February 15th, 2011 | Published in Security
With over 12 years’ experience as an internet service provider, PayPoint offers payment and other services to online gaming sites as well as prepaid vouchers to Ukash and paysafecard customers. PayPoint can be used at over 23,000 retail locations in the United Kingdom. One of PayPoints most popular services is FraudGuard, an innovative online fraud management system.
In the fourth quarter of 2010, PayPoint launched FraudGuard 4. One of the best aspects of the software is it can be separated from the main package that includes payment services. Online gaming operator 32Red was one of the first customers to use FraudGuard 4. 32Red has won many awards for their casino operations. They decided to adopt the FraudGuard 4 platform to ensure robust risk management and security.
FraudGuard 4 assesses every financial transaction to and from an online casino from all customers. This significantly decreases operating risks while improving customer’s services and cash flow. The biggest advantages for online casinos to use FraudGuard 4 include:
- Quick and intuitive configuration
- Extensive reporting
- Real-time functionality
In Summary, FraudGuard 4 will enable the online casino operator to make a quick decision while analyzing the financial risks of each transaction. The installation also equates to more valid transactions being identified and processed. The multi-level fraud prevention system is efficient and can manage anything it encounters.
The Operations Director of 32Red online casino is thrilled with the results of FraudGuard 4. They feel PayPoint and associated products offer the best fraud protection for casinos in the industry. Since it offers unparalleled flexibility, the software allows operators to accept more payments while preserving stringent risk controls. In turn, this gives 32Red a competitive advantage by provided improved customer service.
The Managing Director of PayPoint further stated that 32Red will now be able to free company resources to focus on the core business instead of being bogged down by implementing manual fraud controls. Since the PayPoint system is constantly evolving from client feedback, 32Red can expect an improvement in services in the future.
PayPoint has created a system that could revolutionize the way financial transactions are conducted to and from online gaming sites. With this level of protection for the casino and player, perhaps more individuals will feel comfortable signing up at a casino site. Overall, this system will improve customer service and could indirectly increase revenue for all online gaming sites that utilize its functionality.