Passport Technology Canada Installs First Locations in Canada Delivering the World's Most Advanced and Secure Cash Services Technology

TORONTO, Oct. 4, 2018 /PRNewswire/ -- CashValet®'s and POSpod™ technology delivers rich and dynamic feature functionality now installed in Canada providing operators tools to better manage Anti-Money Laundering (AML) requirements, responsible gambling initiatives, evolving privacy regulations while setting new benchmarks in performance.

The PCI DSS Level 1 - P2PE certified solution and cloud-based application stands alone in casino payments providing the highest level of security while providing operators custom modules to proactively manage their business in real time. Together with CashValet®, Passport Technology's patented ActiveData RT® analytics software provides never before available feature functionality addressing dynamic pricing, security, responsible gambling initiatives, KYC regulations and loyalty programs. 

Passport Technology is excited to introduce the industries first fully functional, smart and P2PE certified cashier terminal POSpod™ SE as part of the POSpod™ family of Point of Interaction (POI) devices. The SE terminal resides conveniently at the cashier's desk and provides patrons and the operator the same user experience and feature functionality of the larger self-service POI devices located throughout the casino. The addition of POSpod™ SE along with CE and ME, provides operators with a variety of unique form factors and POI's to best accommodate their environment while providing a consistent and rich patron experience. 

"Together with our Canadian partners—and based on our successful experience in the United Kingdom and Europe—we are deploying solutions delivering immediate operational, financial and social impacts to Canadian operators," states Kurt Sullivan, Chief Operating Officer. "We are excited to establish CashValet®, POSpod ™, ActiveData RT® and our soon to be launched ATM Drive™ solution as new industry standards."

"We're absolutely delighted to see our Canadian designed product suite installed and live with one of Canada's leading casino operator and eager to complete dozens of installs from East to West including ACM-OWL™,  gaming's most advanced ATM platform," states Scott Dowty, Chairman. "This is a true homecoming for Passport Technology and a great example of Canadian innovation and perseverance."

Passport Technology launched services in the United Kingdom in February 2017 and has established itself as the industry leader in the UK and Europe steadily taking market share from competitors and creating new market opportunities. Since launch, Passport Technology has processed more than $200,000,000 USD, available in over thirty casinos, spanning two continents and six countries. 

About Passport Technology Inc.

Passport Technology Inc. is a leading developer of technology-based products and services for the highly regulated payments, gaming, and financial services markets. The company's international portfolio includes attended payment kiosks, cash access systems, server and web-based analytic technology, agnostic application management systems and interactive content and services.

For more information, please visit passporttechnology.com.

Contact:

Corbin Dowty, Investor Relations
Passport Technology Inc.
Corbin@passporttechnology.com

Related Links

Passport Technology Website

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SOURCE Passport Technology