Money Centers of America, Inc. (http://www.moneycenters.com) announced Friday that it had acquired the assets of Landmark Group Holdings. The deal includes Landmark’s proprietary software and contracts with properties in Washington, Idaho, California, Colorado, South Dakota, and Nevada. The company will continue to operate under the Landmark name as a subsidiary of Money Centers.
King of Prussia, PA (PRWEB) June 08, 2012
Money Centers of America, Inc. (http://www.moneycenters.com) announced Friday that it had acquired the assets of Landmark Group Holdings. The deal includes Landmark’s proprietary software and contracts with properties in Washington, Idaho, California, Colorado, South Dakota, and Nevada. The company will continue to operate under the Landmark name as a subsidiary of Money Centers.Washington based Landmark provides check guarantee, check verification, Title 31 / Currency Transaction Reporting, and on-line software applications to establish credit limits and monitor guests’ marker activities.
Landmark’s C4 software captures and stores check cashing, credit and debit card transactions and related credit information in a real-time, on-line environment. This product is designed to increase cash flow and minimize declined check requests on responsible guests. The Landmark system gives the client immediate and specific information including credit history and available credit.
Landmark and Money Centers describe this as an opportunity to grow a national database and consolidate software products for the cage.
“It is a data driven world today. Cashing checks, extending credit and processing cash advance transactions from the cage is the lifeblood of the casino. Having real-time transaction information not only puts money on the floor but also allows the casino to get better information on their customer’s available credit for marketing and player tracking purposes.” Landmark and Money Centers President Mark Wolfington said.
Money Centers Chairman and CEO Chris Wolfington says acquiring Landmark is a sign of Money Centers growth. “Since 1998, Money Centers has been providing cash access services and software that enables gaming operators to use the power of technology to increase profits and improve the customer experience. Adding Landmark’s technology and products is an extension of that mission.”
“We have worked with Landmark in the past year integrating our ONtime POS system with Landmark’s check guaranty engine. Landmark has a deep database and long history of cashing checks. By combining their West Coast presence with our locations we have created a national database. We are excited about the opportunity to own our own risk management software and have a fully integrated credit database.”
Lauren Anderson
Money Centers
610-354-8888
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