IGT (20240378617). GAMING ESTABLISHMENT FUND MANAGEMENT ACCOUNT EMPLOYED TO DETERMINE DYNAMIC LIMIT OF FINANCIAL ACCOUNT simplified abstract
GAMING ESTABLISHMENT FUND MANAGEMENT ACCOUNT EMPLOYED TO DETERMINE DYNAMIC LIMIT OF FINANCIAL ACCOUNT
Organization Name
Inventor(s)
Lisa Schiffer of Norton MA (US)
Jeffery Shepherd of Reno NV (US)
GAMING ESTABLISHMENT FUND MANAGEMENT ACCOUNT EMPLOYED TO DETERMINE DYNAMIC LIMIT OF FINANCIAL ACCOUNT - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240378617 titled 'GAMING ESTABLISHMENT FUND MANAGEMENT ACCOUNT EMPLOYED TO DETERMINE DYNAMIC LIMIT OF FINANCIAL ACCOUNT
The abstract of the patent application describes systems and methods that use funds from a gaming establishment account to set a dynamic limit on the amount of funds available in a financial account.
- This innovation allows for the automatic adjustment of the available funds in a financial account based on the funds associated with a gaming establishment account.
- The system ensures responsible spending by users by limiting the amount of funds available for use in the financial account.
- By linking the gaming establishment account with the financial account, users can enjoy gaming activities while maintaining control over their spending.
- The dynamic limit feature helps prevent overspending and promotes financial responsibility among users.
- This technology provides a seamless and convenient way for users to manage their funds across different accounts.
Potential Applications: This technology can be applied in online gaming platforms, casinos, and other establishments where users have both gaming and financial accounts.
Problems Solved: This technology addresses the issue of overspending and lack of financial control among users who engage in gaming activities.
Benefits: Users can enjoy gaming responsibly without the risk of overspending or exceeding their financial limits. The system promotes financial awareness and helps users manage their funds effectively. Commercial Applications: This technology can be utilized by online gaming platforms, casinos, and financial institutions to offer users a secure and responsible gaming experience.
Questions about the Technology: 1. How does this technology ensure responsible spending among users? 2. What are the potential implications of linking gaming and financial accounts for users?
Original Abstract Submitted
systems and methods that utilize funds associated with a gaming establishment account to determine a dynamic limit of an amount of funds available in association with a financial account.
