Gaming Account Integration with Banking for Faster Transactions
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Solution Overview
Problem
Existing systems face challenges in efficiently transferring funds between gaming establishment accounts and external bank accounts, leading to delays and increased transaction times.
Innovation Solution
The system integrates a bank account with a gaming establishment account, allowing for direct transfers between the integrated bank account and gaming devices or retail points-of-sale, bypassing the need for external bank accounts and reducing transaction times.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If funds are transferred between gaming establishment accounts and external bank accounts using traditional banking systems, then security and reliability are maintained, but transaction time and processing delays increase
Solution Approach 1:
The patent merges the gaming establishment account system with the external bank account system through a unified communication interface. This integration allows funds to be transferred directly between the two systems without requiring traditional banking intermediaries, thereby maintaining security through established banking protocols while eliminating processing delays associated with external transfer mechanisms.
2Reliability
If traditional external bank accounts are used for transactions, then access to funds is secure, but transaction friction and processing complexity increase
Solution Approach 1:
The patent introduces a communication interface as an intermediary between the gaming establishment account system and the external bank account system. This intermediary layer simplifies the transaction process by handling all communication and coordination between the two systems, reducing the complexity that would otherwise be imposed on users while maintaining the security benefits of using established banking infrastructure.
3Productivity
If direct integration between bank accounts and gaming accounts is implemented, then transaction speed and user convenience improve, but system complexity and integration requirements increase
Solution Approach 1:
The communication interface is designed with universal functionality to handle multiple types of transactions and communications between the gaming establishment account system and external bank accounts. This multi-functional design consolidates various integration requirements into a single versatile interface, reducing the overall system complexity while enabling fast, direct fund transfers and other transactional operations.
Data Source
AI summary
Systems and methods that responsive to an authorized purchase transaction at a point-of-sale terminal using an amount of funds maintained in an integrated bank account associated with a user, determine a gaming establishment account associated with the user, and operate with a component of a gaming establishment system that maintains the gaming establishment account to cause, based on the authorized purchase transaction a benefit to be associated with the gaming establishment account.