A lot of online casinos today are getting serious about stopping online casino players who use fraudulent means to make money from online casinos from what they are actually doing. Often, these online casino players use fake credit cards or credit cards without sufficient limits to actually deposit funds at online casinos and then eventually withdraw such funds prior to the discovery of their scheme. And they also try to charge back the transaction so they won’t be billed by the credit card company and then eventually withdraw as well the funds from the online casino. Of course, online casinos want to stop these players from what they are doing and to stop them they believe they have to use systems for device based fraud detection or if they already have such systems, just upgrade or improve them.
Now, to put an end to the problem involving such online casino players, GTECH G2 group and Ethoca Limited have these better systems for fraud detection to introduce to all being affected by such online casino players.
The GTECH G2 group, a reputable online gaming service provider and through its subsidiary Finsoft just a popular provider of MarginMaker which is a leading software platform, wants to introduce a solution – the even better MarginMaker that now comes with Iovation technology.
The improved MarginMaker can manage the risk arising out of fraudulent use of cards in real time. Naturally, it can just do so no doubt. Iovation technology can simply check the credit or debit card number and even the identity numbers of the computer being used by players and check if the numbers connect with earlier frauds in Iovation’s record of frauds.
“The service provided by Iovation has proven itself to be extremely successful for so many companies in the online betting industry – it absolutely makes sense for us to include it in our fraud management process,” said Chief Technology Officer of GTECH G2 and CEO of Finsoft Predrag Popovic.
While Ethoca Limited wants to introduce its new and innovative service based on its Ethoca360 Signals technology. This technology according to the said company can help online merchants including online casinos prevent charge backs and even card-not-present fraud. And it can actually check transactions also in real time.
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