It is estimated that a record 50 million people will bet on the Super Bowl this Sunday.
But how many will get paid right away … assuming they win?
On Tuesday, Trustly, a global leader in open banking payments, announced it is partnering with PointsBet, a premier global online gaming operator, to offer its players in the U.S. instant payouts — thanks to a service powered by Fort Lee-based Cross River.
In partnership with Cross River, a financial services and technology infrastructure provider that offers embedded financial solutions, Trustly’s technology platform will allow PointsBet to provide players with instant withdrawals of winnings into their bank accounts wherever sports betting is available, Trustly officials said.
PointsBet, by using Trustly Instant Payouts, can fund payments directly with Cross River, which will send real-time payments on behalf of PointsBet to their players’ bank accounts.
John Parsons, a vice president of gaming at Trustly, is thrilled with the development.
“This product, made possible by our collaboration with Cross River, will help facilitate a delightfully seamless payout experience for sports bettors nationwide,” he said.
Adam Goller, the head of fintech banking at Cross River, shared his enthusiasm.
“Cross River partners with some of the most innovative companies that provide consumers with the cutting-edge financial solutions they need and want,” he said. “Our partnership with Trustly enables just that, solving a pain point in this vertical for a long time.”
About Trustly
Founded in 2008, Trustly is a global leader in open banking payments. Its digital account-to-account platform redefines the speed, simplicity and security of payments, linking some of the world’s most prominent merchants with consumers directly from their online banking accounts. Trustly can handle the entire payment journey, setting it apart from the competition and enabling it to offer an attractive alternative to traditional card networks at a lower cost. Today, it serves 8,100 merchants, connecting them with 525 million consumers and 6,300 banks in over 30 countries; in 2021, it processed over $28 billion in transaction volume in its global network.
About PointsBet
PointsBet is a corporate bookmaker listed on the Australian Stock Exchange with operations in Australia, the U.S., Canada, and Ireland. PointsBet has developed a scalable cloud-based wagering platform through which it offers its clients innovative sports and racing wagering products, advance deposit wagering on racing and iGaming.
About Cross River
Cross River provides technology infrastructure powering the future of financial services. Leveraging its proprietary real-time banking core, Cross River delivers innovative and scalable embedded payments, cards, lending and crypto solutions to millions of consumers and businesses. Cross River is backed by leading investors and serves the world’s most essential fintech and technology companies.
