John Parsons
Light & Wonder Taps Trustly to Power Cashless Payments at Casinos
Trustly, the global leader in Open Banking Payments, and Light & Wonder, the leading cross-platform global games company, are bringing cashless, in-person deposits to casino floors with Light & Wonder’s cashless solution, RAPIDPLAY. Building on Trustly’s success with guaranteed payments in online sports betting and iGaming, Trustly will deliver the same seamless, quick, and secure online payment experience to the physical casino floor.
“Light & Wonder stands at the forefront of the global gaming industry, crafting unparalleled gaming experiences across its diverse divisions. The introduction of RAPIDPLAY, leveraging our In-Person Payments feature of Trustly Pay marks a pivotal innovation for direct funding of games from player bank accounts via personal devices. We are proud to collaborate with Light & Wonder to deliver quick and secure instant payments on the casino floor,” John Parsons, VP of Gaming at Trustly Inc, said.
Cashless, in-person payments powered by Open Banking will enable instant deposits for players without the need for a payment card, player card, sign-up, or app download. The in-person payments feature of Trustly Pay can also be paired with Trustly ID, a powerful identity solution that supports comprehensive AML compliance by leveraging bank-grade KYC information. Together, these solutions can streamline player identification, transaction authorization, and KYC verification – and it all happens quickly and securely in less than 10 seconds.
Additionally, casino operators will see operational efficiency increase with less cash on the casino floor while players will be able to deposit funds to slot meters in seconds directly from their bank accounts using the technology that they already trust – their online banking login on their personal devices.
“Trustly is the leader in Online Banking Payments with a proven track record in online sports betting and we’re proud to work with them to power our cashless solution on casino floors. Cashless is the future of in-person gaming, and we’re proud to pioneer the solutions that continue to drive innovation,” Jon Wolfe, President of Global Systems and Services at Light & Wonder, said.
Trustly, the global leader in Open Banking Payments, partners with PointsBet, a premier global online gaming operator, to offer its players Instant Payouts in the US, powered by Cross River.
In partnership with Cross River Bank, a financial services and technology infrastructure provider that offers embedded financial solutions, Trustly’s technology platform will allow PointsBet to provide players with instant withdrawals of winnings into their bank accounts wherever sports betting is available.
Trustly’s optimized UI, effortless configurability, and turnkey payout logic make Instant Payouts the preferred real-time payment method for merchants and players alike. This innovation is facilitated by Trustly’s relationship with Cross River, an early participant in the RTP network built by The Clearing House. PointsBet, by using Trustly Instant Payouts, can fund payments directly with Cross River, which will send RTP payments on behalf of PointsBet to their players’ bank accounts.
For players making bets on the PointsBet platform, Trustly Instant Payouts will expedite the payout process, allowing them to access winnings instantaneously. By offering 24/7/365, immediate access to winnings, Trustly Instant Payouts builds player confidence, satisfaction, and loyalty.
John Parsons, Vice President of Gaming at Trustly, said: “We are thrilled to partner with PointsBet to offer Trustly Instant Payouts. This product, made possible by our collaboration with Cross River, will help facilitate a delightfully seamless payout experience for sports bettors nationwide.”
“PointsBet is always looking for innovative ways to deliver our customers a best-in-class betting experience. We have recently enhanced our platform with the addition of new Lightning Bet markets for the NFL, solidifying our stance as the home of live betting. Now we’re doing it again by offering our clients instant payout options. We’re excited to partner with Trustly and Cross River as we continue to redefine the sports betting landscape,” Mark Hughes, Chief Product Officer at PointsBet USA, said.
“Cross River partners with some of the most innovative companies that provide consumers with the cutting-edge financial solutions they need and want. Our partnership with Trustly enables just that, solving a pain point in this vertical for a long time. Fueled by Cross River’s participation in the RTP network, consumers can now receive instant payouts and immediate access to their winnings,” said Adam Goller, EVP, Head of Fintech Banking at Cross River.
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