Shift4 Payments, a provider of integrated payment processing solutions, has confirmed that it will be the preferred payments provider for online gaming and sports betting platform BetMGM.
In a statement, the firm said it will power online gaming and sports betting transactions through BetMGM’s website and mobile application, using the company’s end-to-end processing technology.
Shift4’s payment platform features PCI-validated point-to-point encryption and advanced tokenization technology to deliver a secure, integrated payment solution.
CEO Jared Isaacman explained: “We are excited to provide our seamless and secure payment solution to BetMGM and their customers. Shift4 already processes payments for half the casinos on the Las Vegas strip and across the country, and this partnership with BetMGM will enable us to leverage that expertise as we move aggressively into online gaming and sports betting markets.”
Maria Tomlinson, Head of Payments at BetMGM, commented: “Shift4’s end-to-end solution will deliver a superior payment experience for our customers, with a streamlined transaction experience and enhanced security. The company’s technology, capabilities, security, and service made it an easy decision to partner with them.”