20 July 2018
Visit www.gemalto.com

Sky takes a punt on real-time payments

04 January 2018  |  10581 views  |  1 Online Shopping

Sky Betting and Gaming has partnered with Barclays to offer customers a service that will immediately pay out money to their debit cards when withdrawing winnings.

The 'Fast Withdrawals' payment system, developed in partnership with Vocalink, is an innovation in the betting sector, where gamblers currently have to wait up to five days to pocket their winnings.

Sky Betting's head of payments, Andy Sacre, says: "Slow withdrawal times is a key painpoint for our customers and always ranks highly on industry research on what matters most to customers.”

Vocalink chief Paul Stoddart, says the system meets a consumer demand for immediate payments capability across all of their transactional interactions.

“Consumers have been making payments in real-time for years, so why shouldn’t they receive credits to their account in real-time too?" he asks. "Our Real-Time Credit solution which powers Fast Withdrawals, ensures money is returned to consumers securely and instantly.”

Comments: (1)

Robin Setty
Robin Setty - ACI Worldwide (EMEA) Limited - Watford 05 January, 2018, 09:38

" immediately pay out money to their debit cards"?  Surely you mean "immediately pay out money to their accounts"?

Be the first to give this comment the thumbs up 0 thumb ups!
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Digital receipt startup Flux scores game-changing deal with Barclays

Digital receipt startup Flux scores game-changing deal with Barclays

13 November 2017  |  14954 views  |  6 comments | 22 tweets | 37 linkedin
Mastercard gets CMA approval for Vocalink acquisition

Mastercard gets CMA approval for Vocalink acquisition

11 April 2017  |  8855 views  |  1 comments | 10 tweets | 22 linkedin
Barclays promises faster biz loans via mobile app

Barclays promises faster biz loans via mobile app

05 January 2017  |  8931 views  |  0 comments | 14 tweets | 13 linkedin
VocaLink lands real-time payments deal with The Clearing House; Early Warning buys clearXchange

VocaLink lands real-time payments deal with The Clearing House; Early Warning buys clearXchange

26 October 2015  |  9525 views  |  0 comments | 10 tweets | 18 linkedin
Thailand signs instant mobile payments deal with VocaLink

Thailand signs instant mobile payments deal with VocaLink

12 October 2015  |  12349 views  |  0 comments | 14 tweets | 10 linkedin
Singapore taps VocaLink for faster payments

Singapore taps VocaLink for faster payments

08 May 2014  |  12043 views  |  2 comments | 12 tweets | 14 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit http://go.jumio.com/finextraAdVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12234 views comments | 5 tweets | 7 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
10105 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9821 views comments | 6 tweets | 15 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
9589 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9379 views 19 comments | 14 tweets | 30 linkedin

Featured job

Find your next job