LAS VEGAS – Marker Trax, LLC, a Las Vegas-based specialty financial services company, today announced a long-term agreement with global financial technology and payments solutions provider Euronet Worldwide, Inc. under which Euronet will license its REN payment platform to Marker Trax for use in the corporate cloud environment to provide transaction processing and other core functionality for the unique Marker Trax digital casino marker solution for the industry world of the game.
Marker Trax, a one-of-a-kind patented cashless alternative to traditional casino markers (casino credit) is at the forefront of the gaming industry’s movement towards a cashless environment. In addition to a hands-on play now / pay later experience for the player, the Marker Trax solution provides casinos with all the tools required to manage their casino marker subscription and refunds in a fully compliant manner. .
Casino customers who were previously several hours to several days late while waiting for a traditional marker advance approval, can now apply through the convenient Marker Trax mobile app and, if approved, access their Trax marker advance over their favorite machine in minutes.
A solution designed to meet the highest standards of regulatory governance in gaming and consumer finance, Marker Trax is a revolutionary innovation in 21st century gaming. The patented Marker Trax solution offers casino operators the ability to offer players markers ranging from $ 100 to $ 1,000 for their most valuable customers.
REN’s selection to power Marker Trax’s global deployment came after a comprehensive assessment of software and SaaS options. âWe chose Euronet and REN on the basis of superior technology and overall cultural fit,â said Gary Ellis, CEO of Marker Trax. Mr Ellis added: âWhile Euronet has provided the security of dealing with a well established and very successful publicly traded company, it has been able to demonstrate the skill, flexibility and desire to adapt to challenges. and the opportunities of a new vertical market.
âWhen we researched new verticals to apply REN, the gaming industry was high on our list as long as we could identify an innovator who saw the same disruptive opportunity,â said Kevin Caponecchi, Executive Vice President and CEO of epay, Software and EFT Asia-Pacific Division. “With Marker Trax, we have found the perfect partner to break into a new industry and REN’s flexibility fits perfectly into their plans to expand the product offering over time as casinos move towards the cashless game. “
About Marker Trax
Marker Trax is a digital cashless alternative to a casino marker. The product is the first of its kind to offer regulatory compliant casino marker technology that eliminates the inefficiency of issuing advances and provides casinos with the tools to manage their casino credit underwriting and refunds. . Marker Trax has become a major contributor to the cashless movement within North American casino operations. Developed and patented by company founder Gary Ellis in 2018, Marker Trax provides a more efficient gaming experience for players and casino operators. The Marker Trax system allows players to be graded and have access to their markers in minutes. Marker Trax integrates with casino management systems, allowing easy start-up and player tracking. More information about Marker Trax can be found on the company’s website at www.markertrax.com.
About Euronet Worldwide, Inc.
Euronet Worldwide, Inc. is an industry leader in the processing of secure electronic financial transactions. The Company provides payment and transaction processing solutions to financial institutions, retailers, service providers and individuals. These services include full ATM, point-of-sale and card outsourcing services, card issuance and merchant acquisition services, software solutions, consumer-to-consumer money transfer services. and business-to-business in cash and online, and electronic distribution of digital media. and prepaid mobile phone time.
Euronet’s global payments network is extensive – comprising 46,246 ATMs, approximately 375,000 EFT payment terminals and a growing portfolio of outsourced debit and credit card services which are managed in 61 countries; card software solutions; a prepaid processing network of approximately 748,000 point-of-sale terminals in approximately 333,000 retail locations in 60 countries; and a global money transfer network of approximately 490,000 locations serving 160 countries. With its headquarters in Leawood, Kansas, United States, and 66 offices around the world, Euronet serves clients in approximately 175 countries. For more information, please visit the Company’s website at www.euronetworldwide.com.