Were Off to the Races, With Instant Payout of Winnings on HPIbet

Players now have the option to have their winnings paid out instantly to their bank account.
TORONTO--(BUSINESS WIRE)--Ahead of the Belmont Stakes on June 11^th, Woodbine Entertainment is partnering with AptPay and NRT to offer instant payouts for their guest experience. For both online through HPIbet.com and land-based environments, players are demanding a faster and simpler way to get access to their winnings; without sacrificing safety and security.

This service, branded as “Apt-Send,” will be available to all land-based and online HPIbet.com players from June 7^th allowing players to withdraw funds directly to their bank account in near real-time 24/7/365. “Delivering unique cashless experiences to players both online and at land-based locations is a priority for NRT as we lead the industry towards transformative digital gaming experiences,” Said Michael Dominelli, President at NRT Technologies.

“HPIbet.com top priority is protecting our customers data and their transactions. Measuring our customer feedback and through our research, we know the importance our customers place on having easy access to their winnings is paramount. The Apt-Send solution was exactly what we were looking for. Giving HPIbet.com customers a frictionless withdrawal experience to deposit their winnings into their bank account in real time, is a huge win. We are thrilled to be the first platform in the gaming industry to launch this groundbreaking product,” Said Kevin Maharaj, Director of Digital Strategy at Woodbine Entertainment.

AptPay, a processor for real time payouts, is partnering with WEG, NRT, and the leading networks to enable casinos and online gaming sites to instantly disburse winnings directly into the bank accounts of players, or to an instantly issued prepaid card. AptPay is PCI-compliant and amongst payment processing, they also have a complete Know Your Customer (KYC), Anti-Money laundering (AML) check with post-secondary transaction monitoring, which allows an operator to leverage the AptPay service to pay out funds within seconds rather than hours or days.

Shams Syed, CEO of AptPay stated, “Providing customers access to their funds instantly has always been top of mind for any business in any industry. The gaming industry is no different, but it is scrutinized even further with tighter regulatory mandates and requirements around AML rules. AptPay has not only made it simpler to disburse funds in the gaming space but with multi-level validation it protects operators and players alike.”

According to livecasinodirect, the fastest transaction can be processed within 48 hours or two business days, while there are casinos where their customers wait for the money to be transferred for up to 8 or a dozen business days. Of course, most players would choose a website that offers faster and safer transfers than, for example, waiting for days for a minimal amount of money to be transferred. HPIbet.com players can now receive payouts safely and instantly to their bank accounts and within minutes.

Ramesh Jayakrishnan, Vice President, Product Development at Mastercard added, "Mastercard is delighted to partner with AptPay to enable near-real-time disbursements in Canada. This is another great example of a partnership to deliver real-time payments with certainty, giving customers a choice on how they want to receive payments."

Here's another intresting article on Understanding Financial Technology

About AptPay (https://www.aptpay.com)

AptPay is a fintech processor based out of Toronto. The AptPay Hub powers payment services for businesses across a network of connected financial institutions and integrated payment rails. AptPay provides services for the growing payout needs of a broad range of industries, today and into the future. A one-stop platform where payouts are made to customers seamlessly, without friction, safe and in real time.

About NRT (https://www.nrttech.com)

NRT Technology Corp is a global technology leader in the design and development of next generation enterprise payment systems, specialized self-serve financial/marketing kiosks, digital table game platforms, big data analytics utilizing artificial intelligence and gamification, credit marker information services, and digital and mobile experiences to casinos, lotteries, banks, retailers, telcos and utility companies and ATM operators around the globe. Through our global family of companies, we enable more than 2 billion physical and digital commerce experiences annually.

About Woodbine Entertainment Group and HPIbet.com (https://www.hpibet.com)

Woodbine Entertainment is the largest horse racing operator in Canada offering world-class horse racing at both Woodbine (Toronto) and Woodbine Mohawk Park (Milton) racetracks. Woodbine Entertainment also operates off-track wagering through its Champions tele theatre network, which includes WEGZ Stadium Bar in Vaughan and Greenwood in the Beach area of Toronto. Remote wagering is also available to customers through HPIbet.com, the company’s phone, internet, and mobile account wagering service.

Contacts

For more information:
Communications: Cassandra French c.french@aptpay.com
Sales and Enquiries: sales@aptpay.com

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