LAS VEGAS, NEVADA — (Marketwired) — 09/26/14 — In recognition of reducing fraud and increasing transactional security for its customers in the U.S., NRT Technology (NRT) has taken a leadership position on EMV (“chip-card”) payment solutions in North America. NRT is the first payment processor in the gaming industry to go live with this technology in a production environment at Ellis Island Casino in Las Vegas, Nevada.
“We are committed to our customers– success and by producing the most advanced and secure financial services platform, we are able to align ourselves with our customers– objectives,” said John Dominelli, President and CEO of NRT. “Being the first provider to go live with EMV technology is a strong testament to the commitment and focus we have at NRT.”
By leveraging NRT payments and cash-to-floor technologies, its customers can take advantage of the industry–s most advanced and secure cash assess solution which connects casinos to all financial institutions, giving casino guests instant access to ATM, credit card cash advance, POS Debit, Dynamic Currency Conversion, Express Ticket and Check Cashing Services at the cage and kiosk, all in one fully integrated package.
What is EMV?
EMV – which stands for Europay, MasterCard® and Visa® – is a technical standard designed to ensure that microchip- embedded payment cards are compatible with the terminals of merchants who accept them. Chip-embedded payment cards are nearly impossible to duplicate, and when combined with additional layers of security – such as encryption, tokenization and other strong authentication techniques – EMV significantly reduces opportunities for card payment fraud.
“This is very complex technology. Implementing EMV from end to end is something NRT has a wealth of experience with. Our objective was to be the first provider up and running with this technology and we have done just that,” said Michael Dominelli, Vice President of NRT. “Now that we are live with this technology, I encourage our industry to migrate to an experienced EMV processor like NRT before the liability shift takes place.”
About NRT Technology Corp.
NRT Technology Corp. (NRT) provides the most innovative payment processing, cash handling and cash management products, services and solutions in the casino industry. NRT–s world-class payment processing (cash access) solution connects to all financial institutions, giving your casino guests instant access to ATM, credit card cash advance, POS Debit, Dynamic Currency Conversion and Check Cashing Services at the cage and kiosk, all in one fully integrated package. NRT also provides turnkey applications for jackpot redemption and ticket redemption, as well as other cash handling related applications. Our products are used around the globe by casinos, lotteries and retailers. Visit .
Contacts:
NRT Technology Corp.
Michael J Dominelli
VP, Marketing & Product
416.646-5232 x. 4248
416-646-5242 (FAX)
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