The New Orleans-based cash-access company FABICash has contracts with more than 200 casinos nationwide to provide credit- and debit-card cash advances, check cashing, ATMs and kiosks, as well as their Title 31 AML compliance solution called FABITrack. The company’s cashless gaming systems are on display at G2E. Their newest solution, FABIWallet, is being launched in casinos toward the end of this year, according to the company’s president and CEO, Anthony Rabito.
“What makes our cashless solution unique is the player can use one single wallet to play slots and table games, place sports bets in the casino and online, and use it in retail locations. The FABIWallet can interface with all gaming, sports, and retail POS platforms. If players walk into a casino that is using FABI cash-access services and they don’t want to go to the cage because of long lines, they can enroll to get the app, which takes less than one minute. You can do a debit, credit, or e-check from your phone to load funds. Once the money is loaded to the app on the phone, you can move the money to slots and table games, or play sports, or move the money to retail,” Rabito said.
“When players are finished playing, they can move money from the gaming or sports app to the FABIWallet and go straight to the cage or kiosk to cash out, or move the money in real-time to their bank. We give the players numerous options to load their wallet and to cash out,” said Rabito. “In addition, all transactions go through FABITrack, our Title 31 AML compliance software.”
When players go to the cage to do a credit, debit, or e-check transaction, they have the option to load the funds directly to their wallet, instead of receiving cash, reducing the amount of cash kept at the cage.
“They never touch cash. It’s very simple and efficient and our casino customers are excited to start utilizing it,” Rabito said.
“The primary reason for our amazing success is due to the reliability of our platform, resulting in putting an average 23% more money back to the gaming floor when we replace a competitor. We’re proud that we’ve had zero downtime in eight years,” Rabito said.
FABI recently celebrated 26 years in business. “We love where we’re positioned in the gaming industry,” Rabito said. “Developing state-of-the-art technology is our focal point and cash access and cashless solutions are our niche. We look forward to seeing everyone at G2E.”
