Clawson, Mich., February 03, 2016 — International Bancard, an industry-leading credit card processing and payment acceptance solution provider, announced today that they are working with the Michigan Lottery to deploy a new payment solution to select Lottery retailers for the acceptance of credit cards for Lottery sales.
Lottery products may be purchased with credit cards and debit cards at retailers across the state. This pilot program will utilize International Bancard’s proprietary payment solution and point of sale equipment to create an efficient and effective purchase experience for customers and retailers. The pilot program is expected to help increase Lottery sales for participating retailers.
“International Bancard has worked closely with the Michigan Lottery to build and implement a payment acceptance solution that will help retailers increase Lottery sales,” said David Iafrate, Chairman and Chief Executive Officer of International Bancard. “As a Michigan-based company, we are proud to work with and support the Michigan Lottery.”
Since it began in 1972, the Lottery has contributed more than $19.6 billion to support public education in Michigan. About 29 cents of every dollar spent on Lottery products goes to the state’s School Aid Fund.
For a list of Lottery retailers that accept credit and debit cards, please visit http://www.michiganlottery.com/retailer_finder.
About International Bancard
Whether our clients serve 50 customers or 100,000 fans, International Bancard helps businesses grow by providing payment acceptance solutions, including credit and debit card processing, ACH, check and gift cards. As a nationally recognized industry leader, businesses rely on our market insight, data security knowledge and client care to deliver exceptional service to more customers in more locations. Learn more athttp://www.InternationalBancard.com.
About The Michigan Lottery
About 97 cents of every dollar spent on Lottery tickets is returned to the state in the form of contributions to the state School Aid Fund, prizes to players and commissions to retailers. In the 2015 fiscal year, the Lottery’s contribution to Michigan’s public schools was a record $795.5 million. Since it began in 1972, the Lottery has contributed more than $19.6 billion to support public education in Michigan. For additional information, follow the Michigan Lottery on Facebook, Instagram, Twitter and online at http://www.michiganlottery.com.