The need for modernized payment offerings in casinos shifted from a luxury to a necessity due to increasing consumer expectations and the COVID-19 global pandemic. In 2020, Pavilion Payments leveraged its existing technology within VIP Mobility™ and VIP Financial Center™ to help casinos meet the evolving needs of patrons.
VIP Mobility and VIP Financial Center enable casinos to offer a superior guest experience with the flexibility to meet the preferences of patrons who use cash and those who prefer a cashless experience. Recently, Pavilion Payments received two Red Ribbon patents for VIP Mobility and VIP Financial Center, changing how patrons fund their play. Andrew Schwartz, Vice President of Engineering and Product Development of Pavilion Payments, answered a few of the most common questions about the recent patents.
What are the benefits of having a Red Ribbon patent?
The patents, named after the Red Ribbon seals on the official certificates, will prevent others from using, selling, or importing an invention without the inventor's consent. Pavilion Payments' Red Ribbon patents will prevent theft or copying of VIP Mobility and VIP Financial Center and will ensure they remain unique to Pavilion Payments for the future.
What are the requirements for obtaining a patent?
To be granted a patent, an invention must be statutory, new, functional, and non-obvious. As an industry leader, Pavilion Payments recognized the need for cashless, contactless technology on the casino floor and quickly worked to file patents for this technology.
How will the Red Ribbon patents differentiate Pavilion Payments from its competitors?
The Red Ribbon patents for VIP Mobility and VIP Financial Center establish the solutions as industry-leading and industry-changing for casino operators and patrons alike. Pavilion Payments' VIP Mobility is the industry's first mobile solution that enables an authentic cashless experience from funding through cash-out. VIP Mobility also interoperates with VIP Financial Center, the industry's first full-service solution providing convenient self-service TITO tickets, bill breaking, e-check, ATM, and cash advance capabilities to casino guests who prefer cash. The patents will prove that VIP Mobility and VIP Financial Center are the most advanced technologies in cashless, contactless solutions.
Do you have any plans for future patents?
As an industry leader, Pavilion Payments always looks for ways to improve patrons' gaming experiences and streamline casinos' internal operations. Pavilion Payments will continue to invest time and resources in developing technology to improve the industry's cashless, contactless gaming options. As those developments become viable, actionable applications, Pavilion Payments will file more patents to protect its newly developed properties.
VIP Mobility and VIP Financial Center's Red Ribbon patents testify to Pavilion Payments' commitment to developing technology to advance cashless, contactless gaming. To learn more, visit our Resource Center.
