- Nuvei Corporation (NVEI) has partnered with Hard Rock Digital to provide payment services for its Hard Rock Sportsbook mobile app
- The launch of Hard Rock Sportsbook platform will allow players to instantly deposit funds to their gaming wallet from their bank account using Nuvei’s Instant Bank Transfer technology
- Players can also withdraw funds directly to their bank account in real-time
- Nuvei Corporation is a provider of payment technology solutions to merchants and partners
- Nuvei Corporation (NVEI) was up 2.26 per cent, trading at C$59.26 per share as of 12:15 pm ET
Nuvei Corporation (NVEI) has partnered with Hard Rock Digital to provide payment services for its Hard Rock Sportsbook mobile app.
The launch of Hard Rock Sportsbook platform will allow players in Arizona, Virginia and states to be able to instantly deposit funds to their gaming wallet from their bank account using Nuvei’s Instant Bank Transfer technology.
Players can also withdraw funds directly to their bank account in real-time 24/7 thanks to Nuvei’s integration with The Clearing House’s Real Time Payments network. With Nuvei Instant Bank Transfer, players receive their funds into their account easily and quicker than any other deposit method.
Industry research confirms that payout times are one of the most important factors players consider when comparing operators. It confirms that players are not prepared to wait 24 hours or longer for their winnings to be accessible. However, with the help of Nuvei’s Instant Withdrawals through the RTP network, Hard Rock Sportsbook customers can now receive payouts safely and immediately to their bank accounts.
Matt Primeaux, Executive Managing Director and President of Hard Rock Digital commented on the announcement.
“Hard Rock Sportsbook is building the best product in the market with an engaging, entertaining and frictionless experience for the sports betting player and being able to provide instant access to funds is fundamental.”
Philip Fayer, Chair and CEO of Nuvei Corporation also provided his views on the news.
“We know players want to be able to deposit and access funds from their gaming account immediately when they request a withdrawal, which is why we were first to market last year offering players instant payouts via the Real Time Payments network. Enabling Hard Rock Sportsbook to offer instant deposits and payouts is just another example of why Nuvei is the leading payments technology partner for the iGaming industry in the U.S.”
The Real Time Payments network is currently accessible to financial institutions that hold 75% of U.S. demand deposit accounts (DDAs). The network currently reaches 61% of U.S. DDAs.
At present, 70% of instant bank transfer payouts processed by Nuvei are executed via an instant payment on the RTP network. This number is purely limited by the players’ bank accounts not being connected to the RTP network. Any payout requests that cannot be processed through the RTP network are automatically re-routed through the traditional Automated Clearing House (ACH) system as a fall-back option.
Nuvei Corporation is a provider of payment technology solutions to merchants and partners. Designed to accelerate customers’ business, Nuvei’s modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services.
Nuvei Corporation (NVEI) was up 2.26 per cent, trading at C$59.26 per share as of 12:15 pm ET.
