IGT (20240321054). SETTLING OUTSTANDING DEBT RESPONSIVE TO GAMING EVENT simplified abstract
Contents
SETTLING OUTSTANDING DEBT RESPONSIVE TO GAMING EVENT
Organization Name
Inventor(s)
Jeffery Shepherd of Reno NV (US)
SETTLING OUTSTANDING DEBT RESPONSIVE TO GAMING EVENT - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240321054 titled 'SETTLING OUTSTANDING DEBT RESPONSIVE TO GAMING EVENT
The abstract of this patent application describes a system that monitors for a debt settlement event and, upon detection of such an event, alerts gaming establishment personnel to pay off part or all of the debt owed.
- Simplified Explanation:
- The system detects when a debt settlement event occurs. - It then notifies gaming establishment staff to pay off the debt.
- Key Features and Innovation:
- Monitoring system for debt settlement events. - Automatic alert system for gaming establishment personnel. - Streamlined process for debt repayment in gaming establishments.
- Potential Applications:
- Casinos and gaming establishments. - Financial institutions. - Debt collection agencies.
- Problems Solved:
- Efficient debt settlement process. - Timely debt repayment notifications. - Improved financial management in gaming establishments.
- Benefits:
- Minimizes overdue debts. - Enhances customer satisfaction. - Streamlines debt repayment procedures.
- Commercial Applications:
- Title: "Automated Debt Settlement System for Gaming Establishments" - Potential commercial uses in casinos, online gaming platforms, and financial institutions. - Market implications include improved financial management and customer service in gaming establishments.
- Questions about the Technology:
1. How does the system differentiate between various types of debt settlement events? - The system likely uses specific criteria or algorithms to identify different types of debt settlement events. 2. Can the alert system be customized based on the amount of debt owed? - It is possible that the system allows for customization of alerts based on the specific debt amount or other factors.
- Frequently Updated Research:
- Stay updated on advancements in debt monitoring technologies. - Monitor trends in debt settlement processes in gaming establishments.
Original Abstract Submitted
a system that operates to monitor for a debt settlement event and. responsive to an occurrence of such an event, cause an alert to be provided to gaming establishment personnel to pay off part or all of an amount of debt owed.
