System and method for checkless cash advance settlement

Details System and method for checkless cash advance settlement System and method for checkless cash advance settlement

2005-09-09

2008-12-09

Frech, Karl D. (Department: 2887)

Registers

Systems controlled by data bearing records

Credit or identification card systems

Reexamination Certificate

active

07461780

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.

REFERENCES:
patent: 2003/0045353 (2003-03-01), Paulsen et al.
patent: 2003/0211883 (2003-11-01), Potts
patent: 2004/0173673 (2004-09-01), Potts
patent: 2005/0080728 (2005-04-01), Sobek
patent: 2006/0148559 (2006-07-01), Jordan et al.
patent: 1 107 196 (2001-06-01), None
patent: WO 97/13228 (1997-04-01), None
AAMVA National Standard for the Driver License/Identification Card,AAMVA DL/ID-2000, American Association of Motor Vehicle Administrators, Jun. 30, 2000, pp. 1-90.

Affiliated with

Also associated with

Rating

System and method for checkless cash advance settlement does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with System and method for checkless cash advance settlement, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System and method for checkless cash advance settlement will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-4022546