GBank Financial Holdings Inc. (“GBank” or the “Company”) (OTCQX: GBFH), 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, welcoming Wagr as a new cashless gaming client of BCS and the Bank of George Gaming FinTech Division.
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The full press release from BankCard Services, LLC can be found here:
BankCard Services LLC and Bank of George are Pleased to Welcome Wagr as a New Cashless Gaming Client
Through its contract with BankCard Services, LLC, Bank of George has been providing the banking solutions for Sightline Payments since 2016.
About Wagr
Wagr is a new app that allows sports fans to challenge anyone in their community to a friendly sports bet. Founders Mario Malavé and Eliana Eskinazi created Wagr in April 2020 out of a mutual love for sports and friendly competition. Wagr’s mission is to reinvent sports betting into a fun, social, and inclusive experience designed for all sports fans, not just gamblers.
About BankCard Services, LLC
BankCard Services, LLC entered into an agreement with Sightline Payments in 2014 to provide Bank of George as a sponsor bank to enable Sightlines Play+ cashless solutions for the gaming industry. Today, the Sightline/BankCard Services, LLC/Bank of George partnership services over 700,000 accounts at Bank of George with over $1.1 billion in transactions since the Play+ sports betting launch in Nevada.
BankCard Services, LLC and Bank of George, a subsidiary of GBank Financial Holdings Inc (GBFH), 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 “Player Information Management System (PIMS)”. PIMS created the Pooled Player Account structure to enable digital cashless transactions.