US20150052052A1 - System and method for making funds available for gaming - Google Patents
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- US20150052052A1 US20150052052A1 US14/528,592 US201414528592A US2015052052A1 US 20150052052 A1 US20150052052 A1 US 20150052052A1 US 201414528592 A US201414528592 A US 201414528592A US 2015052052 A1 US2015052052 A1 US 2015052052A1
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- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/04—Payment circuits
- G06Q20/042—Payment circuits characterized in that the payment protocol involves at least one cheque
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/08—Payment architectures
- G06Q20/10—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
- G06Q20/108—Remote banking, e.g. home banking
- G06Q20/1085—Remote banking, e.g. home banking involving automatic teller machines [ATMs]
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/04—Payment circuits
- G06Q20/042—Payment circuits characterized in that the payment protocol involves at least one cheque
- G06Q20/0425—Payment circuits characterized in that the payment protocol involves at least one cheque the cheque being electronic only
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/08—Payment architectures
- G06Q20/10—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/38—Payment protocols; Details thereof
- G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/02—Banking, e.g. interest calculation or account maintenance
Definitions
- Gaming establishments such as casinos, typically provide customers a number of options for obtaining funds for gaming activities.
- casinos typically provide automated teller machines (ATMs) which allow a customer to directly withdraw cash from one of their accounts or request a cash advance using one of their credit cards by inserting either an ATM card or a credit card and entering their PIN (personal identification number).
- ATMs automated teller machines
- PIN personal identification number
- Such transactions have certain limitations, such as daily withdrawal and/or physical machine limits. For example, a customer may desire more cash than can be accommodated by an ATM or their issuing bank's daily limitations on withdrawals from an ATM. Accordingly, additional options for obtaining funds for gaming have been developed.
- the embodiment provides a system for making funds available for gaming which includes a terminal which is configured to read customer information from a card.
- the terminal includes an input/output unit configured to allow the customer to select a quasi-cash transaction and to generate an order authorizing the quasi-cash transaction.
- the system also includes a station which is configured to retrieve the order and information verifying the identity of the customer and, when the identity of the customer is verified, is configured to, at the customer's option (1) obtain an electronic endorsement from the customer and place the electronic endorsement in an electronic image or (2) print out a hard copy of a check for endorsement by the customer.
- FIG. 1 is an overall arrangement of one embodiment of the invention.
- FIGS. 2 to 4 illustrate examples of display screens 24 b in the embodiment of FIG. 1 .
- FIG. 5 illustrates an example of a portion of an electronic display generated by the embodiment of FIG. 1 .
- FIG. 6 illustrates an example of a printed check generated by the embodiment of FIG. 1 .
- FIG. 7 illustrates an example of what occurs after the identity of the customer is verified.
- FIG. 1 illustrates one arrangement or system 100 for making funds available for gaming.
- the system 100 is owned and administered by a provider of quasi-cash services (as described below), which contracts with gaming establishments to provide such services to the gaming establishments' customers.
- the system 100 allows a customer to either (1) buy a check payable to himself with a credit or debit card, and then endorse the check over to a casino to obtain funds for gaming or alternatively (2) conduct an electronic transaction which has the same effect.
- the system 100 has one or more kiosk terminal(s) 10 in a gaming area 15 .
- Each terminal 10 is configured to receive a card from a customer via a card insertion slot and read the customer's information from their card.
- the card may be, for example, a credit card or a debit card.
- Each terminal 10 also has a touch screen display 14 and a keypad 16 which serve as an input/output unit to allow the customer to select a “quasi-cash transaction” by either the touch screen or keypad.
- a quasi-cash transaction is a transaction where the customer is buying an item (e.g., a negotiable instrument) that can directly be converted into cash.
- the terminal may be a multifunction terminal which also allows the customer to make other types of transactions, such as ATM or cash advance transactions, at the customer's option.
- the terminal may be portable.
- Each terminal 10 is configured such that upon selection of a quasi-cash transaction, the terminal (after obtaining authorization from a card issuer 70 via an applicable card network(s) 60 as described below) generates an order indicating that the quasi-cash transaction has been pre-approved (authorized by a card issuer 70 ).
