System and method for checkless cash advance settlement

• US 8,025,216 B2
• Filed: 11/11/2008
• Issued: 09/27/2011
• Est. Priority Date: 09/09/2004
• Status: Active Grant

• Current Assignee: Everi Payments, Inc. (Everi Holdings, Inc.)
• Original Assignee: Global Cash Access Incorporated (Global Cash Advance Holdings Incorporated)
• Inventors: Beer, Richard, Potts, Craig K.
• Primary Examiner(s): Paik; Steven S
• Assistant Examiner(s): Kim; Tae
• Application Number:
  US12/268,857
• Publication Number:
  US 20090065573A1
• Time in Patent Office: 1,050 Days
• Field of Search: 235/379
• US Class Current: 235/379
• CPC Class Codes: A63F 3/00157 Casino or betting games horse races A63F3/00082
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/045 using payment protocols involving tickets
• CPC Class Codes: G06Q 20/06 Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme
• CPC Class Codes: G06Q 20/085 involving remote charge determination or related payment systems
• CPC Class Codes: G06Q 20/18 involving self-service terminals [SST], vending machines, kiosks or multimedia terminals
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/40 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
• CPC Class Codes: G06Q 50/34 Betting or bookmaking, e.g. Internet betting
• CPC Class Codes: G07F 17/3223 Architectural aspects of a gaming system, e.g. internal configuration, master/slave, wireless communication
• CPC Class Codes: G07F 17/3225 Data transfer within a gaming system, e.g. data sent between gaming machines and users
• CPC Class Codes: G07F 17/3237 about the players, e.g. profiling, responsible gaming, strategy/behavior of players, location of players
• CPC Class Codes: G07F 17/3239 Tracking of individual players
• CPC Class Codes: G07F 17/3241 Security aspects of a gaming system, e.g. detecting cheating, device integrity, surveillance computer security G06F21/00
• CPC Class Codes: G07F 17/3244 Payment aspects of a gaming system, e.g. payment schemes, setting payout ratio, bonus or consolation prizes
• CPC Class Codes: G07F 17/3246 involving coins and/or banknotes
• CPC Class Codes: G07F 17/3248 involving non-monetary media of fixed value, e.g. casino chips of fixed value
• CPC Class Codes: G07F 17/3251 involving media of variable value, e.g. programmable cards, programmable tokens
• CPC Class Codes: G07F 17/3255 Incentive, loyalty and/or promotion schemes, e.g. comps, gaming associated with a purchase, gaming funded by advertisements
• CPC Class Codes: G07F 17/3286 : Type of games
• CPC Class Codes: G07F 17/42 : for ticket printing or like apparatus , e.g. apparatus for dispensing of printed paper tickets or payment cards
• CPC Class Codes: G07F 19/00 : Complete banking systems; Coded card-freed arrangements adapted for dispensing or receiving monies or the like and posting such transactions to existing accounts, e.g. automatic teller machines data processing equipment for bank accounting G06Q40/02
• CPC Class Codes: G07F 19/20 : Automatic teller machines [ATMs]
• CPC Class Codes: G07F 7/08 : by coded identity card or credit card or other personal identification means without personal verification means G07F7/02

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.

Claims

1. A method in a computer system for executing a checkless cash advance settlement at a gaming machine, comprising:

(a) initiating a point of sale cash advance transaction via the gaming machine with a credit or debit card,

(b) authorizing the point of sale cash advance transaction;

(c) providing customer identification and a credit or 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 attendant;

(f) completing the transaction upon validation of the customer identification, including dispensing cash requested in the debit or credit point of sale cash advance transaction to a 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 point of sale cash advance transaction;

(i) storing the transaction receipt, wherein the transaction receipt is scanned and stored electronically; and

(j) recording information about the point of sale cash advance transaction, including recording an electronic image of the transaction receipt on a central server; and

(k) generating an automated clearing house file containing all the point of sale cash advance transactions completed for a predetermined specified settlement period and electronically transmitting the automated clearing house file to a designated financial institution for processing and successive posting of deposits.

2. The method of claim 1 wherein the point of sale cash advance transaction is initiated via a related system which includes a kiosk, an ATM or a wireless device.

3. The method of claim 1 wherein the point of sale cash advance transaction is initiated via a kiosk and the attendant is a cashier employed to receive the customer identification and credit or debit card.

4. The method of claim 1 wherein the point of sale cash advance transaction is initiated via an ATM and the attendant is a cashier employed to receive the customer identification and credit or debit card.

5. The method of claim 1 wherein the point of sale cash advance transaction is initiated via a wireless device, providing an identification and the credit or debit card to the attendant operating the wireless device.

6. The method of claim 1 wherein the customer signature is obtained electronically by scanning a printed version of the transaction receipt.

7. The method of claim 1 wherein the customer signature is obtained electronically via a touchpad associated with the computer system.