Performance Technology announced that elements are now in place to begin a pilot using the PlayersCash stored value smart chip and magnetic stripe cards. “We have a robust processing platform, EMV [Europay, MasterCard, Visa] certified smart cards, a secure PIN pad, smart and swipe card reader [the eCashPad from eConnect] and now we have a client to pilot with,” said Mr. McRae, CEO of Performance Technology, Inc. The pilot will consist of 300 participants using their eConnect eCashPad, inserting their PlayersCash card in their eCashPad and then using  to load value from their checking account. Funds will be held by the participating bank.
Consumers will log in securely with their PlayersCash smart chip card and real PIN, not password, that is encrypted through the Derived Unique Key Per Transaction system (“DUKPT”) and generated by the eCashPad. The eCashPad will then send an encrypted PIN to the eConnect Bank Eyes Only server where it will be converted into a standard secure message format for authorization and settlement by the Performance Technology Process-T system. The funds will then be moved to the merchant’s bank account. Consumers can “Cash Out” to their PlayersCash card and funds will be moved from the merchant bank account to the card bank account. OffTrackBettingOnLine.com was started by Bentley Communications (OTC Bulletin Board: BTLY) to address the market of same as cash Off Track Betting gaming, will be the participating gaming company in the pilot.
About Performance Technology: Performance Technology, Inc. headquartered in San Francisco, CA is a Management and Technology consulting firm. Since 1991 PT has helped small to fortune 100 organization through comprehensive analysis determine “where they are (point A),” focus their goals and objectives; “where they want to be (point B)” and all the necessary steps in getting from point A to Point B. () In 2000 PT started a subsidiary named CashMover.net that provides private label payment, loyalty, and security magnetic stripe and smart chip based cards along with issuing processing services. ()