- the order in this embodiment is an electronic order retrievable at a cashier station (described below).
- the system 100 also includes a station 20 , such as a cashier station or cage.
- a station 20 such as a cashier station or cage.
- Each station has one or more personal computers 13 , each with a display 24 a.
- Each computer is connected to a signature pad 23 , which has its own display 24 b.
- Each station 20 also has at least one printer 28 which is capable of printing checks and receipts.
- Each station 20 is configured to retrieve a customer's pre-approved order from a host system/server(s) via a network (described in further detail below) following a second swipe at a magnetic swipe reader 24 c of the same card that was utilized at the terminal 10 for pre-approval.
- the cashier requests information from the customer to verify the customer's identity such as a driver's license or other acceptable photo identification.
- the identification is visually inspected, however, it may also be electronically read and the data collected and used to expedite the completion of the transaction.
- the identity of the customer is then validated by comparing the customer's physical traits to those described on the identification.
- Each computer 13 is configured such that after the customer's identification is verified, the display 24 b asks the customer whether they wish to proceed with the transaction electronically or if they prefer to proceed by processing a paper (hard copy) check.
- An example of such a display is shown in FIG. 2 .
- FIG. 2 uses the term “cash advance,” the transaction being described herein is not a cash advance against one's credit card, as known in common parlance.
- the transaction is treated by the credit card associations as a special type of purchase transaction and not as a true cash advance, and thus conditions applicable to credit card cash advances (such as separate, generally lower, credit limits and higher interest rates) do not apply.)
- the customer By having the explicit option to proceed with an electronic transaction or via a paper check, the customer retains control over the transaction's method of completion. If the customer elects not to proceed with an electronic transaction, the customer can cancel the transaction, or elect to proceed with a paper check. If the customer elects to proceed with a paper check, the computer 13 is programmed to instruct printer 28 to print out a hard copy of the check for endorsement by the customer and card imprint by the cashier. (An example of a hard copy check is shown in FIG. 6 . In FIG. 6 , the imprint would be made in area 120 .)
- the display 24 b asks the customer to confirm the amount of the transaction and also indicate acceptance of a convenience fee by initialing the fee, indicated on the display 24 b, with a stylus.
- An example of such a display is shown in FIG. 3 .
- the display 24 b Upon receipt of the customer's initials and a “next” instruction, the display 24 b once again displays the transaction amount and fee and asks the customer to endorse and accept the electronic transaction for the amounts displayed.
- An example of a suitable display is shown in FIG. 4 .
- FIG. 5 illustrates an example of an image displayed on display 24 a.
- the display 24 a typically shows controls and/or other information in addition to the image of FIG. 5 .
- the cashier uses the image on display 24 a to validate the signature to the customer's ID and then the cashier clicks on a “verified” button on the display 24 a that creates an image file of the endorsed and initialed document and sends (as will be described below) the file to a repository.
- electronic funds are to be drawn on a bank account of the quasi-cash service provider.
- the bank is Wachovia Bank and the name of the quasi-cash service is PlayerCash@dvantageTM.
- the lower portion of the image contains a check number, a transit routing number, and a bank account number.
- the image indicates the amount of the transaction, the fee accepted, the identification information (such as driver's license information), authorization information from the card issuer, the name of the cardholder and other card information.
- the image also includes the name and location of the casino where the transaction takes place.
- the image is only viewable on the computer display 24 a by the casino personnel, who (as described below) verifies that the endorsement matches the signature on the customer's identification.
- the computer 13 electronically sends the image to permanent storage in a secure offsite image repository, without a trace of sensitive data being stored on the local workstation.
- the cardholder's data is not captured and stored separately from the transaction data, and the signature is not rejoined to the transaction data at a later date to satisfy retrieval requests, thus ensuring that the customer's data is kept confidential.
- FIG. 7 illustrates an example of some of the processing described above.
