits a request to a financial network for crediting of the monetary value (such as less a transaction fee) to the customer's bank card account.



[[Category:G07F17/32]]
[[Category:A63F3/00]]
[[Category:G07F19/00]]