Aristocrat Leisure has filed a patent for a quarantine wallet that allows funds to be set aside for a specific period. The system includes a mobile terminal that can determine if it is within a predefined area and enable or disable transfers of funds accordingly. This technology aims to provide users with control over their funds based on their location. GlobalData’s report on Aristocrat Leisure gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Aristocrat Leisure, Cashless payment settlement was a key innovation area identified from patents. Aristocrat Leisure's grant share as of September 2023 was 48%. Grant share is based on the ratio of number of grants to total number of patents.
The patent filed is for a quarantine wallet for funds
A recently filed patent (Publication Number: US20230316859A1) describes a system that enables the transfer of funds from an external account to a mobile terminal's wallet based on the location of the terminal. The system includes a mobile terminal with one or more displays, processors, and memory devices. The memory devices store computer-executable instructions that allow the processors to determine whether the mobile terminal is within a predefined area by detecting or not detecting radio frequency beacon identifiers associated with that area.
When the mobile terminal is outside of the predefined area, the system enables transfers of funds from the external account to the wallet managed by the mobile terminal. However, when the mobile terminal is inside the predefined area, transfers of funds from the external account to the wallet are disabled. This feature ensures that funds can only be transferred to the mobile terminal's wallet when it is in a specific location.
The patent also mentions that the external account can be a user bank account. Additionally, the wallet managed by the mobile terminal can be a gaming wallet. In this case, the computer-executable instructions further enable transfers of funds from the gaming wallet to a gaming device when the mobile terminal is inside the predefined area. This suggests that the system may have applications in the gaming industry, allowing users to transfer funds from their gaming wallet to a gaming device when they are in a specific location.
Furthermore, the patent describes a method that aligns with the system's functionality. The method involves determining the mobile terminal's location based on the detection or non-detection of radio frequency beacon identifiers. It enables transfers of funds from the external account to the mobile terminal's wallet when the terminal is outside the predefined area, and disables transfers when the terminal is inside the area.
Overall, this patent presents a system and method for controlling fund transfers based on the location of a mobile terminal. It offers potential applications in various industries, including gaming, and ensures that funds can only be transferred to the terminal's wallet when it is in a specific area.
To know more about GlobalData’s detailed insights on Aristocrat Leisure, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
