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 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.
1. A method for making funds available for gaming, the method comprising:
allowing a customer to select a monetary value transaction at an electronic processing terminal, the monetary value transaction providing credit to the customer for cash access based on a customer source of funds as collateral, and said monetary value transaction creating a negotiable instrument which represents an amount of money and which may be redeemed for cash or casino credit;
receiving information regarding said source of funds at said electronic processing terminal to obtain customer identification information;
generating a request for authorization of the monetary value transaction when the customer selects the monetary value transaction; and
completing processing of said transaction at a casino cage station separate from the electronic processing terminal,
wherein when said request for authorization has been approved and an identity of the customer is verified,
generating the negotiable instrument, the negotiable instrument comprising at least some of the obtained customer identification information and is endorsable by the customer; and either:
(a) printing a hard copy of the generated negotiable instrument for endorsement by the customer, and, after said customer endorses said negotiable instrument, receiving said endorsed negotiable instrument to provide funds to the customer at said casino cage station; or
(b) receiving an electronic endorsement for the generated negotiable instrument from the customer at said electronic processing terminal and transmitting said endorsement to said casino cage station, and providing funds to said customer based on said endorsed negotiable instrument received at said casino cage station.
2. The method as set forth in claim 1 , wherein said step of receiving an electronic endorsement comprises receiving input from said customer with a stylus to an electronic display.
3. The method as set forth in claim 1 , further comprising a step of storing said electronic endorsement as an electronic image at an image repository associated with said casino cage station.
4. The method as set forth in claim 1 , further comprising the step of printing out a receipt by the casino cage station.
5. The method as set forth in claim 1 , wherein said electronic processing terminal comprises a wireless control unit located remote from said casino cage station.
6. The method as set forth in claim 1 , wherein a printer is associated with said casino cage station and said step of printing a hard copy of said negotiable instrument comprises printing said hard copy using said printer associated with said casino cage station.
7. The method as set forth in claim 1 , wherein said negotiable instrument comprises a check.
8. The method as set forth in claim 1 , wherein said source of funds comprises a financial account having an associated debit or credit card.
9. The method as set forth in claim 8 , wherein said step of receiving information regarding said source of funds comprises reading customer information from said debit or credit card.
10. The method as set forth in claim 1 , further comprising the step of inputting identification information into said casino cage station regarding said identify of said customer as part of verifying said identify of said customer.
11. The method as set forth in claim 10 , wherein said identification information is obtained from a personal identification card provided by said customer.
12. A method for making funds available for gaming, the method comprising:
allowing a customer to select a monetary value transaction at an electronic processing terminal in a gaming area of a casino, the monetary value transaction providing credit to the customer for cash access based on a customer source of funds as collateral, and said monetary value transaction creating a negotiable instrument which represents an amount of money and which may be redeemed for cash or casino credit;
receiving information regarding said source of funds at said electronic processing terminal to obtain customer identification information;
generating a request for authorization of the monetary value transaction when the customer selects the monetary value transaction; and
completing processing of said transaction at a casino cage station separate from the electronic processing terminal,
wherein when said request for authorization has been approved and an identity of the customer is verified,
generating the negotiable instrument, the negotiable instrument comprising at least some the obtained customer identification information and is endorsable by the customer; and either:
(a) printing, via a printer associated with said casino cage station, a hard copy of the generated negotiable instrument for endorsement by the customer in said gaming area of said casino, and, after said customer endorses said negotiable instrument, receiving said endorsed negotiable instrument to provide funds to said customer at said casino cage station; or
(b) receiving an electronic endorsement from the customer at said electronic processing terminal for the generated negotiable instrument and transmitting said endorsement to said casino cage station, and providing funds to said customer based on said endorsed negotiable instrument received at said casino cage station.
13. The method as set forth in claim 12 , wherein said step of receiving an electronic endorsement comprises receiving input from said customer with a stylus to an electronic display.
14. The method as set forth in claim 12 , further comprising a step of storing said electronic endorsement as an electronic image at an image repository associated with said casino cage station.
15. The method as set forth in claim 12 , further comprising the step of printing out a receipt by the casino cage station.
16. The method as set forth in claim 12 , wherein said electronic processing terminal comprises a wireless control unit located remote from said casino cage station.
17. The method as set forth in claim 12 , wherein said negotiable instrument comprises a check.
18. The method as set forth in claim 12 , wherein said source of funds comprises a financial account having an associated debit or credit card.
19. The method as set forth in claim 18 , wherein said step of receiving information regarding said source of funds comprises reading customer information from said debit or credit card.
20. The method as set forth in claim 12 , further comprising the step of inputting identification information into said casino cage station regarding said identify of said customer as part of verifying said identify of said customer, wherein said identification information is obtained from a personal identification card provided by said customer.