Bankcard cash disbursements at casinos
View Patent ↗A method for processing cash advance transactions in a casino having an authorized MCD processor and, in particular, for processing non-service fee/surcharge transactions as Manual Cash Disbursements by the system.
1. A method of processing cash advance transactions in a casino as a Manual Cash Disbursement (MCD) transaction by an authorized MCD processor in the casino, the method comprising:
receiving information relating to a cash advance request and a bankcard in a casino by the authorized MCD processor, wherein said authorized MCD processor includes a financial institution that is a Principal Member of a bankcard association or an authorized agent of a Principal Member;
dispersing cash or authorizing dispersing cash to a requestor;
instituting an authorization to debit an account of the bankcard over a bankcard Association Network; and
receiving an interchange fee by the Principal Member because of the MCD transaction from a card issuing bank.
2. The method of claim 1 including charging the requestor no fee for the MCD transaction.
3. The method of claim 2 including paying no interchange by the MCD processor for the MCD transaction.
4. The method of claim 1 including paying no interchange by the MCD processor for the MCD transaction.
5. The method of claim 1 , 2 , 4 or 3 including receiving the information relating to the bankcard and request on a device in the casino, the device in communication with related application processing software, and indicating by or to the device some requests to be for MCD transactions and some requests to be for quasi-cash transactions.
6. The method of claim 5 including associating, by the software, MCD transactions and quasi-cash transactions with different merchant processing codes.
7. The method of claim 5 that includes determining, by the software, whether a request is to be processed as a MCD transaction.
8. The method of claim 5 including utilizing one software application that combines an ability to perform MCD transactions and quasi-cash transactions with one device.
9. The method of claim 5 including indicating a transaction type as MCD or quasi-cash at least by one of a cardholder or a casino teller to the device.
10. The method of claim 5 including using a different TIN (Transaction Identification Number) or BIN (Bank Identification Number) as an indicator of a transaction type, MCD or quasi-cash.