Mobile Credit Management App for Wager Gaming Systems

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Solution Overview

Problem

Traditional credit systems in gaming environments face challenges such as cash handling inefficiencies, increased security risks, money laundering concerns, and regulatory compliance burdens, leading to suboptimal player experience and operational costs for casinos.

Innovation Solution

A credit wager system that enables automated credit advances and paydowns directly to gaming devices, with advanced monitoring and reporting features to detect suspicious activities, and a tiered credit structure that includes third-party warrantying for risk management and revenue generation.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Ease of operation

If traditional operator credit systems are used to provide cash to players, then players can continue playing without carrying cash, but the casino faces increased security risks, cash handling inefficiencies, and difficulty in collecting credit receivables

Engineering Contradiction:

ImprovePlayer convenience in continuing to playVSAvoidSecurity risks and cash handling inefficiencies

Core Design Contradiction:

Ease of operationVSObject-affected harmful factors

Solution Approach 1:

The patent replaces the mechanical cash handling system with an electronic credit system. Players receive credit electronically through gaming devices rather than physical cash, eliminating the need for cash transportation, storage, and physical handling. The system uses electronic databases to track credit balances and transactions, substituting physical cash management with digital record-keeping.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The patent introduces an intermediary credit management system between the player and the gaming devices. This intermediary system electronically verifies player identities, manages credit balances, and facilitates transactions without requiring physical cash exchange. The system acts as a mediator that streamlines the credit provision process while maintaining security and control.

Inventive Principle:

Principle #24Intermediary (Mediator)

2Productivity

If cash is used for wagering activities, then players can place wagers directly, but this increases the occurrence of theft from players and reduces the quality of casino experience

Engineering Contradiction:

ImproveSpeed of wager placementVSAvoidTheft from players

Core Design Contradiction:

ProductivityVSObject-affected harmful factors

Solution Approach 1:

The patent uses electronic copies of value representation instead of physical cash. Digital credits and electronic records serve as copies that represent monetary value, allowing players to place wagers electronically. This eliminates the need for physical cash handling while maintaining the functionality of wager placement, and the electronic tracking prevents theft through automated verification and recording.

Inventive Principle:

Principle #26Copying

3Reliability

If traditional credit collection methods are used, then the casino can recover credit receivables from players, but this creates delays in cash flow and increases collection costs

Engineering Contradiction:

ImproveCredit receivable collectionVSAvoidCash flow delay

Core Design Contradiction:

ReliabilityVSLoss of time

Solution Approach 1:

The patent implements continuous electronic monitoring and automated collection processes. The system continuously tracks player credit balances, wagering activity, and repayment status in real-time through electronic databases. Automated collection mechanisms are triggered continuously based on predefined conditions, eliminating the interruptions and delays associated with manual collection methods. This ensures uninterrupted cash flow management.

Inventive Principle:

Principle #20Continuity of useful action

Solution Approach 2:

The patent incorporates feedback mechanisms where the electronic system continuously monitors player credit usage and repayment behavior, then automatically adjusts credit limits, interest rates, or collection timing based on this feedback. The system provides real-time information to both the casino and players about credit status, enabling dynamic optimization of collection strategies and reducing delays through data-driven decision-making.

Inventive Principle:

Principle #23Feedback

Data Source

PatentUS20230114727A1Wager Gaming System Including Mobile Credit Management App

Publication Date: 2023.04.13 OUR IP HOLDING LLC

AI summary

A method for managing gaming credits with a credit management app on a mobile device can include connecting the mobile device with a wager gaming credit management system over a network. The method can include communicating a casino marker credit line from the wager gaming credit management system to the credit management app on the mobile device over the network and transferring currency from a financial account linked to the credit management app on the mobile device to the casino marker credit line using the credit management app.