Sightline Payments on Thursday said it has selected JP Morgan Payments as the primary merchant acquirer and payments processor for Sightline’s Play+ ecosystem.
The company said Play+ enables consumers to spend their funds with more than 80 partners in some 40 states across the sports betting, lottery, racing, and online and brick-and-mortar casino markets.
Sightline said it plans to work with JP Morgan Payments as it develops products and services that solve payments challenges for casino operators and consumers.
The two parties said routing Play+ transactions through JP Morgan Payments will benefit both merchants and Play+ accountholders, providing consumers with faster cash outs.
Sightline noted its Play+ solution has enabled consumers to interact with gaming operators since 2012. The company said Play+ currently has more than 1.5 million accountholders nationally, providing them with a variety of funding options and fast access to their funds.
In 2021, Sightline launched cashless gaming offerings at casinos in Nevada, Indiana, Ohio and Pennsylvania. Visitors to these casinos can use their Play+ accounts to fund their activities on and off the casino floor without ever having to get cash.
“We are thrilled to select JP Morgan Payments to help us enhance the regulated North American gaming industry’s payments experience,” Omer Sattar, Sightline Co-CEO, said in a statement. “We are at a critical point in the gaming industry’s payments ecosystem. JP Morgan Payments will help us solve some of the biggest payments challenges our industry faces and provide real solutions to the millions of consumers who enjoy the modern, omnichannel gaming experience.”
Drew Soinski, Managing Director and Senior Payments Executive, JP Morgan Payments, added: “At JP Morgan Payments, we have seen tremendous growth of digital payments in the gaming industry and we are excited that Sightline has selected our products and services for Play+ payments processing.”
