GBank Financial Holdings Inc. Pleased to Share the Press Release of BankCard Services, LLC Welcoming LoopGolf as a New Cashless Gaming Client
LAS VEGAS, Sept. 21, 2022 /PRNewswire/ -- GBank Financial Holdings Inc. ("GBank" or the "Company") (OTCQX: GBFH), the parent company for Bank of George (the "Bank"), is pleased to share the press release by BankCard Services, LLC ("BCS"), a Technology Company that enables Financial Institutions to participate in cashless gaming, welcoming LoopGolf as a new cashless gaming client of BCS and the Bank of George Gaming FinTech Division.
The full press release from BankCard Services, LLC can be found here:
BankCard Services, LLC Pleased to Welcome LoopGolf as a New Cashless Gaming Client
Through its contract with BankCard Services, LLC, Bank of George has been providing the banking solutions for Sightline Payments since 2016.
About LoopGolf
LoopGolf is golf's digital wallet at the intersection of fintech, sports, and culture. The first iteration of the LoopGolf mobile application provides on-course coordinating, scoring, and settling of real money wagers. LoopGolf is now live in the Apple App Store. Download now!
BankCard Services, LLC entered into an agreement with Sightline Payments in 2014 to provide Bank of George as a sponsor bank to enable Sightlines Play+ cashless solutions for the gaming industry. Today, the Sightline/BankCard Services, LLC/Bank of George partnership services over 700,000 accounts at Bank of George with over
BankCard Services, LLC developed its proprietary "Pooled Player Account Powered by PIMSTM," which expanded the Pooled Player Account structure with FDIC Insured individual player ledger accounts that enable digital cashless transactions.
The Company
GBank Financial Holdings Inc. ("GBank"), a bank holding company with approximately
Forward-looking Statements
GBank has made forward-looking statements in this Press Release. These forward-looking statements are subject to risks and uncertainties. Forward-looking statements include information concerning possible or assumed future results of operations of the Company and its subsidiaries. When words such as "believes," "expects," "anticipates," or similar expressions occur in this Press Release, the Company is making forward-looking statements. Note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause those results to differ materially from those expressed in the forward-looking statements contained in this Press Release. Those factors include, but are not limited to: the recent and continuing coronavirus (COVID-19) pandemic which poses risks and may harm the Company's business and results of operations in future quarters, credit risk, changes in market interest rates, inability to achieve merger-related synergies, competition, economic downturn or recession, and government regulation and supervision. The Company undertakes no obligation to update or revise any forward-looking statements.
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SOURCE GBank Financial Holdings Inc.