• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

IGT extends banking deal via Global Payments for IGTPay

Feb 17, 2021 Newsdesk Industry Talk, Latest News, World  


IGT extends banking deal via Global Payments for IGTPay

International Game Technology Plc (IGT), a provider of casino-floor technology and online game content, says it has extended by a minimum of five years, the group’s deal with an outside commercial partner to continue use of an automated clearing house system to make bank-funds transfers via IGTPay.

The arrangement is in order to “provide players with digital access to funds for cashless wagering,” said a Tuesday press release from IGT.

IGT mentioned in a previous announcement its growing focus on cashless technology for land-based as well as online play, as part of its response to the challenges wrought to the casino industry by the Covid-19 pandemic.

The latest deal is through an IGT subsidiary, IGT Global Solutions Corp, made with Global Payments Gaming Solutions, a division of Global Payments Inc.

It ensures players have “secure access to bank accounts for online, mobile, and land-based cashless gaming.”

According to the announcement, once a player registers with Global Payments’ “VIP Preferred” service via IGTPay, they can transfer funds digitally between their bank account and cashless wagering account in a single step, without having to enter their information for each transaction.

“Players are more likely to embrace cashless technology when the experience is simple, convenient, and offers a wide range of funding sources, including direct, secure access to their bank accounts,” said Ryan Reddy, IGT vice president for video lottery terminal, systems and payments products, in prepared remarks contained in Tuesday’s release.

IGT’s relationship with Global Payments began in 2016 as a digital-funding transfer method for IGT’s iLottery products.

In 2018 IGT and the outside partner began working through IGTPay, for the gaming brand’s digital PlayLottery offering and has since expanded the collaboration across IGT’s digital services.

IGTPay is now also available for land-based cashless gaming through IGT’s Resort Wallet range of products. The latter is part of the IGT Advantage casino management system.

“More than 3.5 million patrons” across relevant businesses “rely on Global Payments’ VIP Preferred for simple, secure, and responsible play,” said Christopher Justice, president for Global Payments Gaming Solutions, as quoted in Tuesday’s release.

The Global Payments group, said to process approximately US$5 billion in transactions each year, provides the IGTPay platform access to three other types of player funding aside from a bank account. The other routes are: credit card, debit card, and e-wallet.


  • tweet
Related articles
  • IGT floor system, slots for newcomer Cebu casino NUSTAR
    IGT floor system, slots for newcomer...

    May 12, 2022  

  • IGT 1Q revenue slightly up y-o-y, on higher gaming sales
    IGT 1Q revenue slightly up y-o-y, on...

    May 11, 2022  

More news
  • Kangwon drove 2021 S.Korea casino revenue growth: govt
    Kangwon drove 2021 S.Korea casino...

    May 18, 2022  

  • Over 7.9mln Bloomberry shares vested to some senior execs
    Over 7.9mln Bloomberry shares vested to...

    May 18, 2022  


Latest News

Kangwon drove 2021 S.Korea casino revenue growth: govt

Kangwon drove 2021 S.Korea casino revenue growth: govt

May 18, 2022  

Gambling revenue in South Korea’s casino market for full-year 2021, rose by 13.3 percent year-on-year, to KRW1.18 trillion (US$931.0 million), from KRW1.04 trillion in 2020, according to data from...
Read More
Over 7.9mln Bloomberry shares vested to some senior execs

Over 7.9mln Bloomberry shares vested to some senior execs

May 18, 2022  

Light & Wonder sets US1.4bln AEBITDA target for 2025

Light & Wonder sets US1.4bln AEBITDA target for 2025

May 18, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$10 billion

Target set by gaming equipment and online content provider Light & Wonder for total capital creation from 2022 to 2025



Most Popular

  • Wynn CEO, Macau execs in base pay cut in return for sharesWynn CEO, Macau execs in base pay cut in return for shares May 17, 2022
  • Macau repeat visitors denied visa by China says BernsteinMacau repeat visitors denied visa by China says Bernstein May 16, 2022
  • Macau GGR tax cut may spur 15pct EBITDA hike: JP MorganMacau GGR tax cut may spur 15pct EBITDA hike: JP Morgan May 16, 2022
  • Macau mulls GGR tax cut if casinos attract foreign playersMacau mulls GGR tax cut if casinos attract foreign players May 13, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us