- the casino then provides the customer funds for gaming in the form of cash, a marker or other form. A receipt evidencing the transaction is also printed and provided to the customer to keep. The casino obtains reimbursement for the funds advanced to the customer from the quasi-cash service provider via the Automated Clearing House (ACH) network. If the customer elects to use the paper transaction option, after initialing and endorsement by the customer, the casino deposits the endorsed paper check (drawn on the quasi-cash service provider's bank) with its own bank and obtains payment via normal check processing procedures as reimbursement for the funds advanced to the customer. It should be noted that if the customer opts for a paper check, the customer may elect to negotiate the check at another location and/or negotiate the check for other purposes.
- ACH Automated Clearing House
- the quasi-cash service provider serves as the merchant in the quasi-cash transaction and receives payment from the credit card issuer via the credit card networks (in the case of a credit card transaction) or from the customer's bank account via the debit networks (in the case of a debit card transaction). Such payment reimburses the quasi-cash service provider for its payment to the casino. The amount also includes the fee charged to the customer for the quasi-cash transaction, which the quasi-cash service provider may share with the casino.
- the terminals 10 are connected to one or more servers 40 via one or more networks, for example, networks 32 or 34 ( FIG. 1 shows terminals 10 being connected only by network 32 however the terminals can be connected by only network 34 or by both networks 32 and 34 ).
- One suitable network is a network provided and administered by TNS.
- each station 20 is connected to one or more servers 40 via the internet 34 .
- the FIG. 1 design has four servers 42 , 44 , 46 , and 48 configured and programmed to perform the functions described herein.
- Server 42 acts as a gateway server and directs transactions from each station 20 to the other servers based on the type of transaction. For example, the type of credit/debit card transactions described herein are directed to server 46 for processing and server 44 for reporting.
- FIG. 1 is only one example of one suitable arrangement and many modifications and variations are possible.
- the servers 40 are in turn connected to networks for the credit and debit card companies 60 via a host processor 50 .
- the networks for the credit and debit card companies 60 are in turn connected to networks for the card issuers 70 , who initially authorize the transactions.
- the transaction described above can also be initiated directly at a station 20 , instead of first going to a terminal 10 .
- the system and method described above allows an individual to buy an item (e.g., a check) that can be directly converted into cash, in a manner similar to buying any other product or service.
- the system and method has the advantage that the funds received by an individual may (depending on the issuing bank) not count against an individual's daily ATM limit or their cash advance limit. Also certain additional charges/fees/interest (such as a higher interest rate for cash advances) may be avoided. Because an endorsement is obtained in electronic or hard copy form at the customer's option, the system and method complies with wire transfer money order (a subset of quasi-cash) requirements for a signature in accordance with credit/debit card company policies/rules.
Abstract
Description
- This application is a divisional of U.S. application Ser. No. 13/353,795, filed Jan. 19, 2012, which is a continuation of U.S. application Ser. No. 11/889,724, filed Aug. 15, 2007, now U.S. Pat. No. 8,140,434, the entire contents of all of which are incorporated herein by reference.
- Gaming establishments, such as casinos, typically provide customers a number of options for obtaining funds for gaming activities. For example, casinos typically provide automated teller machines (ATMs) which allow a customer to directly withdraw cash from one of their accounts or request a cash advance using one of their credit cards by inserting either an ATM card or a credit card and entering their PIN (personal identification number). Such transactions have certain limitations, such as daily withdrawal and/or physical machine limits. For example, a customer may desire more cash than can be accommodated by an ATM or their issuing bank's daily limitations on withdrawals from an ATM. Accordingly, additional options for obtaining funds for gaming have been developed.
