Money Centers of America, Inc., a Pennsylvania-based supplier of ATMs and cash-access services, has announced five new contracts to install equipment and provide cash-access services to casinos.

The services, which include "OnSwitch, the company's proprietary software solution that enables casinos to process their own transactions, are being provided to casino properties in Oklahoma, Minnesota, New Mexico and North Carolina.

Money Centers' solution and multiple-deployment alternatives allow casino operators to individually determine and manage the gradual migration of third-party cash access services to an in-house solution over time, a method designed to increase profits from cash access.

"The operating environment for the casino industry went from high growth and expansion to a severe recession," said Christopher Wolfington, chairman and CEO of Moncey Centers. "In those high-growth years, our clients focused solely on growing top-line revenue, while outsourcing other major services. Now, they are looking for internal and external solutions that create efficiencies and, ultimately, cut significant costs. Money Centers of America and the OnSwitch system does just that.

"Innovation, such as in-house transaction processing that produces measurable results, compelling economics, and seamless integration will continue to be in high demand amid the current gaming environment."

By Staff