Arriva Card Now Offers Instant Underwriting of Credit at Casinos.Casinos Can Arrange for up to $20,000 of Credit to Responsible Gaming Customers on the Spot - at no Risk to the Casino Casinos Themselves no Longer Need to Extend House Credit to Selected Customers; Less Work for Casinos, and Turnaround Time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time. is Reduced from Several Hours to Just Minutes LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Arriva Card (www.arrivacard.com), the first credit card specifically for use in casinos, now offers Instant Underwriting of Credit. With this new capability, casino credit desks, cages, hosts and other personnel can arrange for Arriva cards to be issued instantly for customers seeking credit to play. The casino completes the application for the customer through Arriva's online proprietary scoring engine, and within minutes, the customer, if approved, gets an Arriva card with up to $20,000 of credit. The customer has immediate access to the full credit line at the casino. "We understand the difficulties and risks for casinos in extending house credit. Arriva has the capability and access to a database of millions of casino patrons to help with a big part of this business. We can take applications and instantly provide Arriva cards to qualified responsible gaming customers on the spot - with no credit risk to the casino. Importantly, the customer can use it right away, whereas extending house credit often takes several hours. In effect, Arriva helps deliver money to the customer - and casino floor - faster," said Todd Smith, vice president for card services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card. at Global Cash Access, Inc. (NYSE NYSE See: New York Stock Exchange : GCA GCA, ground-controlled approach: see instrument-landing system. ), parent of Arriva Card, Inc. Casinos are responding enthusiastically to the Instant Credit service, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mr. Smith. After just 3 weeks of introduction more than 23 casinos are taking advantage of this new program including well recognized names like Atlantic City Hilton Atlantic City Hilton was first built by Steve Wynn in 1980 and named Golden Nugget Atlantic City. It was the first in Atlantic City to be built from the ground up as a luxury casino hotel, rather than being a renovation of an old non-gaming Atlantic City Hotel. ; The Borgata Borgata Hotel Casino & Spa is a hotel, casino, and spa in Atlantic City, New Jersey owned by Marina District Development Corporation, LLC. The name means "little village" in Italian. The Borgata was built to bring high rollers back to Atlantic City. At a cost of $1. ; Trump Taj Mahal; Casino Morongo; Sycuan Resort and Casino; Caesars Atlantic City Caesars Atlantic City is a hotel and casino, located in Atlantic City, New Jersey, USA. Like Caesars Palace in Las Vegas, it has an ancient Roman theme. Atlantic City's second casino, it opened in 1979 as the Caesars Boardwalk Regency Hotel Casino. The 124,720 sq. ft. , and Las Vegas Hilton The Las Vegas Hilton is a hotel, casino, and convention center in Las Vegas, Nevada. It is a joint venture between Colony Capital, which owns 60 percent, and New York City-based REIT Whitehall Street Real Estate Funds, which owns the remaining 40 percent. . "We're delighted to be providing a great new alternative for casino guests, while at the same time helping casinos reduce management overhead and risk when it comes to house credit," Mr. Smith said. About Arriva Card Arriva cards give responsible gaming patrons with strong credit and in-casino cash advance histories more access to cash - and at better terms - than they'd typically have with traditional credit cards. Introduced this summer to seasoned casino customers with prime credit ratings and track records of responsible use of cash advances in casinos, Arriva has met with significant demand. With just a few weeks in the marketplace and only limited marketing outreach, transactions have exceeded $5 million. "Traditional credit cards penalize pe·nal·ize tr.v. pe·nal·ized, pe·nal·iz·ing, pe·nal·iz·es 1. To subject to a penalty, especially for infringement of a law or official regulation. See Synonyms at punish. 2. customers for cash advances - even if those cash advances occur within a casino. We know that in-casino cash advances are entertainment purchases, like that of a theater ticket, fine dining experience or hotel room, and not sheer loans, like other cash advances often are. Accordingly, we reward customers for using Arriva; we don't penalize them," said Mr. Smith. Most credit cards charge higher rates for cash advances than they charge for retail purchases; begin charging interest immediately after the transaction (as opposed to giving a grace period like with retail purchases); don't give reward points for cash advances; restrict cash advances to only a portion of the credit line; and generally don't apply monthly payments against cash advance transactions until the retail purchase balance is paid off. Arriva takes a different approach. Arriva Card: * Offers a true grace period on cash advances. * Gives reward points for cash advances - unlike typical credit cards. * Allows cash advances of the entire Arriva Card credit line. * Charges lower fees and interest rates on cash advances than many credit cards. Arriva Card is a product of Arriva Card, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Global Cash Access Holdings, Inc. (NYSE: GCA). CIT n. 1. A citizen; an inhabitant of a city; a pert townsman; - used contemptuously. Which past endurance sting the tender cit. - Emerson. Bank is the issuer of the card, and Arriva Card, Inc. is the administrator and servicer of Arriva Card accounts. The Arriva Card can be used in the 800-plus casino locations in the U.S. and Caribbean that are GCA customers. About Global Cash Access Holdings, Inc. Las Vegas-based Global Cash Access, Inc. (GCA), a wholly-owned subsidiary of Global Cash Access Holdings, Inc. (NYSE: GCA), is a leading provider of cash access products and related services to approximately 1060 gaming properties and other clients in the United States, Continental Europe, the United Kingdom, Canada and the Caribbean. GCA's products and services provide gaming establishment patrons access to cash through a variety of methods, including ATM cash withdrawals, point-of-sale debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. transactions, credit card cash advances, check verification and warranty services and Western Union money transfers. GCA provides products and services that improve credit decision-making, automate cashier operations and enhance patron marketing activities for gaming establishments. With its proprietary database of gaming patron credit history and transaction data on millions of gaming patrons worldwide, GCA is recognized for successfully developing and deploying technological innovations that increase client profitability, operational efficiency and customer loyalty. For more information, or to arrange a conversation with Todd Smith, GCA's Vice President for Card Services, please contact Adria Greenberg, Sommerfield Communications, Inc., at (212)-255-8386 or adria@sommerfield.com |
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