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Washington Lottery to pilot branded virtual Mastercard to speed prize payments and cut paper checks
Summary
The Lottery plans a June pilot of a Washington Lottery–branded prepaid Mastercard virtual card to deliver prize payments faster and more securely; agency officials said the approach could be a model for other state agencies to reduce administrative costs and improve customer experience.
At the Productivity Board Coffee Klatch, Washington Lottery finance director Todd Stebben previewed a June pilot of a Washington Lottery–branded prepaid Mastercard virtual card designed to speed prize payments, reduce paper checks and cut administrative costs.
Stebben said the pilot pairs a prepaid Mastercard with fintech partner FIS and a bank to deliver digital wallet credentials to winners, creating faster, more secure payments…
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