Mobile Line of Credit Fund Transfer for Gaming Devices
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Solution Overview
Problem
Current systems for accessing and managing funds associated with a line of credit at gaming establishments are inefficient, requiring users to visit cages, lack user control, and pose security concerns due to the handling of cash and paper ticket vouchers.
Innovation Solution
A mobile device-based system that allows users to activate and transfer funds from a line of credit to a gaming establishment account and then to gaming devices, such as electronic gaming machines or gaming tables, providing greater control and safety by minimizing the need for physical cash and paper transactions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If users visit the gaming establishment cage to access line of credit funds, then they can obtain gaming chips, but it requires physical visits and cash handling which reduces convenience and increases security risks
Solution Approach 1:
The patent replaces the mechanical cash handling system with an electronic fund transfer system. Users can access their line of credit funds through electronic devices like mobile phones or gaming terminals, which automatically transfer funds to their gaming accounts without requiring physical cash transactions at the cage. This eliminates security risks associated with carrying and handling cash while maintaining convenient access to funds.
Solution Approach 2:
The patent creates an electronic copy of the cash transaction process through digital fund transfers. Instead of physical cash and paper ticket vouchers, the system uses electronic records and digital transactions that can be accessed remotely through devices. This electronic copying eliminates the need for physical cage visits while preserving the essential function of fund access.
2Productivity
If users visit the gaming establishment cage to access line of credit funds, then they can obtain gaming chips, but it consumes time and reduces efficiency
Solution Approach 1:
The patent enables users to access and transfer their line of credit funds in advance through electronic devices before arriving at the gaming establishment or before needing to play. Users can pre-load their gaming accounts with funds from their line of credit, eliminating the need to visit the cage during their gaming session. This preliminary action significantly reduces the time spent on fund access procedures.
Solution Approach 2:
The patent replaces the time-consuming mechanical process of visiting the cage, waiting in line, and completing manual transactions with an automated electronic fund transfer system. Users can access their funds instantly through mobile devices or gaming terminals, which automatically process the transfer without requiring physical presence at the cage. This substitution eliminates waiting time and streamlines the entire fund access process.
3Ease of manufacture
If the system uses paper ticket vouchers for line of credit transactions, then transactions can be processed, but it creates waste and reduces environmental sustainability
Solution Approach 1:
The patent replaces the paper-based transaction system with an electronic system that processes line of credit transactions digitally. Instead of printing and distributing paper ticket vouchers, the system uses electronic records stored in databases and accessed through devices. This substitution maintains the simplicity of transaction processing while completely eliminating paper waste and improving environmental sustainability.
Solution Approach 2:
The patent changes the physical state of the transaction medium from solid paper vouchers to electronic data. By transforming the transaction record from a physical paper object to a digital parameter stored in electronic form, the system maintains all functional capabilities of paper vouchers while eliminating the material waste associated with paper production, distribution, and disposal.
Data Source
AI summary
A system that utilizes a mobile device to facilitate a first transfer of an amount of funds associated with a line of credit to a gaming establishment account and further to facilitate a second transfer of part or all of such an amount of funds from the gaming establishment account to a gaming device, such as an electronic gaming machine or a gaming table component associated with a gaming establishment gaming table.