International Game Technology had four patents in regtech during Q2 2024. The patents filed by International Game Technology Plc in Q2 2024 focus on systems and methods for enabling automatic fund transfers between gaming establishment accounts and external accounts accessed through payment instruments like debit cards. This technology allows for seamless and convenient transactions within the gaming ecosystem. GlobalData’s report on International Game Technology gives a 360-degree view of the company including its patenting strategy. Buy the report here.
International Game Technology had no grants in regtech as a theme in Q2 2024.
Recent Patents
Application: System and method for providing a gaming establishment account automatic access to funds (Patent ID: US20240212444A1)
The patent filed by International Game Technology Plc describes a system that facilitates the automatic transfer of funds from a gaming establishment account to an external account in anticipation of certain events, such as the conclusion of a trip to a gaming establishment. The system is designed to modify the balance of the gaming establishment account based on the transferred funds, which can be associated with various types of accounts within the gaming establishment.
Furthermore, the system also includes provisions for the availability of funds in association with a line of credit based on anticipated fund transfer events and anticipated use times of the funds requested to be transferred from external accounts. These events trigger the availability of funds at specific points in time, allowing for seamless financial transactions within the gaming establishment environment. The system also allows for modifications to the balance of the gaming establishment account based on the line of credit, ensuring financial management before the anticipated use time of the funds.
To know more about GlobalData’s detailed insights on International Game Technology, buy the report here.
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