System and method for redeeming cashless gaming tickets to bank accounts via multi-function atm

A system for redeeming a cashless gaming ticket, the system comprising:

• a gaming machine that presents one or more games to a user, the gaming machine being configured to issue a cashless gaming ticket to the user, the cashless gaming ticket comprising a encoded data including a unique identifier and having associated monetary value;
• a ticket redemption system communicatively coupled with the gaming machine, the ticket redemption system including a ticket database of unique identifiers and associated monetary values and configured to validate tickets;
• a multi-function ATM comprising at least one display, a ticket reading device and a card reading device, said ATM configured to transmit a ticket validation request to said ticket redemption system in response to presentation of the cashless gaming ticket by said user and to transmit a request to transfer said monetary value associated with said cashless gaming ticket to a bank card account associated with a bank card presented to said ATM by said user;
• and
• a financial server, said financial server configured to receive the request to transfer monetary value from said ATM, to transmit to a first bank a request for said monetary value less a transaction fee to be credited to said bank card account of said user at a second bank, said request including information regarding said bank card account for use by said first bank in creating and transmitting to a financial network a second request to credit said monetary value to said bank card account of said user, to receive confirmation that the credit is applied to the bank card account, and when said confirmation is received, to cause said ATM to indicate to said user that the credit was successfully applied to the bank card account.

A system for redeeming cashless gaming tickets comprising:

• a multi-function ATM comprising at least one display, a ticket reading device and a card reading device, said ATM configured to transmit a ticket validation request to a ticket redemption system in response to presentation of a cashless gaming ticket to said ATM by a user, said cashless gaming ticket having associated monetary value, and when said cashless gaming ticket is validated and said ATM has received a request by said user to transfer said monetary value to a bank card account associated with a bank card, to read said bank card and transmit a first request to transfer said monetary value associated with said cashless gaming ticket to said bank card account;
• and
• a financial server, said financial server configured to receive the request to transfer monetary value from said ATM, to transmit to a first bank a request for said monetary value less a transaction fee to be credited to said bank card account of said user at a second bank, said request including information regarding said bank card account for use by said first bank in creating and transmitting to a financial network a second request to credit said monetary value to said bank card account of said user, to receive confirmation that the credit is applied to the bank card account, and when said confirmation is received, to cause said ATM to indicate to said user that the credit was successfully applied to the bank card account.