Even as the business world hurtles toward cashless electronic payment solutions, the gaming industry still finds value in cash handling products that can quickly and accurately process large and small amounts of traditional currency, whether on the front of slot machines or in the back office counting rooms.
It’s no secret why these products still have a home at gaming properties throughout the world—casino gaming still remains very much a cash-oriented practice for most patrons. That said, cash handling suppliers still look to integrate the latest technologies to make transaction systems more efficient, customer-friendly and secure. So please read on to discover the cash handling vendors that have made a product or system splash over the past year and bear watching into 2020.
Mt. Prospect, Ill.-based Cummins Allison is the leading innovator and provider of currency, ticket and check handling solutions, as well as full-function ATMs. The company’s sales and service network includes hundreds of local representatives in more than 50 offices in North America, six wholly-owned subsidiaries and is represented in more than 70 countries around the world.
The company’s calling card within the casino industry has been its JetScan sorter technology, and it has made great strides over the past year with its latest product in this line—the JetScan MPX 8200 multi-pocket currency and ticket sorter. According to company press materials, the JetScan MPX 8200 multipocket cash and ticket sorter is the company’s most advanced high-volume sorter, offering customers improved productivity with 30 percent more throughput than prior generations. Faster processing speed for mixed cash and TITO tickets, combined with innovative system design, maximizes throughput and productivity. It can also strap and face all six denominations in a single pass. Lower initial and recurring costs create a lower total cost of ownership and deliver unmatched value.
The JetScan MPX 8200 also delivers the following benefits to casino’s soft count rooms:
- Processes mixed currency and tickets at 1,200 items per minute;
- Increases uptime due to fewer jams, faster resolution and new mechanical designs;
- Reduces no-calls thanks to advanced scanning technology;
- Intuitive, more informative GUI; and
- The only multi-pocket sorter that processes mixed cash and tickets, plus scans each ticket, minimizing post-processing storage needs.
New six-strapper functionality allows properties to reduce post-processing work from rejects and increase efficiency in soft count rooms. This offers customers an unprecedented blend of high productivity and excellent value.
“Ticket imaging is another unique element of the new JetScan MPX 8200,” said Frank Janezic, executive vice president, Cummins Allison. “Many casinos see the value in imaging tickets and quickly discarding them rather than incurring the expenses of handling and unnecessary storage fees. This provides properties with savings that can increase profits.
“In addition, our entire JetScan iFX currency counter product line has been built to accommodate future currency upgrades,” Janezic added. “JetScan iFX products also incorporate the latest advanced counterfeit detection hardware and software, such as optical ultraviolet (UV), infrared (IR) and fluorescence sensors and magnetic sensors which are capable of examining the full width of the note.”
Expect more new product news from Cummins Allison going forward, since the company continues to prioritize innovation and has a large team of engineers that are persistently looking to develop the next breakthrough, while enhancing current products to offer more features or make them more durable or efficient. “We are focused on delivering cash handling solutions that are faster, easier to use and more efficient—and offer ‘future ready’ features such as IoT capabilities, improved interfaces, advanced counterfeit detection and the ability to accommodate future currency upgrades or bill redesigns,” Janezic said.
Hamden, Conn.-based TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including restaurant solutions, POS automation, casino and gaming, lottery, and oil and gas. TransAct has sold over 3.3 million printers and terminals around the world and is committed to providing world-class service, spare parts and accessories to support its installed product base.
TransAct made the news earlier this summer when it announced that the new Encore Boston Harbor in Everett, Mass., opened with the company’s Epic Edge and Epic 950 ticket-in/ticket-out (TITO) printers installed in all of the property’s more than 3,150 gaming machines, with more than 60 percent of the installed Epic printers represented by TransAct’s next-generation Epic Edge.
“In 2005, the iconic Wynn Las Vegas was the first casino property worldwide to select the now industry-leading Epic 950 printer for all of their electronic gaming machines as the gaming industry began to adopt TITO as the standard for cash handling on the casino floor,” said Bart C. Shuldman, chairman and CEO of TransAct Technologies, in a prepared statement. “Now, nearly 15 years later, we are delighted that Wynn Resorts is again entrusting all of their electronic gaming machine printing needs at the spectacular new Encore Boston Harbor to our industry-leading product portfolio.”
According to press materials, TransAct’s next-generation Epic Edge is the new choice in TITO printers, with its 300-dpi print resolution delivering an over two-fold improvement in image quality over current industry options. The Epic Edge’s high-resolution capabilities allow it to create razor-sharp images, text and barcodes, resulting in better ticket acceptance, reduced attendant calls and measurable casino floor performance improvements. Epic Edge’s eye-catching, dynamic graphic images also make it ideal for implementation alongside Epicentral. Additional highlights include firmware updates via a full speed USB 2.0 connection or directly via a micro SD card, a single rugged outer chassis with color-coded rails, numerous port options (serial, USB and Netplex), hot swap capability to eliminate game downtime, a faster ServerPort connection and an adjustable ticket bucket that accommodates standard and smaller, paper-saving tickets.
“TransAct has been a trusted supplier to Wynn Resorts in Las Vegas and Macau for more than 14 years and we are delighted to continue our relationship with one of the industry’s iconic operators as they inaugurate the world’s next new casino and entertainment destination in Boston,” Shuldman said. “We believe our Epic printers will help set Encore Boston Harbor apart and assist the Wynn Resorts team to create for their customers an unsurpassed experience.”
Paysafe Group is a leading global provider of end-to-end payment solutions. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, card issuing and online cash solutions. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments.
With over 20 years of online payment experience, an annualized transactional volume of over $85 billion, and approximately 3,000 employees located in 12 global locations, Paysafe connects businesses and consumers across 200 payment types in over 40 currencies around the world.
This past year saw Paysafe partner with PokerStars, the world’s largest poker company and the flagship poker brand of The Stars Group, to roll out Paysafe’s Rapid Transfer payment solution in 10 European countries. Registered customers of the online poker site in these countries now have the option to use Rapid Transfer to make deposits using their online banking details, according to a press release.
Rapid Transfer allows consumers to make online payments instantly from their bank account, without leaving an operator or merchant’s website. Users receive instant confirmation of payment and benefit from a smooth user journey thanks to the familiarity of using their online banking credentials.
Many view PokerStars as the home of online poker. It has dealt more than 200 billion hands, hosted billions of tournaments, and runs some of the most prestigious online series in the world including the World Championship of Online Poker and the Spring Championship of Online Poker. Its services are designed to provide safe and regulated online poker games for its global community of millions of registered customers.
PokerStars’ implementation of Rapid Transfer extends its deployment of deposit methods from Paysafe, which already include its market-leading digital payment solutions Skrill, NETELLER and prepaid method, paysafecard.
“PokerStars’ position as a market leader is reflected across everything they do,” said Lorenzo Pellegrino, CEO of Skrill, NETELLER and Income Access at Paysafe. “We are delighted to be supporting them to ensure this quality service for players spans across the deposit methods they offer, via Rapid Transfer in addition to Skrill, NETELLER and paysafecard.”