Gaming Credit System Spending Controls
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Solution Overview
Problem
Existing systems for offering lines of credit to gaming establishment patrons lack effective mechanisms to manage risk by not considering the specific channels of commerce where funds from the line of credit are used, leading to potential defaults.
Innovation Solution
A system that determines spending controls based on historical and anticipated spending patterns of patrons, allowing for the approval or denial of line of credit applications and the activation of funds, ensuring that funds are used within acceptable risk channels.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If lines of credit are offered to gaming establishment patrons without spending controls, then the flow of money within the gaming establishment increases, but the risk of default increases
Solution Approach 1:
The patent applies parameter changes by dynamically adjusting spending controls based on multiple factors including historical spending patterns, current account status, and predicted future behavior. The system modifies credit parameters (spending limits, channel restrictions) in response to changing conditions, thereby managing default risk while maintaining money flow. This is evident in the continuous monitoring and adjustment of spending controls based on patron behavior data.
Solution Approach 2:
The system implements feedback mechanisms by continuously monitoring patron spending behavior, account status, and other relevant data, then using this information to adjust spending controls in real-time. The feedback loop ensures that spending controls are dynamically optimized to balance risk management with maintaining productive money flow within the establishment.
2Reliability
If spending controls are implemented to reduce default risk, then the reliability of credit usage improves, but the complexity of the credit management system increases
Solution Approach 1:
The system applies self-service by automatically monitoring patron behavior, evaluating risk factors, and adjusting spending controls without requiring manual intervention. The automated nature of the system reduces operational complexity despite the sophisticated risk management algorithms employed. The system serves itself by continuously gathering data, analyzing patterns, and making real-time adjustments to credit parameters.
Solution Approach 2:
The patent implements universality by creating a multi-functional credit management system that simultaneously performs risk assessment, spending control, behavior analysis, and real-time decision-making. This consolidated approach manages multiple functions within a single system framework, reducing overall complexity compared to having separate systems for each function.
3Reliability
If spending controls restrict certain channels of commerce, then the risk of default decreases, but the versatility of credit usage decreases
Solution Approach 1:
The system applies dynamics by making spending controls flexible and adaptable rather than static. Spending controls are dynamically adjusted based on current patron behavior, account status, and predicted future actions. This allows the system to restrict channels when risk is high while permitting broader usage when risk is low, thereby maintaining versatility while managing risk.
Solution Approach 2:
The patent implements segmentation by dividing spending controls into different channels of commerce (gaming, dining, shopping, etc.) and applying specific controls to each channel based on risk assessment. This segmented approach allows the system to restrict certain channels while permitting others, maintaining credit usage versatility while effectively managing default risk through targeted controls.
Data Source
AI summary
A system that accounts for different channels of commerce in offering a line of credit to a gaming establishment patron and/or enabling the gaming establishment patron the opportunity to activate funds associated with an issued line of credit.