Technology Allows Capture Of Driver'sLicense For Cash

October 17, 2005, 1:00 a.m. EDT 1 Min Read

MINNEAPOLIS - (10/17/05) -- Cash Systems, Inc., a provider ofcash services for casinos, said it has been granted a U.S. Patentfor new technology that captures and transfers data from a driver'slicense to complete a credit card advance in under 60 seconds. Thecompany plans to market the new technology to its casino customers.The technology will allow tellers to swipe a driver's license andautomatically input the data into a database in real time,significantly expediting the credit card advanceprocess.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Earnings

Huntington dials up its forecast after strong third quarter

Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.

By John Reosti

October 17
Industry News

Flagstar's shareholders approve plan to dissolve holding company

Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.

By Editorial Staff

October 17
Earnings

Ally beats expectations despite auto industry tumult

In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.

By Nathan Place

October 17
Originations

Cornerstone Capital to acquire another Texas bank

Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.

By Brad Finkelstein

October 17
Credit quality

'Cockroaches' or 'isolated events'? Banks face credit nerves

Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.

By Catherine Leffert

October 17
Cyber security

US seizes $15 billion in huge bust of cybercriminal group

Coordinated sanctions target two networks behind so-called pig butchering scams, human trafficking and money laundering for North Korean cybercrime groups.

By Carter Pape

October 17