Walmart apollo, llc (20240257089). SYSTEMS AND METHODS FOR RECONCILING LOTTERY TRANSACTIONS simplified abstract
SYSTEMS AND METHODS FOR RECONCILING LOTTERY TRANSACTIONS
Organization Name
Inventor(s)
Siva Charan Muraharirao of Bangalore (IN)
Hiral Roshan Salvi of Bangalore (IN)
Shubham Mangla of Yamunanagar (IN)
Christopher J. Hendrick of Rogers AR (US)
SYSTEMS AND METHODS FOR RECONCILING LOTTERY TRANSACTIONS - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240257089 titled 'SYSTEMS AND METHODS FOR RECONCILING LOTTERY TRANSACTIONS
Simplified Explanation: The patent application describes a system and method for reconciling lottery transactions, involving POS systems at retail stores inputting data for lottery games operated by a third party.
Key Features and Innovation:
- System includes POS systems for inputting first lottery transaction data.
- POS server extracts first lottery transaction data.
- Retailer server receives second lottery transaction data from third party server.
- Control circuit conducts one-to-one matching and one-to-many matching to reconcile data sets.
Potential Applications: This technology can be applied in the lottery industry to ensure accurate reconciliation of lottery transactions, improving transparency and efficiency in the process.
Problems Solved: This technology addresses the challenge of reconciling lottery transactions accurately and efficiently, reducing discrepancies and errors in the process.
Benefits:
- Improved accuracy in reconciling lottery transactions.
- Enhanced efficiency in the reconciliation process.
- Increased transparency in lottery operations.
Commercial Applications: The technology can be utilized by lottery operators, retail stores, and third-party vendors to streamline the reconciliation of lottery transactions, leading to improved operational efficiency and customer satisfaction.
Prior Art: Readers can explore prior art related to lottery transaction reconciliation systems in the field of retail POS systems and lottery management software.
Frequently Updated Research: Stay informed about the latest developments in lottery transaction reconciliation systems and related technologies to ensure optimal implementation and utilization of this innovation.
Questions about Lottery Transaction Reconciliation: 1. How does this technology improve the accuracy of reconciling lottery transactions? 2. What are the potential implications of this innovation for the lottery industry?
Original Abstract Submitted
there are provided systems and methods relating to reconciling lottery transactions. in one form, the system includes point-of-sale (pos) systems at retail store for inputting of first lottery transaction data for lottery transactions occurring at the retail stores in which the lottery transactions correspond to lottery games being operated by a third party. it includes a pos server for extracting the first lottery transaction data and a retailer server for receiving second lottery transaction data from a server of the third party. further, it includes a control circuit that conducts one-to-one matching of entries of the two data sets, determines whether a discrepancy exists based on the one-to-one matching, conducts one-to-many matching by iteratively aggregating different combinations of entries of one data set and comparing them with individual entries of the other data set, and determines whether a discrepancy exists based on the one-to-many matching.
