US Patent Issued to Everi Payments on Jan. 28 for "Casino cage cashout system with integrated chip validation and transaction record generation" (Nevada Inventors)

ALEXANDRIA, Va., Jan. 29 -- United States Patent no. 12,211,347, issued on Jan. 28, was assigned to Everi Payments Inc. (Las Vegas).

"Casino cage cashout system with integrated chip validation and transaction record generation" was invented by Adam Fong (Las Vegas), Suresh Narayanan (Las Vegas) and Marcie Arai (Las Vegas).

According to the abstract* released by the U.S. Patent & Trademark Office: "A casino cage cashout system includes integrated chip validation and transaction record generation. The system includes an interface to a chip reader. An output of the chip reader is used to generate chip information, including chip value, such as for causing an automated cash dispenser to dispense cash in an amount equal to the value of the chi...