ATLANTA, Aug. 26, 2010 /PRNewswire-FirstCall/ -- Global Payments Inc. (NYSE: GPN), a leader in both payment processing and gaming cash access services, today announced agreements to provide six casinos with its VIP LightSpeed® cash access products. The casinos have signed contracts to utilize various LightSpeed products including VIP Preferred® check-cashing services, PlayerCash @dvantage® credit and debit card cash advance services, and ATM Cash @dvantage® electronic check transactions at the ATM.
Global Payments will provide gaming services to Coeur D'Alene Casino Resort Hotel in Worley, Idaho and to the Lucky Eagle Casino in Rochester, Washington. Global Payments' services in California will be provided to Cache Creek Casino Resort in Brooks, Sycuan Casino & Resort in El Cajon, Lucky Chances Casino in Colma, and Blue Lake Casino & Hotel in Blue Lake.
Already a leader in the gaming industry, Global Payments continues to improve its position in the cash access services market with the announcement of these new relationships. "We are very excited to partner with these gaming establishments and to provide our suite of products through our technology-leading software. As product performance levels continue to deliver outstanding results to our customers, we are able to continue expanding the market share of our LightSpeed products nationwide," said Senior Vice President of Global Payments Gaming Services, Dean DeCristoforo.
VIP LightSpeed is an Internet-accessible, PC-based platform that provides cash access services for paper and electronic check cashing, ATM check cashing, and credit and debit card cash advances. In addition to reducing the risk associated with check-cashing and cash advance services through the provision of high speed processing of cash access transactions, VIP LightSpeed provides a full spectrum of management and Title 31 reporting tools.
Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Europe, and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit www.globalpaymentsinc.com for more information about the company and its services.
Contact: Phyllis McNeill
SOURCE Global Payments Inc.