- Additional options are disclosed in U.S. Pat. No. 6,843,412 (issued Jan. 18, 2005 to Sanford) and U.S. Pat. No. 6,061,792 (issued May 9, 2000 to Simon) and U.S. Patent Application Publications 2003/0211883 (published Nov. 13, 2003 and listing Craig K. Potts); 2006/0160610 (published Jul. 20, 2006 and listing Craig K. Potts); 2006/0068897 (published Mar. 30, 2006 and listing Kirk E. Sanford et al.); 2005/0107156 (published May 19, 2005 and listing Craig Potts et al.); 2005/0107155 (published May 19, 2005 and listing Craig Potts et al.); 2004/0173673 (published Sep. 9, 2004 and listing Craig K. Potts); and 2006/0131395 (published Jun. 22, 2006 and listing Craig K. Potts et al.). The entire contents of these patents and published patent applications are incorporated herein by reference for background information and the devices, systems, processes and techniques disclosed therein.
- Although the arrangements disclosed in the documents cited above provide additional flexibility, such arrangements have various disadvantages. For example, some of the arrangements may not comply with applicable policies and/or rules of credit card companies or other organizations involved in governing such transactions. Accordingly, there is still room for improvement in this area.
- The systems and methods described below provide an improved way to obtain funds for gaming activities.
- According to one embodiment of the invention, the embodiment provides a system for making funds available for gaming which includes a terminal which is configured to read customer information from a card. The terminal includes an input/output unit configured to allow the customer to select a quasi-cash transaction and to generate an order authorizing the quasi-cash transaction. The system also includes a station which is configured to retrieve the order and information verifying the identity of the customer and, when the identity of the customer is verified, is configured to, at the customer's option (1) obtain an electronic endorsement from the customer and place the electronic endorsement in an electronic image or (2) print out a hard copy of a check for endorsement by the customer.
-
FIG. 1 is an overall arrangement of one embodiment of the invention. -
FIGS. 2 to 4 illustrate examples ofdisplay screens 24 b in the embodiment ofFIG. 1 . -
FIG. 5 illustrates an example of a portion of an electronic display generated by the embodiment ofFIG. 1 . -
FIG. 6 illustrates an example of a printed check generated by the embodiment ofFIG. 1 . -
FIG. 7 illustrates an example of what occurs after the identity of the customer is verified. -
FIG. 1 illustrates one arrangement orsystem 100 for making funds available for gaming. In this example, thesystem 100 is owned and administered by a provider of quasi-cash services (as described below), which contracts with gaming establishments to provide such services to the gaming establishments' customers. Thesystem 100 allows a customer to either (1) buy a check payable to himself with a credit or debit card, and then endorse the check over to a casino to obtain funds for gaming or alternatively (2) conduct an electronic transaction which has the same effect. Thesystem 100 has one or more kiosk terminal(s) 10 in agaming area 15. Eachterminal 10 is configured to receive a card from a customer via a card insertion slot and read the customer's information from their card. The card may be, for example, a credit card or a debit card. Eachterminal 10 also has atouch screen display 14 and akeypad 16 which serve as an input/output unit to allow the customer to select a “quasi-cash transaction” by either the touch screen or keypad. A quasi-cash transaction is a transaction where the customer is buying an item (e.g., a negotiable instrument) that can directly be converted into cash. The terminal may be a multifunction terminal which also allows the customer to make other types of transactions, such as ATM or cash advance transactions, at the customer's option. The terminal may be portable. - Each
terminal 10 is configured such that upon selection of a quasi-cash transaction, the terminal (after obtaining authorization from a card issuer 70 via an applicable card network(s) 60 as described below) generates an order indicating that the quasi-cash transaction has been pre-approved (authorized by a card issuer 70). The order in this embodiment is an electronic order retrievable at a cashier station (described below). - The
system 100 also includes astation 20, such as a cashier station or cage. Each station has one or morepersonal computers 13, each with adisplay 24 a. Each computer is connected to asignature pad 23, which has itsown display 24 b. Eachstation 20 also has at least oneprinter 28 which is capable of printing checks and receipts. - Each
