System, device and method for paperless wagering and payment of winnings
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Apr 19, 2016
Grant Date -
May 2, 2013
app pub date -
Nov 15, 2012
filing date -
Oct 13, 2008
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A transaction card facilitates typical consumer transactions as well as transactions related to lottery offerings and can incorporate a reader terminal to associate lottery tickets with the transaction instrument. New gaming opportunities tied to the instrument are also facilitated, including a personalized guaranteed prize structure, a personalized and/or localized jackpot and an opportunity for winning additional prizes when making purchases using the instrument. The system according to one embodiment of the present invention provides at least a lottery data processing system for communicating a first funding amount to be applied to a multi-purpose transaction card based on winnings from a lottery offering, and a reader terminal for reading at least a portion of the transaction card, reading indicia on one or more gaming tickets, and associating the one or more gaming tickets with the transaction card. In one embodiment of the present invention, a custodian not associated with the winner or cardholder can derive non-transaction related earnings on the winnings without providing a fee to the cardholder.
First Claim
Family
International Classification(s)
- [Classification Symbol]
- [Patents Count]
Cited Art Landscape
Patent Citation Ranking
Recipient Email Address
Recipient Email Address
Comment
Recipient Email Address
Add to Portfolio(s)
To add this patent to one, or more, of your portfolios, simply click the add button.
This Patent is in these Portfolios:
Add to additional portfolios:
Last Refreshed On:
Changes done successfully