ALEXANDRIA, Va., Feb. 11 -- United States Patent no. 12,548,075, issued on Feb. 10.
"Instant issue debit vehicle in a casino environment" was invented by Craig K. Potts (Scottsdale, Ariz.) and Richard Beer (Prior Lake, Minn.).
According to the abstract* released by the U.S. Patent & Trademark Office: "To provide funding mechanisms and alternatives for users while at gaming institutions, a coordinated communication system and mechanism allows for interaction with a virtual bank. This coordination will allow users to potentially request additional credit, or additional fund advances as desired or necessary. Because this request is being carried or handled by a virtual bank, nearly instantaneous credit decisions can be made using existing me...