Passport Technology recently announced the introduction of CashValet and POSpod, the world's most powerful quasi-cash delivery platform purpose-built for the highly advanced and regulated gaming industry in Canada. CashValet's technology stack delivers rich and dynamic feature functionality providing operators tools to better manage anti-money laundering (AML) requirements, responsible gambling initiatives, evolving privacy regulations while setting new benchmarks in performance.

CashValet is purpose-built for highly regulated international gaming jurisdictions where the ability to approve authorizations and dispense cash is just one key element. The CashValet cloud-based application enables operators to customize the solution in real time with flexible parameters for corporate hierarchy and independent locations. Operators can simply and smartly customize the transaction cycle based on their unique requirements through the industry's finest user interfaces, web portals and POSpod points of interaction.

"Together with our Canadian partners, and in consultation with many constituents, we developed a solution delivering immediate operational, financial and social impacts to the operators and communities we serve," states Kurt Sullivan, chief operating officer. "Combined with our rich history in the Canadian marketplace and commitment to forward development, we are excited to establish CashValet and POSpod as the new industry benchmark."

Combined, POSpod and CashValet  provide operators a low-maintenance, feature-rich solution running P2PE (Point-to-Point Encryption) PCI DSS Level 1 certified proprietary software. Cash Valet's before on Microsoft Azure Cloud and Window 10 Enterprise software along with P2PE tokenization and Microsoft database encryption. Patron data and card numbers are never transmitted or stored in the clear. 

"We're delighted to see the Canadian designed Cash Valet and POSpod product suite receiving so much interest from operators around the globe," said Scott Dowty, chairman. "Our move to Canada is especially exciting as a majority of our shareholders including myself are embedded in communities across Western Canada and Ontario. This is a true homecoming for Passport Technology and a great example of Canadian innovation and perseverance."

For more information, visit passporttechnology.com.