IGT (20240331495). REPAYMENT OF LINE OF CREDIT FUNDS FROM A GAMING DEVICE simplified abstract
REPAYMENT OF LINE OF CREDIT FUNDS FROM A GAMING DEVICE
Organization Name
Inventor(s)
Jeffery Shepherd of Reno NV (US)
REPAYMENT OF LINE OF CREDIT FUNDS FROM A GAMING DEVICE - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240331495 titled 'REPAYMENT OF LINE OF CREDIT FUNDS FROM A GAMING DEVICE
The abstract of this patent application describes a system that responds to a cashout event at a gaming device by transferring funds to a gaming establishment account and/or credit system.
- Simplified Explanation:
- System responds to cashout event at gaming device - Transfers funds to gaming establishment account or credit system
- Key Features and Innovation:
- Automated response to cashout events - Seamless transfer of funds to gaming establishment accounts - Enhances security and efficiency of cashout processes
- Potential Applications:
- Casinos and gaming establishments - Online gaming platforms - Entertainment venues with gaming devices
- Problems Solved:
- Streamlines cashout procedures - Reduces manual intervention - Improves financial management for gaming establishments
- Benefits:
- Faster and more secure fund transfers - Enhanced customer experience - Increased operational efficiency for gaming establishments
- Commercial Applications:
- "Automated Fund Transfer System for Gaming Establishments" - Potential for licensing to casinos and gaming companies - Market implications in the gaming industry
- Prior Art:
- Research existing systems for fund transfers in gaming environments - Explore technologies related to cashout processes in casinos
- Frequently Updated Research:
- Stay informed on advancements in payment processing technologies - Monitor trends in gaming industry regulations
Questions about the technology: 1. How does this system improve the overall gaming experience for customers? - The system enhances the efficiency of cashout processes, reducing wait times and ensuring a seamless transaction experience for players.
2. What security measures are in place to protect the funds being transferred? - The system likely employs encryption protocols and authentication mechanisms to safeguard the transfer of funds between the gaming device and establishment accounts.
Original Abstract Submitted
a system that, responsive to an occurrence of a cashout event at a gaming device, transfers funds from the gaming device to a gaming establishment account and/or to a gaming establishment credit system.