SYSTEM AND METHOD FOR CHECKLESS CASH ADVANCE SETTLEMENT
First Claim
1. A method in a computer system for executing a checkless cash advance settlement at a gaming machine, comprising:
- (a) initiating a POS cash advance transaction via the gaming machine with a credit/debit card,(b) authorizing the POS cash advance transaction;
(c) providing customer identification and a credit/debit card to an attendant, wherein the customer identification contains personal information;
(d) electronically capturing the customer identification containing personal information;
(e) validating the customer identification and the credit/debit card presented to the cashier or attendant;
(f) completing the transaction upon validation of the identification, including dispensing cash requested in the debit or credit POS cash advance transaction to the customer;
(g) presenting a transaction receipt to the customer, wherein the transaction receipt is a non-negotiable instrument providing proof of cash dispersal;
(h) obtaining a customer signature on the transaction receipt to confirm the transaction;
(i) storing the transaction receipt, wherein the transaction receipt is scanned and stored electronically;
(j) recording the transaction information, including recording an electronic image of the transaction receipt on a central server; and
(k) generating an ACH file containing all the cash advance transactions completed for a predetermined specified settlement period and electronically transmitting the ACH file to a designated financial institution for processing and successive posting of the deposits.
16 Assignments
0 Petitions
Accused Products
Abstract
A method for conducting a checkless cash advance settlement is provided, including the following steps: (1) a customer initiates a Debit or Credit POS transaction via a gaming machine; (2) the customer receives authorization or denial; (3) the customer provides his identification and the credit/debit card to a cashier/attendant at the gaming station; (4) the cashier or attendant validates the customer'"'"'s identity, retrieves the transaction information, and completes the cash advance application; (5) the application prints a non-negotiable instrument, such as a transaction receipt; (6) the customer signs the receipt confirming the transaction with a physical receipt or electronic capture; (7) the receipt image is stored electronically for subsequent transmittal to a central server; (8) the transaction information, including the receipt image if applicable, is recorded on the central server; and (9) the central server generates an ACH file and electronically transmits the ACH file to the casino'"'"'s designated financial institution.
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Citations
7 Claims
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1. A method in a computer system for executing a checkless cash advance settlement at a gaming machine, comprising:
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(a) initiating a POS cash advance transaction via the gaming machine with a credit/debit card, (b) authorizing the POS cash advance transaction; (c) providing customer identification and a credit/debit card to an attendant, wherein the customer identification contains personal information; (d) electronically capturing the customer identification containing personal information; (e) validating the customer identification and the credit/debit card presented to the cashier or attendant; (f) completing the transaction upon validation of the identification, including dispensing cash requested in the debit or credit POS cash advance transaction to the customer; (g) presenting a transaction receipt to the customer, wherein the transaction receipt is a non-negotiable instrument providing proof of cash dispersal; (h) obtaining a customer signature on the transaction receipt to confirm the transaction; (i) storing the transaction receipt, wherein the transaction receipt is scanned and stored electronically; (j) recording the transaction information, including recording an electronic image of the transaction receipt on a central server; and (k) generating an ACH file containing all the cash advance transactions completed for a predetermined specified settlement period and electronically transmitting the ACH file to a designated financial institution for processing and successive posting of the deposits. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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Specification