IGT (20240378963). SETTLING OUTSTANDING LINE OF CREDIT LIABILITY WITH GAMING ESTABLISHMENT CREDIT SYSTEM simplified abstract
Contents
SETTLING OUTSTANDING LINE OF CREDIT LIABILITY WITH GAMING ESTABLISHMENT CREDIT SYSTEM
Organization Name
Inventor(s)
Jeffery Shepherd of Reno NV (US)
Erik Petersen of Sparks NV (US)
SETTLING OUTSTANDING LINE OF CREDIT LIABILITY WITH GAMING ESTABLISHMENT CREDIT SYSTEM - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240378963 titled 'SETTLING OUTSTANDING LINE OF CREDIT LIABILITY WITH GAMING ESTABLISHMENT CREDIT SYSTEM
Simplified Explanation: The patent application describes a system that monitors for a line of credit settlement event and, upon detection, pays off funds accessed from a gaming establishment credit system.
Key Features and Innovation:
- Monitoring system for credit settlement events
- Automated payment system for gaming establishment credit funds
Potential Applications: This technology could be used in casinos or gaming establishments to ensure timely settlement of credit lines.
Problems Solved: This system addresses the need for efficient and automated settlement of credit lines in gaming establishments.
Benefits:
- Streamlined credit settlement process
- Reduced risk of default on credit lines
Commercial Applications: Title: Automated Credit Settlement System for Gaming Establishments This technology could be marketed to casinos and gaming establishments to improve credit management processes and reduce financial risks.
Prior Art: Readers can start their search for prior art related to this technology by looking into existing systems for credit monitoring and payment in gaming establishments.
Frequently Updated Research: There may be ongoing research in the field of automated credit settlement systems for various industries, including gaming.
Questions about Automated Credit Settlement Systems for Gaming Establishments: 1. How does this technology improve the efficiency of credit settlement in gaming establishments? 2. What are the potential risks associated with automated credit settlement systems in casinos?
Original Abstract Submitted
a system that operates to monitor for a line of credit settlement event and, responsive to an occurrence of such an event, pay off an amount of funds accessed from a gaming establishment credit system.
