Gaming & Lottery
Wave Crest Customized Pay-In and Pay-Out Applications
"Pay-Out" Applications
Player winnings can be placed on to a Payment and Rewards card account. The card is either "instantly issued" at a merchant or casino location at the time of the win, or the player can enroll online at the casino or gaming website. Player information is captured at the time of issuance through the terminal or web interface applications that the operator provides. Instant issue and virtual cards can be replaced with permanent personalized cards based on the type of games, participation frequency, and any regulatory requirements. Players can accumulate monetary winnings on the card account, as well as loyalty rewards "points."
"Pay-In" Applications
Why should the player keep his or her winnings on the card, in addition to the loyalty points? The "pay-in" applications make the card a convenient, simple and secure way to pay for gaming as well as take advantage of the special offers and rewards that the gaming operator provides. The player can
- » Spend the balances on the card for "open loop" payment system purchases of goods and services wherever Visa or MasterCard is accepted
- » Use the card for additional wagers
- » Spend the balances on the card for "closed loop" and therefore specially priced purchases within operator and affiliate stores, restaurants, hotels and entertainment venues
- » Redeem the reward points for special vouchers, coupons and offers and
- » Track their winnings, balances and card use -- all in one place.
Wave Crest provides the proprietary technology for these hybrid "open-loop" and "closed-loop/loyalty" consumer card applications. In addition, Wave Crest has developed the point of transaction software that enables the operator to recognize the card, transmit the winning credits to the player's account, charge the player for gaming, and debit the account accurately for "closed-loop" purchases or reward point redemptions. Because higher value players often play cross-border in multiple currencies, programs and accounts can be designed to accommodate multi-currency payments-in and payments-out, and multi-lingual servicing is also available. This comprehensive payments offering enables gaming and lottery operators and their clients to create deeper and more profitable relationships with their customers on a worldwide basis.