US 2019/0295373 A1Published application

Pre-authorized casino credit instrument

AssigneeEveri Payments Inc.

InventorsTimothy Brian Richards, Kurt Douglass Sullivan

Life of this patent

Estimating the term…

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Abstract

A casino credit access instrument comprises a source of funds for a player, such as for placing wagers to play casino-style games or to purchase other goods or services. The instrument defines a period of timed during which credit may be accessed up to a predetermined amount, defines a redemption period during which any accessed credit may be re-paid, and defines settlement terms if the instrument is not redeemed. Credit may be granted based upon financial collateral, which collateral may be executed upon to settle the instrument. The instrument provides a convenient source of funding for player at low risk to the casino or other lender.

Claims1

Dependent claims

A method of providing casino credit to a player comprising the steps of:

accepting an application for credit from a player, said application including information identifying said player and information regarding at least one element of financial collateral;
processing said application comprising determining if at least one qualifying criteria for issuance of a casino credit access instrument has been met;
if so, issuing said casino credit access instrument, said casino credit access instrument defining a maximum credit limit, a credit access period, redemption terms and settlement terms;
providing credit upon request by said player during said credit access period up to said maximum credit limit;
permitting said player to redeem all or part of any credit accessed during said credit access period based upon said redemption terms;
and
if said player does not redeem all of said accessed credit, settling said casino credit access instrument based upon said settlement terms.

4 more elements

Dependencies are inferred from the claim text.

Facts

Application: 16/436,198Filed 10 Jun 2019
Priority: 17 May 2012
Published: 26 Sep 2019
Term ends: Not estimatedThe source records don’t support an estimate.

Classification2 codes

G07F 17/3244
For games, toys, sports, or amusements: payment aspects of a gaming system, e.g. payment schemes, setting payout ratio, bonus or consolation prizes
G07F
Coin-freed or like apparatus

Family

Application13/473,895Continuation · filed 17 May 2012
Application15/073,806Continuation · filed 18 Mar 2016
Application15/875,566Continuation · filed 19 Jan 2018
Application16/436,198Continuation
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US 2019/0295373 A1This patent

From the US filing history. Foreign family members aren’t listed.

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