Passport Technology has launched CashValet and POSpod, an advanced quasi-cash payment platform purpose-built for the gaming and hospitality industries, in the UK and Europe.
CashValet is cloud-based application purpose-built for regulated international gaming jurisdictions. It enables operators to customise the solution in real time with flexible parameters for corporate hierarchy and independent locations.
The platform also allows operators to tailor the transaction cycle based on their unique requirements through web portals and POSpod attended kiosk.
Together, the POSpod attended kiosk and CashValet software provides operators a low-maintenance, feature-rich solution running Sagepay P2PE (Point-to-Point Encryption) PCI DSS Level 1 certified proprietary software on Verifone vx820 terminals, the company said.
Cash Valet's Sterling and Euro-based currency solution is built on Microsoft Azure Cloud and Window 10 Enterprise software along with Sage Pay P2PE tokenization and Microsoft database encryption.
The company added that user’s data and card numbers are never transmitted or stored in the clear.
Passport Technology COO Kurt Sullivan said: "Together with our 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.
"Combined with our deep understanding of the marketplace and commitment to forward development, we are excited to establish CashValet® and POSpod™ as the new industry benchmark. We listened to our customers, and our feature set is a direct result of such meaningful collaboration."
Simultaneously, Passport Technology also announced opening of its office in London.