WaveCrest and GTECH Honored with the Emerging Payments Award for Electronic Lottery Payment Solution
FARNBOROUGH, England and FT. LAUDERDALE, Fla., Nov. 3, 2014 – WaveCrest Group Limited and GTECH Corporation won the Best Global Corporate/Government Prepaid Program award for their electronic lottery payment solution at the Emerging Payments Awards, which took place in London on October 23.
WaveCrest, a multi-currency digital payments platform that offers full-service, global solutions, collaborated with GTECH, a leading operator and provider of technology in the regulated worldwide gaming markets, to deliver this innovative solution to a number of GTECH’s lottery customers in the U.S.
“WaveCrest’s electronic lottery payment solution increases player loyalty, reduces costs and streamlines lottery transactions,” said Miles Paschini, WaveCrest group president. “We are pleased to accept this award and are proud to share this honor with our partners at GTECH.”
Jaymin Patel, GTECH Americas’ President and CEO, added, “For the first time in the history of the U.S. lottery industry, we are processing ‘cashless’ transactions at retail locations. In addition, the card helps establish a direct relationship between the lotteries and their players. This, combined with advances in the interactive channel, signal the start of a new era for our industry.”
WaveCrest is the program manager and non-financial Discover card issuer for the electronic lottery payment solution to GTECH. The program is recognized for its unique user experience and success with lottery retailers and lottery players. With the increasing success of this program in the U.S., WaveCrest is working closely with GTECH to expand to other lottery customers worldwide.
An extension of the Prepaid Awards, the Emerging Payments Awards has recognized top quality payment people and programs since 2006 in the UK, France, Canada, India and South Africa.
WaveCrest provides award-winning digital payment solutions to corporations and governments worldwide. Programs include business-to-business payouts, employee, student and taxpayer disbursements, mobile wallets, prepaid cards, lottery payments, pre-defined and custom offerings. WaveCrest Holdings Limited in Europe is a regulated e-money issuer and a principal member of MasterCard and Visa EU. WaveCrest Payment Services of the Americas, Inc. is a FinCEN-registered prepaid access provider, and an issuer of Discover Network prepaid cards. Visit us at www.WaveCrest.gi
About GTECH Corporation
GTECH S.p.A. is a leading commercial operator and provider of technology in the regulated worldwide gaming markets, delivering best-in-class products and services, with a commitment to the highest levels of integrity, responsibility, and shareholder value creation. The Company is listed on the FTSE MIB at the Italian Stock Exchange under the trading symbol “GTK” and is majority owned by De Agostini S.p.A. In 2013, GTECH had approximately €3.1 billion in revenues and 8,600 employees with operations in approximately 100 countries on six continents. For more information, please visit www.gtech.com
You can also read this article on https://www.cnbc.com/id/102144969