System and method for checkless cash advance settlement
View Patent ↗Methods, devices, and systems for conducting a checkless cash access settlement are provided. In one embodiment, a cash advance method includes the following: a customer initiates a cash access transaction with a financial card via a cash access system; the customer receives authorization or denial; the customer provides identification and the financial card to a cashier or attendant; the cashier or attendant validates the customer's identity, retrieves the transaction information, and completes the cash advance application; the application prints a non-negotiable instrument, such as a transaction receipt; the customer signs the receipt confirming the transaction with a physical receipt or electronic capture; the receipt image is stored electronically for subsequent transmittal to a central server; the transaction information, including the receipt image if applicable, is recorded on the central server; and the central server generates an ACH file and electronically transmits the ACH file to a designated financial institution.
1. A method for conducting a checkless cash access settlement, comprising:
receiving, at an electronic cash access system terminal located in a gaming environment, a request from a customer for a cash access transaction using a financial account instrument, the cash access transaction used to request a disbursal of cash currency funded from a financial account owned by the customer at a financial institution, the financial account instrument used to access the financial account owned by the customer, and the financial account instrument including a first set of personal information regarding the customer;
obtaining pre-authorization for performance of the cash access transaction with the financial account;
providing information regarding said requested cash access transaction at a station at a cash disbursement location;
obtaining customer identification from a customer identification medium provided by the customer at the station, the customer identification medium issued by a third party and being distinct from the financial account instrument, and the customer identification medium including a second set of personal information regarding the customer, the second set of personal information being encoded on the customer identification medium independent from the first set of personal information;
validating an identity of the customer based on a comparison of the first and second sets of personal information provided from the customer identification and the financial account instrument by determining whether a subset of the first set of personal information corresponds with a subset of the second set of personal information;
completing, via the station, the cash access transaction with the financial account responsive to validation of the customer identification; and
disbursing cash currency requested in the cash access transaction to the customer at the station.
2. The method of claim 1 , wherein the cash access system terminal is provided at a gaming station, and wherein the gaming station comprises a gaming table or a game machine.
3. The method of claim 1 , wherein the cash access system terminal comprises a portable, remote control unit (RCU) operable by the customer.
4. The method of claim 1 , wherein the cash access system terminal is one of: a kiosk, an ATM, a gaming station, or a wireless device.
5. The method of claim 1 , wherein the financial account instrument comprises a debit card, bank card, or credit card, and wherein the cash access transaction comprises a cash advance, quasi-cash, or cash equivalent transaction.
6. The method of claim 1 , wherein the customer identification medium comprises an identification card encoded with the second set of personal information that is distinct from the first set of personal information encoded on the financial account instrument.
7. The method of claim 6 , wherein the identification card comprises a government-issued identification card.
8. The method of claim 7 , wherein the government-issued identification card comprises a driver's license.
9. The method of claim 1 , wherein the customer identification medium includes an electronic identification file comprising the second set of personal information that is distinct from first set of personal information encoded on the financial account instrument, and further comprising the step of electronically capturing the second set of personal information from said customer identification medium by transferring the electronic identification file from a customer device.
10. The method of claim 1 , further comprising:
electronically validating the second set of personal information received from the customer identification medium of a customer electronic device with said first set of personal information; and
sending the customer an electronic confirmation responsive to successfully validating the customer identification.
11. The method of claim 1 , further comprising:
obtaining a signature of the customer to be used for at least a future cash access transaction;
storing an electronic record of the signature responsive to obtaining the signature of the customer; and
accessing the electronic record in connection with the future cash access transaction.
12. The method of claim 1 , further comprising:
obtaining a signature of the customer in connection with the cash access transaction; and
storing an electronic record of the signature responsive to obtaining the signature of the customer.
13. The method of claim 12 , wherein obtaining a signature of the customer includes printing a transaction receipt for the cash access transaction and providing the transaction receipt to the customer to obtain a signature on the transaction receipt, and wherein storing an electronic record of the signature includes obtaining an electronic image of the transaction receipt and storing the electronic image in the electronic record.
14. The method of claim 13 , wherein the transaction receipt is a nonnegotiable instrument providing proof of cash dispersal.
15. The method of claim 12 , wherein obtaining a signature of the customer includes capturing the signature via a touch screen or signature pad associated with the cash access system terminal.
16. The method of claim 1 , further comprising transmitting information of the cash access transaction for inclusion in an electronic deposit transaction, wherein the electronic deposit transaction provided for a plurality of cash access transactions completed in a settlement period is an automated clearing house (ACH) transaction for the plurality of cash access transactions, wherein the plurality of cash access transactions are performed by a plurality of customers, and wherein an ACH file referencing the plurality of cash access transactions is used in connection with the ACH transaction.
17. The method of claim 16 , further comprising electronically transmitting the ACH file to at least one financial institution for processing and successive posting of electronic deposits correlating to the plurality of cash access transactions.
18. A system, comprising:
a cash access transaction device operable in a gaming environment configured to:
receive a request from a customer for a cash access transaction with a financial card, the cash access transaction used to conduct a dispersal of cash currency funded from funds transferred from a financial account owned by the customer, and the financial account being associated with the financial card;
receive card information from the financial card, the card information comprising a first set of personal information of the customer; and
transmit card information for use in generating a pre-authorization for said cash access transaction with said financial account;
a station at a cash disbursement location configured to:
provide information regarding the requested cash access transaction to a user of said station; and
receive input of validation from said user of a customer's identity from a comparison of a second set of personal information to the first set of personal information, the second set of personal information being presented on a customer identification medium, the customer identification medium being provided from a third party unrelated to the financial
account, and the second set of personal information being independent from the first set of personal information; and
a cash access transaction base processor, configured to:
receive information from said cash access transaction device;
obtain validation of the customer identification information and the financial card from said station; and
complete the cash access transaction with the financial account responsive to validation of the identification.
19. The system of claim 18 , wherein the cash access processing device is provided at a gaming station in the gaming environment, the gaming station being one of:
a gaming table, bingo system, keno system, betting station, server-based gaming terminal, or a gaming machine.
20. The system of claim 18 , wherein the financial account is maintained by a casino enterprise.