station 20 is configured to retrieve a customer's pre-approved order from a host system/server(s) via a network (described in further detail below) following a second swipe at amagnetic swipe reader 24 c of the same card that was utilized at theterminal 10 for pre-approval. The cashier requests information from the customer to verify the customer's identity such as a driver's license or other acceptable photo identification. The identification is visually inspected, however, it may also be electronically read and the data collected and used to expedite the completion of the transaction. The identity of the customer is then validated by comparing the customer's physical traits to those described on the identification. Eachcomputer 13 is configured such that after the customer's identification is verified, thedisplay 24 b asks the customer whether they wish to proceed with the transaction electronically or if they prefer to proceed by processing a paper (hard copy) check. An example of such a display is shown inFIG. 2 . (It should be pointed out in connection withFIG. 2 that althoughFIG. 2 uses the term “cash advance,” the transaction being described herein is not a cash advance against one's credit card, as known in common parlance. The transaction is treated by the credit card associations as a special type of purchase transaction and not as a true cash advance, and thus conditions applicable to credit card cash advances (such as separate, generally lower, credit limits and higher interest rates) do not apply.) By having the explicit option to proceed with an electronic transaction or via a paper check, the customer retains control over the transaction's method of completion. If the customer elects not to proceed with an electronic transaction, the customer can cancel the transaction, or elect to proceed with a paper check. If the customer elects to proceed with a paper check, thecomputer 13 is programmed to instructprinter 28 to print out a hard copy of the check for endorsement by the customer and card imprint by the cashier. (An example of a hard copy check is shown inFIG. 6 . InFIG. 6 , the imprint would be made inarea 120.) - If the
computer 13 receives an instruction that the customer wishes to proceed with an electronic transaction, thedisplay 24 b asks the customer to confirm the amount of the transaction and also indicate acceptance of a convenience fee by initialing the fee, indicated on thedisplay 24 b, with a stylus. An example of such a display is shown inFIG. 3 . - Upon receipt of the customer's initials and a “next” instruction, the
display 24 b once again displays the transaction amount and fee and asks the customer to endorse and accept the electronic transaction for the amounts displayed. An example of a suitable display is shown inFIG. 4 . - When the customer makes the endorsement, the
computer 13 inserts the initials and the endorsement captured ondisplay 24 b into an image and thecomputer 13 displays the image containing the initials and endorsement ondisplay 24 a.FIG. 5 illustrates an example of an image displayed ondisplay 24 a. Thedisplay 24 a typically shows controls and/or other information in addition to the image ofFIG. 5 . The cashier uses the image ondisplay 24 a to validate the signature to the customer's ID and then the cashier clicks on a “verified” button on thedisplay 24 a that creates an image file of the endorsed and initialed document and sends (as will be described below) the file to a repository. As shown inFIG. 5 , electronic funds are to be drawn on a bank account of the quasi-cash service provider. In the example ofFIG. 5 , the bank is Wachovia Bank and the name of the quasi-cash service is PlayerCash@dvantage™. The lower portion of the image contains a check number, a transit routing number, and a bank account number. The image indicates the amount of the transaction, the fee accepted, the identification information (such as driver's license information), authorization information from the card issuer, the name of the cardholder and other card information. The image also includes the name and location of the casino where the transaction takes place. The image is only viewable on thecomputer display 24 a by the casino personnel, who (as described below) verifies that the endorsement matches the signature on the customer's identification. Once verified, while the customer is still standing at thecasino station 20, thecomputer 13 electronically sends the image to permanent storage in a secure offsite image repository, without a trace of sensitive data being stored on the local workstation. The cardholder's data is not captured and stored separately from the transaction data, and the signature is not rejoined to the transaction data at a later date to satisfy retrieval requests, thus ensuring that the customer's data is kept confidential.FIG. 7 illustrates an example of some of the processing described above. - Once the customer has endorsed the electronic image (or the paper check, if the customer has elected to proceed with a paper check), the casino then provides the customer funds for gaming in the form of cash, a marker or other form. A receipt evidencing the transaction is also printed and provided to the customer to keep. The casino obtains reimbursement for the funds advanced to the customer from the quasi-cash service provider via the Automated Clearing House (ACH) network. If the customer elects to use the paper transaction option, after initialing and endorsement by the customer, the casino deposits the endorsed paper check (drawn on the quasi-cash service provider's bank) with its own bank and obtains payment via normal check processing procedures as reimbursement for the funds advanced to the customer. It should be noted that if the customer opts for a paper check, the customer may elect to negotiate the check at another location and/or negotiate the check for other purposes.
