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System and method for checkless cash advance settlement

  • US 9,171,303 B2
  • Filed: 09/26/2011
  • Issued: 10/27/2015
  • Est. Priority Date: 09/09/2004
  • Status: Active Grant
First Claim
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1. A method for conducting a checkless cash access settlement, comprising:

  • receiving, at an electronic cash access system terminal located in a gaming environment, a request from a customer for a cash access transaction using a financial account instrument, the cash access transaction used to request a disbursal of cash currency funded from a financial account owned by the customer at a financial institution, the financial account instrument used to access the financial account owned by the customer, and the financial account instrument including a first set of personal information regarding the customer;

    obtaining pre-authorization for performance of the cash access transaction with the financial account;

    providing information regarding said requested cash access transaction at a station at a cash disbursement location;

    obtaining customer identification from a customer identification medium provided by the customer at the station, the customer identification medium issued by a third party and being distinct from the financial account instrument, and the customer identification medium including a second set of personal information regarding the customer, the second set of personal information being encoded on the customer identification medium independent from the first set of personal information;

    validating an identity of the customer based on a comparison of the first and second sets of personal information provided from the customer identification and the financial account instrument by determining whether a subset of the first set of personal information corresponds with a subset of the second set of personal information;

    completing, via the station, the cash access transaction with the financial account responsive to validation of the customer identification; and

    disbursing cash currency requested in the cash access transaction to the customer at the station.

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