Mastercard, AptPay and NRT Technology introduce instant payout solution at G2E

Payment processor AptPay announced Friday a new partnership with NRT Technology and Mastercard to create smartSEND, which enables casinos and online gaming sites to instantly disburse winnings into bank accounts, prepaid cards or mobile wallets for guests and players. It will be officially launched at G2E on October 5. 

SmartSEND will become available to all land-based and online casinos in North America via NRT Technology. The solution uses Mastercard Send, a global push payments platform that enables funds to be sent securely and in near real-time into any payment card or account. 

“As the digitization of the gambling industry accelerates, largely enabled by mobile and online gambling, customers at land-based sites are seeking services that are personalized and offer maximum efficiency. smartSEND is designed to address these needs and provide a better and more enhanced entertainment experience to customers”, the company said in an official statement.

The AptPay platform has enabled NRT Technology to offer clients a seamless, one-stop instant payout service across touchpoints, both for in-person and online environments.

According to Accenture, nearly 420 billion transactions worth $7 trillion may shift from cash to cards and digital payments by 2023. With this rapid shift to digital, businesses are looking to speed up the process for disbursing funds to the end customer. 

In an official press release, President of AptPay Suganthan Vishnu Krisnarajah said: “In an ever-evolving payment ecosystem the end goal has always been to make payments faster and more secure, AptPay has been able to do both with our direct connection to the networks. We have combined the approach of a Fintech and a Regtech, where compliance is key in protecting both consumers and businesses alike”.

“With the AptPay solution, not only do we provide real-time disbursements, but we also rigorously monitor transactions and keep bad actors out of the flow. The key difference between our system and that of traditional disbursements is that our service is available 24/7/365 including evening and weekends”, he noted. 

Michael Dominelli, President of NRT added: "This is one of several key strategic initiatives for NRT. Expanding our payments eco-system is front of mind as we work to continually improve the guest experience revolving around payments and information intelligence. Our smartSEND solution is integrated into various casino touchpoints within the customer journey and removes the friction traditionally associated with paying out winnings by enabling instant and easy payouts.”