- The quasi-cash service provider serves as the merchant in the quasi-cash transaction and receives payment from the credit card issuer via the credit card networks (in the case of a credit card transaction) or from the customer's bank account via the debit networks (in the case of a debit card transaction). Such payment reimburses the quasi-cash service provider for its payment to the casino. The amount also includes the fee charged to the customer for the quasi-cash transaction, which the quasi-cash service provider may share with the casino.
- The
terminals 10 are connected to one ormore servers 40 via one or more networks, for example,networks 32 or 34 (FIG. 1 showsterminals 10 being connected only bynetwork 32 however the terminals can be connected byonly network 34 or by bothnetworks 32 and 34). One suitable network is a network provided and administered by TNS. Similarly, eachstation 20 is connected to one ormore servers 40 via theinternet 34. TheFIG. 1 design has fourservers Server 42 acts as a gateway server and directs transactions from eachstation 20 to the other servers based on the type of transaction. For example, the type of credit/debit card transactions described herein are directed toserver 46 for processing andserver 44 for reporting. Other types of transactions are directed toservers FIG. 1 is only one example of one suitable arrangement and many modifications and variations are possible. Theservers 40 are in turn connected to networks for the credit anddebit card companies 60 via ahost processor 50. The networks for the credit anddebit card companies 60 are in turn connected to networks for the card issuers 70, who initially authorize the transactions. - The transaction described above can also be initiated directly at a
station 20, instead of first going to a terminal 10. - The system and method described above allows an individual to buy an item (e.g., a check) that can be directly converted into cash, in a manner similar to buying any other product or service. The system and method has the advantage that the funds received by an individual may (depending on the issuing bank) not count against an individual's daily ATM limit or their cash advance limit. Also certain additional charges/fees/interest (such as a higher interest rate for cash advances) may be avoided. Because an endorsement is obtained in electronic or hard copy form at the customer's option, the system and method complies with wire transfer money order (a subset of quasi-cash) requirements for a signature in accordance with credit/debit card company policies/rules.
- The foregoing description of preferred embodiments of the invention have been presented for purposes of illustration and description. It is not intended to be exhaustive or to limit the invention to the precise form disclosed. Modifications and variations will occur to those of skill in the field, and the precise form of the invention must be adapted to the particular application at hand. The scope of the invention is thus defined with reference to the following claims.
Claims (30)
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US14/528,592 US20150052052A1 (en) | 2007-08-15 | 2014-10-30 | System and method for making funds available for gaming |
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US11205321B2 (en) | 2003-10-01 | 2021-12-21 | Everi Payments Inc. | System and method for redeeming cashless gaming tickets to bank accounts via multifunction ATM |
EP1687074A4 (en) | 2003-10-01 | 2008-03-26 | Cash Systems Inc | Multi-function cashless gaming atm |
US10748381B2 (en) | 2004-09-09 | 2020-08-18 | Everi Payments Inc. | System and method for integrated multiple source player cash access |
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- 2008-08-01 CA CA2973315A patent/CA2973315A1/en active Pending
- 2008-08-08 GB GB0814578A patent/GB2451944B/en active Active
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2012
- 2012-01-19 US US13/353,795 patent/US20120116961A1/en not_active Abandoned
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2014
- 2014-10-30 US US14/528,592 patent/US20150052052A1/en not_active Abandoned
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CA2973315A1 (en) | 2009-02-15 |
US20090048973A1 (en) | 2009-02-19 |
GB0814578D0 (en) | 2008-09-17 |
US20120116961A1 (en) | 2012-05-10 |
GB2451944A (en) | 2009-02-18 |
GB2451944B (en) | 2009-12-02 |
CA2638249C (en) | 2017-08-29 |
US8140434B2 (en) | 2012-03-20 |
CA2638249A1 (en) | 2009-02-15 |
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