GBank Financial Holdings Inc, the parent company for Bank of George (the “Bank”), is pleased to share the press release by BankCard Services, LLC (“BCS”), a Technology Company that enables Financial Institutions to participate in cashless gaming, announcing that on April 1, 2022, BCS received its Notice of Allowance from the United States Patent and Trademark Office for the patent application of BCS’s PIMSTM proprietary bank solution. A Pooled Player Account (“PPA”) Powered by PIMSTM provides individual ledger account management for a Gaming Operators customer.
The full press release from BankCard Services, LLC, can be found here:
BankCard Services LLC Patent Application Allowed by the US Patent and Trademark Office
Through its contract with BankCard Services, LLC, Bank of George has been providing the banking solutions for Sightline Payments since 2016.
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About BankCard Services, LLC
BankCard Services, LLC, was formed in 2014 and entered into an Agreement with Sightline Payments to provide a BCS Sponsor Bank to issue a Discover Prepaid Reloadable Card to empower Sightline’s Play+ cashless solution for the gaming industry. BCS entered into an agreement with Bank of George, in Nevada, as the Sightline Sponsor Bank. To date, the Sightline / BCS / Bank partnership services over 600,000 accounts with over $1.5 billion in transactions.
BCS and the Bank, a subsidiary of GBank, also launched the Oregon State Lottery online sports wagering program with SB Tech, World Pay (FIS) and Sightline Payments in 2018 with the development of BankCard Services, LLC’s proprietary Pooled Player Account (“PPA”) Powered by PIMSTM”. PIMSTM expanded the PPA structure with FDIC-insured individual player ledger accounts that enable digital cashless transactions.
BCS recently announced its contract with Wagr as the latest cashless gaming client utilizing BCS’s Pooled Player Account Powered by PIMSTM at Bank of George.
The Company
GBank Financial Holdings Inc. (“GBank” or the “Company”) (GBFH), a bank holding company with approximately $618 million in assets at December 31, 2021, conducts business through its wholly owned subsidiary, Bank of George (named in honor of George Washington). Founded in 2007,