Ticket Voucher Redemption System Using Electronic Fund Transfer

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Solution Overview

Problem

Gaming establishments face challenges in securely and efficiently redeeming ticket vouchers for cash, due to security concerns, labor costs, and compliance with anti-money laundering regulations.

Innovation Solution

A system utilizing a processor and memory device to enable ticket voucher redemption for non-cash forms of payment, such as pre-paid debit cards or original credit transactions, while verifying user identity and adhering to regulatory requirements.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If ticket vouchers are redeemed for cash, then users receive immediate payment, but security risks and labor costs increase

Engineering Contradiction:

ImprovesecurityVSAvoidcash handling

Core Design Contradiction:

ReliabilityVSEase of operation

Solution Approach 1:

The patent replaces the mechanical cash handling system with an electronic payment system. Instead of physically dispensing cash from ticket vouchers, the system electronically transfers funds to users' bank accounts or mobile payment platforms, eliminating the need for cash storage, handling, and security measures while maintaining the redemption function.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The patent introduces an intermediary electronic payment platform (such as bank accounts or mobile payment systems) between the ticket voucher system and the user. This intermediary handles the fund transfer electronically, reducing direct cash handling requirements and improving security while maintaining ease of operation for users.

Inventive Principle:

Principle #24Intermediary (Mediator)

2Productivity

If ticket vouchers are redeemed for cash, then users receive full value, but operational costs and compliance burden increase

Engineering Contradiction:

Improveredemption efficiencyVSAvoidcompliance requirements

Core Design Contradiction:

ProductivityVSDevice complexity

Solution Approach 1:

The patent replaces manual cash redemption processes with automated electronic fund transfers. The system automatically verifies ticket voucher validity, calculates redemption amounts, and executes fund transfers through electronic payment interfaces, significantly improving redemption efficiency while reducing the complexity of cash management and regulatory compliance procedures.

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Solution Approach 2:

The patent enables users to initiate and complete redemption transactions themselves through mobile devices or online platforms. Users scan ticket voucher codes, select redemption amounts, and receive electronic transfers without requiring staff intervention, thereby improving productivity and simplifying compliance monitoring.

Inventive Principle:

Principle #25Self-service

3Reliability

If non-cash payment methods are implemented, then security and operational costs improve, but system complexity increases

Engineering Contradiction:

ImprovesecurityVSAvoidsystem architecture

Core Design Contradiction:

ReliabilityVSDevice complexity

Solution Approach 1:

The patent implements a universal electronic payment interface that can handle multiple payment methods (bank transfers, mobile payments, digital wallets) through a single integrated system. This multi-functional approach consolidates what would otherwise require separate systems for each payment method, reducing overall system complexity while maintaining security benefits of non-cash transactions.

Inventive Principle:

Principle #6Universality (Multi-functionality)

Data Source

PatentUS12236751B2System and method for redeeming ticket vouchers

Publication Date: 2025.02.25 INTERNATIONAL GAME TECHNOLOGY INC

AI summary

A system and method that provide non-cash avenues to redeem a ticket voucher associated with an amount of funds.