Patent ID: 8025216

Claim:
A method in a computer system for executing a checkless cash advance settlement at a gaming machine, comprising: (a) initiating a point of sale cash advance transaction via the gaming machine with a credit or debit card, (b) authorizing the point of sale cash advance transaction; (c) providing customer identification and a credit or debit card to an attendant, wherein the customer identification contains personal information; (d) electronically capturing the customer identification containing personal information; (e) validating the customer identification and the credit/debit card presented to the attendant; (f) completing the transaction upon validation of the customer identification, including dispensing cash requested in the debit or credit point of sale cash advance transaction to a customer; (g) presenting a transaction receipt to the customer, wherein the transaction receipt is a non-negotiable instrument providing proof of cash dispersal; (h) obtaining a customer signature on the transaction receipt to confirm the point of sale cash advance transaction; (i) storing the transaction receipt, wherein the transaction receipt is scanned and stored electronically; and (j) recording information about the point of sale cash advance transaction, including recording an electronic image of the transaction receipt on a central server; and (k) generating an automated clearing house file containing all the point of sale cash advance transactions completed for a predetermined specified settlement period and electronically transmitting the automated clearing house file to a designated financial institution for processing and successive posting of deposits.