Mobile Account Synchronization for Cashless Wagering Transfers
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Gaming establishments face challenges with cash-based and ticket voucher-based transactions that incur waste, security concerns, and labor costs, while players need seamless and efficient fund transfers across different accounts.
Innovation Solution
A system utilizing a mobile device application to facilitate transfers between cashless wagering accounts, gaming establishment retail accounts, and external accounts, synchronizing account states and limits, reducing the use of physical currency and ticket vouchers, and integrating with various systems for seamless fund transfers and purchases.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If cash-based and ticket voucher-based transactions are used, then players can conduct transactions and fund transfers, but waste is generated, security concerns arise, and labor costs increase
Solution Approach 1:
The patent replaces physical cash handling and ticket voucher systems with an electronic fund transfer system. Players use a mobile device application to transfer funds between cashless wagering accounts, gaming establishment retail accounts, and external accounts, eliminating the need for physical currency and paper tickets. This substitution of mechanical/physical systems with electronic systems directly reduces waste from paper tickets and cash handling while improving security through digital transaction tracking and control mechanisms.
2Adaptability or versatility
If multiple separate accounts (cashless wagering accounts and gaming establishment retail accounts) are maintained, then players have flexibility in fund management, but synchronization of account states and limits becomes complex
Solution Approach 1:
The patent implements a universal fund transfer system that operates across multiple account types (cashless wagering accounts, gaming establishment retail accounts, and external accounts) through a single mobile device application. The system provides unified functionality for funding, transferring, and managing funds across different account types, eliminating the need for separate management systems for each account type while maintaining account-specific features and limits.
Solution Approach 2:
The system employs feedback mechanisms to synchronize account states and limits across multiple accounts. The mobile device application communicates with the gaming establishment system to receive real-time or periodic updates on account balances, limits, and states. This feedback loop ensures that fund transfers comply with account-specific limits and that players have accurate, up-to-date information about their available funds across all account types.
Data Source
AI summary
A system that synchronizes data between multiple accounts associated with a gaming establishment.