Gaming Establishment Device Funding Via Direct External Transfers
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Solution Overview
Problem
Existing gaming establishment systems require patrons to transfer funds through gaming establishment accounts and cashless ticket vouchers, which are cumbersome, risky, and prone to errors, while also failing to comply with anti-money laundering and responsible gambling regulations.
Innovation Solution
A system enabling direct transfers from external accounts, such as financial institution accounts, to gaming establishment devices like electronic gaming machines, bypassing gaming establishment accounts and cashless ticket vouchers, using transfer context data and wireless communication protocols to ensure secure and compliant transactions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If funds are transferred through gaming establishment accounts and cashless ticket vouchers, then the transfer process is established, but the process becomes cumbersome and error-prone
Solution Approach 1:
The patent extracts the fund transfer process from the traditional gaming establishment account system by enabling direct transfers from external financial institution accounts to gaming machines. This eliminates the need for intermediate cashless ticket vouchers and gaming establishment account intermediaries, thereby simplifying the overall transfer process while maintaining security and compliance.
Solution Approach 2:
The patent introduces a payment gateway as a new intermediary component that facilitates direct transfers between external financial institutions and gaming machines. This payment gateway acts as a secure mediator that handles the transfer process, ensuring compliance with anti-money laundering regulations while streamlining the user experience.
2Reliability
If traditional fund transfer methods are used, then the system remains simple, but transaction risks and human errors increase
Solution Approach 1:
The patent implements feedback mechanisms through the payment gateway that provide real-time verification and monitoring of fund transfers. The system continuously monitors transfer transactions to ensure compliance with regulations and detects any anomalies, thereby enhancing transaction security while maintaining system reliability.
Solution Approach 2:
The patent replaces manual mechanical transfer processes with automated electronic fund transfers directly from external financial institutions to gaming machines. This substitution eliminates human intervention in the transfer process, thereby reducing human errors while maintaining secure transaction processing through electronic verification systems.
3Productivity
If cashless ticket vouchers are used for fund transfers, then the process is established, but operational wear and tear on infrastructure increases
Solution Approach 1:
The patent extracts the physical cashless ticket voucher component from the fund transfer system and replaces it with direct electronic transfers. This eliminates the need for physical ticket printing, distribution, and handling, thereby reducing operational wear and tear on infrastructure while maintaining efficient fund transfer capabilities.
Solution Approach 2:
The patent substitutes the mechanical physical ticket-based transfer system with an automated electronic funds transfer system. This replacement eliminates the need for physical handling of tickets and reduces wear on infrastructure components related to ticket printing, dispensing, and processing, thereby extending infrastructure lifespan while maintaining transfer efficiency.
Data Source
AI summary
Systems and methods that enable a transfer of funds from an external account to a gaming establishment device independent of any gaming establishment accounts, any wagering account transfers and any cashless ticket vouchers.