PayNearMe Enhances Cardless Cash Access to iGaming Firms Through NCR Atleos’ API Platform

Rhea-AI Summary

NCR Atleos Corporation announces that PayNearMe will add Atleos' API-based technology to the Cardless Cash at ATM feature in PayNearMe's MoneyLine platform.

Positive

• PayNearMe's clients will be able to offer players the ability to withdraw cash from their account at thousands of ATMs at convenient retail locations.
• This will enhance the user experience and attract more players by giving them the option to withdraw their winnings from conveniently located ATMs.

Negative

• None.

ATLANTA--(BUSINESS WIRE)-- NCR Atleos Corporation (NYSE: NATL) (“Atleos”), a leader in facilitating banks and retailers to deliver best-in-class self-service banking experiences for consumers, today announced that PayNearMe, the payments company designed to manage the complexities of iGaming and sports betting, will add Atleos’ API-based technology to the Cardless Cash at ATM feature in PayNearMe’s MoneyLine^TM platform.

Nine of the 10 largest online gaming operators and 16 of the top 17 largest online casinos in the U.S. leverage PayNearMe’s technology. By enhancing the company’s Cardless Cash at ATM solution with Atleos’ API-based solution, PayNearMe will enable their clients to offer players the ability to withdraw cash from their account at thousands of ATMs at convenient retail locations with a simple, secure code delivered through their iGaming and online sports betting applications.

“Atleos’ cardless cash access API eliminates the friction points associated with traditional methods of accessing cash from a gaming app, making it easier than ever before for our customers and their players to receive their winnings in cash,” said John Minor, Chief Product Officer at PayNearMe. “With Atleos’ innovative technology and expansive nationwide footprint of ATMs, our clients can provide the option for players to easily access their winnings from the convenience and safety of stores they’re already frequenting.”

“Cash remains an integral part of the player experience. With a scaled physical infrastructure powered by our unique API offering, PayNearMe is enabling their clients to enhance the user experience and attract more players by giving them the option to withdraw their winnings from thousands of conveniently located ATMs across the country,” explained Stuart Mackinnon, Chief Operating Officer, Atleos. “This relationship will help drive foot traffic to partner merchants with supported ATMs in a scalable, self-service manner.”

About Atleos

Atleos (NYSE: NATL) is a leader in facilitating banks and retailers to deliver best-in-class self-service banking experiences for consumers. Atleos helps customers expand their reach, provide greater financial access for customers and reduce operational complexity through industry-leading technologies, unmatched global services capabilities, the largest surcharge-free network and expertise in running ATM networks. Atleos is headquartered in Atlanta, Georgia, with 20,000 employees globally.

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About PayNearMe

PayNearMe provides the MoneyLine Platform to simplify end-to-end money movement for iGaming and sports betting operators. The company delivers the most reliable payment experience across key touchpoints with players, including cashiering, deposits, payouts, cash at cage, engagements and more. With one platform and one integration for key deposit and payout types, operators can reduce costs, get to market faster and make the entire payment experience seamless for their players. PayNearMe has been servicing the iGaming market since 2013 and is currently active in 24 regulated gaming markets in the U.S. To learn more about PayNearMe, please visit www.paynearme.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231023372692/en/

Scott Sykes

NCR Atleos

scott.sykes@ncratleos.com

Source: NCR Atleos Corporation

FAQ

What is the partnership between NCR Atleos Corporation and PayNearMe?

NCR Atleos Corporation announced that PayNearMe will add Atleos' API-based technology to the Cardless Cash at ATM feature in PayNearMe's MoneyLine platform.

What does the partnership enable PayNearMe's clients to do?

The partnership enables PayNearMe's clients to offer players the ability to withdraw cash from their account at thousands of ATMs at convenient retail locations.

How will this partnership enhance the user experience?

This partnership will enhance the user experience by giving players the option to withdraw their winnings from conveniently located ATMs.

What are the benefits of this partnership for PayNearMe's clients?

The partnership allows PayNearMe's clients to attract more players and drive foot traffic to partner merchants with supported ATMs in a scalable, self-service manner.