Casino cash system, apparatus and method utilizing integrated circuit cards

A transaction terminal configured to process a request to access monetary value associated with a financial account, comprising:

• a housing;
• a card reader, said card reader configured to accept at least a portion of an integrated circuit card and configured to engage at least one integrated circuit engaging component with an integrated circuit of said integrated circuit card by moving said at least one integrated circuit engaging component from a first unengaged position in which said integrated circuit engaging component is not in contact with said integrated circuit of said integrated circuit financial card to a second engaged position in which said integrated circuit engaging component contacts said integrated circuit of said integrated circuit financial card to read information therefrom;
• a monetary dispensing device;
• at least one user input device;
• at least one electronic video display;
• a communication interface configured to transmit information to and receive information from at least one financial processing network;
• at least one processor configured to execute machine readable code;
• at least one memory configured to store said machine readable code;
• and
• said machine readable code configured to be executable by said at least one processor to cause said processor to:
• cause said card reader to control said at least one integrated circuit engaging component to move from said first unengaged position to said second engaged position to engage with said integrated circuit and to read said integrated circuit of said card to read information associated with said card;
• determine one or more available transaction types based upon said information read from said card;
• receive a first input of a PIN from said user via said at least one input device;
• process said request to access monetary value via a first transaction type from said available transaction types;
• when said transaction is approved, cause said monetary dispensing device to dispense said requested monetary value to said user;
• and
• when said transaction is denied, without input from said user of said card, control said at least one integrated circuit engaging component to remain in said second engaged position to continue to engage said integrated circuit of said card, cause said reader to re-read said card, receive a second input of said PIN from said user via said at least one input device, and process said request via a second transaction type from said available transaction types.

A transaction terminal configured to process a request to access monetary value associated with a financial account by an account holder, comprising:

• a housing;
• a card reader, said card reader configured to accept at least a portion of an integrated circuit card and configured to engage at least one integrated circuit engaging component with an integrated circuit of said integrated circuit card to read information therefrom by moving said at least on integrated circuit engaging component from a first unengaged position in which said integrated circuit engaging component is not in contact with said integrated circuit of said integrated circuit financial card to a second engaged position in which said integrated circuit engaging component contacts said integrated circuit of said integrated circuit financial card from a first unengaged position to a second engaged position to make physical contact with the integrated circuit card;
• a monetary dispensing device;
• at least one user input device;
• at least one electronic video display;
• a communication interface configured to transmit information to and receive information from at least one financial processing network;
• at least one processor configured to execute machine readable code;
• at least one memory configured to store said machine readable code;
• and
• said machine readable code configured to be executable by said at least one processor to cause said processor to:
• cause said card reader to control said at least one integrated circuit engaging component to move from said first unengaged position to said second engaged position to engage said integrated circuit of said card and read information associated with said card;
• determine one or more available transaction types based upon said information read from said card;
• receive a first input of a PIN from said user via said at least one user input device;
• process said request to access monetary value via a first transaction type from said available transaction types;
• when said transaction is approved, cause said monetary dispensing device dispense said requested monetary value to said account holder;
• and
• when said transaction is denied, without input from said account holder, control said at least one integrated circuit engaging component to remain in said second engaged position to continue to engage said integrated circuit of said card, and cause said card reader to re-read said card, receive a second input of said PIN from said user via said at least one input device, and process said request via a second transaction type from said available transaction types, said second transaction type different than said first transaction type.