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Global Payments Paves the Way for Payments Modernization with Two Red Ribbon Patents

by Global Payments Gaming Team / August 12, 2021

The need for modernized payment offerings in casinos shifted from a luxury to a necessity due to increasing consumer expectations and the COVID-19 global pandemic. In 2020, Global Payments leveraged its existing technology within VIP Mobility™ and VIP Financial Center™ to help casinos meet the evolving needs of patrons.

VIP Mobility and VIP Financial Center enable casinos to offer a superior guest experience with the flexibility to meet the preferences of patrons who use cash, as well as those who prefer a cashless experience. Recently, Global Payments received two Red Ribbon patents for VIP Mobility and VIP Financial Center, which has changed the way patrons fund their play. Andrew Schwartz, Vice President of Engineering and Product Development, of Global Payments Gaming Solutions answered a few of the most common questions about the recent patents.

What are the benefits of having a Red Ribbon patent?
The patents, which are named after the Red Ribbon seals on the official certificates, will prevent others from using, selling, or importing an invention without the inventor’s consent. Global Payments’ Red Ribbon patents will prevent theft or copying of VIP Mobility and VIP Financial Center and will ensure they remain unique to Global Payments for years to come.

What are the requirements for obtaining a patent?
To be granted a patent, an invention must be statutory, new, useful, and non-obvious. As an industry leader, Global Payments recognized the need for cashless, contactless technology on the casino floor and quickly worked to file patents for this technology.

How will the Red Ribbon patents differentiate Global Payments from its competitors?
The Red Ribbon patents for VIP Mobility and VIP Financial Center establish the solutions as industry leading and industry changing for casino operators and patrons alike. Global Payments’ VIP Mobility is the industry’s first mobile solution that enables a true cashless experience from funding through cash-out. Additionally, VIP Mobility interoperates with VIP Financial Center, the industry’s first full-service solution providing convenient self-service TITO tickets, bill breaking, e-check, ATM and cash advance capabilities to casino guests that prefer to use cash. The patents will further prove that VIP Mobility and VIP Financial Center are the most advanced technologies in cashless, contactless solutions.

Do you have any plans for future patents?
As an industry leader, Global Payments is always looking for ways to improve patrons’ gaming experiences, as well as streamline casinos’ internal operations. Global Payments will continue to invest time and resources in developing technology to improve the industry’s cashless, contactless gaming options. As those developments become viable, actionable applications, this will lead Global Payments to file more patents to protect its newly developed properties.

VIP Mobility and VIP Financial Center’s Red Ribbon patents are a testament to the commitment Global Payments has made in developing technology to advance cashless, contactless gaming. To learn more, visit our Resource Center.

Tags: mobile gaming cashless gaming security

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