System and method for checkless cash advance settlement
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:
pre-authorizing a customer financial transaction comprising the steps of:
reading customer information from a card associated with a financial account at an electronic processing terminal;
allowing the customer to select a monetary value transaction at the electronic processing terminal, the monetary value transaction providing credit to the customer for cash access based on a customer source of funds associated with the financial account used to repay said credit when said credit is accessed by said customer; and
providing authorization information to said customer of whether said financial transaction is authorized or denied; and
completing the customer financial transaction comprising the steps of:
accepting the card associated with the financial account at a casino cage station separate from the electronic processing terminal;
verifying an identity of the customer at the casino cage station;
retrieving transaction information of the monetary value transaction from the electronic processing terminal; and
when the monetary value transaction is approved, generating a negotiable instrument comprising at least some of the customer information read from said card, the negotiable instrument representing an amount of money which is redeemable for cash or casino credit, and either:
(a) printing a hard copy of the generated negotiable instrument for endorsement by the customer, and, after the customer endorses the negotiable instrument, receiving the endorsed negotiable instrument to provide funds to the customer at the station and presenting the negotiable instrument for payment from said financial account;
(b) receiving an electronic endorsement for the generated negotiable instrument from the customer, and, after the customer electronically endorses the negotiable instrument, providing funds to the customer based on the electronically endorsed negotiable instrument received at the station and presenting the negotiable instrument for payment from said financial account.
2. The method of claim 1 , wherein the step of receiving an electronic endorsement comprises receiving input from the customer with a stylus to an electronic display.
3. The method of claim 1 , further comprising a step of storing the electronic endorsement as an electronic image at an image repository associated with the casino cage station.
4. The method of claim 1 , further comprising a step of printing out a receipt by the casino cage station.
5. The method of claim 1 , wherein the electronic processing terminal comprises a wireless control unit located remote from the casino cage station.
6. The method of claim 1 , wherein a printer is associated with the casino cage station and the step of printing a hard copy of the negotiable instrument comprises printing the hard copy using the printer associated with the casino cage station.
7. The method of claim 1 , wherein the negotiable instrument comprises a check.
8. The method of claim 1 , wherein the card associated with a financial account is a debit or a credit card.
9. The method of claim 8 , wherein the step of reading customer information comprises reading information regarding customer source of funds associated with the financial account from the debit or credit card.
10. The method of claim 1 , further comprising a step of inputting identification information into the casino cage station regarding the identity of the customer as part of verifying the identity of the customer.
11. The method of claim 10 , wherein the identification information is obtained from a personal identification card provided by the customer.
12. The method of claim 11 , wherein the step of verifying an identity of the customer at the casino cage station comprises accepting the personal identification card.