Global Payments Gaming Solutions announced today new benefits to VIP Shield that will provide enhanced Title 31 and IRS reporting assistance to Gaming Entertainment organizations.
Originally introduced in 2018, VIP Shield is an open API solution that is compatible with any gaming system. It helps operators and their compliance and cage staff eliminate manual processes surrounding Anti-Money Laundering (AML) requirements, including Multiple Transaction Log (MTL), Negotiable Instrument Log (NIL), Monetary Instrument Log (MIL), chip log transactions and Suspicious Activity Reporting (SAR).
Global Payments continues to monitor operators’ strategic priorities and the evolving regulatory environment and deliver new enhancements that assist in meeting their compliance obligations. With this update, VIP Shield users will have access to a wider range of reports and reporting tools, as well as create more visibility between the cage, surveillance and finance departments. The original benefits of VIP Shield, such as real-time verification, data encryption and easy integration, have also been updated to reflect a more streamlined user experience.
“Compliance is a central component to the payment and funds management process in the gaming industry, but is still managed through mundane, manual tactics in many organizations,” said Christopher Justice, president of Gaming Solutions for Global Payments. “The new developments in VIP Shield further protect Gaming Entertainment organizations while bringing compliance management into the 21st century.”