IGT (20240378960). ON-DEMAND ACCESS TO FUNDS OF GAMING ESTABLISHMENT FUND MANAGEMENT ACCOUNT ASSOCIATED WITH A FINANCIAL ACCOUNT simplified abstract
ON-DEMAND ACCESS TO FUNDS OF GAMING ESTABLISHMENT FUND MANAGEMENT ACCOUNT ASSOCIATED WITH A FINANCIAL ACCOUNT
Organization Name
Inventor(s)
Lisa Schiffer of Norton MA (US)
Jeffery Shepherd of Reno NV (US)
ON-DEMAND ACCESS TO FUNDS OF GAMING ESTABLISHMENT FUND MANAGEMENT ACCOUNT ASSOCIATED WITH A FINANCIAL ACCOUNT - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240378960 titled 'ON-DEMAND ACCESS TO FUNDS OF GAMING ESTABLISHMENT FUND MANAGEMENT ACCOUNT ASSOCIATED WITH A FINANCIAL ACCOUNT
Simplified Explanation:
This patent application describes systems and methods that allow for the use of funds associated with a gaming establishment account to provide just-in-time funding for a settled purchase transaction made using funds accessed from a financial account associated with the gaming establishment account.
- Key Features and Innovation:
- Utilization of gaming establishment account funds for purchase transactions
- Just-in-time funding for settled transactions
- Integration of financial accounts with gaming establishment accounts
Potential Applications: This technology could be applied in various industries such as online gaming, e-commerce, and mobile payments.
Problems Solved: This technology addresses the need for seamless and convenient funding options for purchase transactions.
Benefits:
- Convenient and efficient funding process
- Integration of gaming and financial accounts
- Enhanced user experience for customers
Commercial Applications: Potential commercial uses include online gaming platforms, e-commerce websites, and mobile payment applications. This technology could have significant market implications for businesses looking to streamline their payment processes.
Prior Art: Readers can start their search for prior art related to this technology by exploring patents and publications in the fields of financial technology and gaming industry innovations.
Frequently Updated Research: Stay updated on the latest research in financial technology, gaming industry trends, and payment processing innovations to understand the evolving landscape of this technology.
Questions about Gaming Establishment Account Funding Technology: 1. How does this technology impact the user experience for customers? 2. What are the potential security implications of integrating gaming and financial accounts?
Original Abstract Submitted
systems and methods that utilize funds associated with a gaming establishment account to offer just-in-time funding for a settled purchase transaction made using funds accessed from a financial account associated with the gaming establishment account.
