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Passport Technology Inc. Completes Rigorous UAT and Signs Multiple Operators in the United Kingdom

LONDON, April 25, 2017 /PRNewswire/ -- Passport Technology Inc. today announced the completion of an extensive twelve-week UAT cycle, signing of multiple Operators in the United Kingdom and significant investments in payments infrastructure. "From day one, Passport Technology set the standard high from a product development, user experience and execution standpoint and the results of UAT testing and partner demonstrations have exceeded all expectations," states Kurt Sullivan, President & Chief Operating Officer. "We took the approach of including partners, regulatory authorities and perspective customers in the development process and we could not be more pleased with the results and their response."

Passport Technology's CashValet® is purpose-built for highly regulated international gaming jurisdictions where the ability to approve authorizations and dispense cash is just one key element. The CashValet® P2PE and cloud-based application enables operators to customize the solution in real time providing feature rich security, compliance and problem gambling solutions. It also allows operators to simply and smartly tailor the transaction cycle based on their unique requirements through the industry's finest user interfaces, web portals and POSpod™ attended kiosk.

"We're delighted to see Cash Valet® and POSpod™ receiving so much interest from Operators with installations already underway throughout the United Kingdom. We look forward to developing valuable long term partnerships while always seeking to evolve and improve our solutions," states Helen Bowditch, Vice President of International Development.

About Passport Technology Inc.

Passport Technology Inc. is a leading developer of technology-based products and services for worldwide payments, gaming and financial services markets. The company's international portfolio includes attended payment kiosks, cash access systems, server and web-based analytic technology, and interactive content and services.

For more information, please visit passporttechnology.com.

Helen Bowditch
Passport Technology Inc.

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