Safe and secure internet gambling financial model
Download
1 / 11

Safe and Secure - PowerPoint PPT Presentation


  • 300 Views
  • Updated On :

Safe and Secure Internet Gambling Financial Model . Safe and Secure Internet Gambling. Payment Authorization Transfer of Funds. Payment Authorization. When registering, the customer provides (at a minimum): Name & Address Telephone Number Identity Number/SSN Date of Birth

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Safe and Secure ' - elina


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Safe and secure internet gambling financial model

Safe and Secure Internet Gambling Financial Model


Safe and secure internet gambling
Safe and Secure Internet Gambling

Payment Authorization

Transfer of Funds

© UC Group 2007


Payment authorization
Payment Authorization

  • When registering, the customer provides

  • (at a minimum):

    • Name & Address

    • Telephone Number

    • Identity Number/SSN

    • Date of Birth

  • Once registered the customer receives a unique user name & password.

  • When purchasing, the customer provides

  • (at a minimum):

    • Name & Address

    • Credit Card Number & Security Code

    • Expiration Date

    • Amount

Payment Authorisation

Transfer of Funds

© UC Group 2007


Payment authorization1
Payment Authorization

Information provided by a customer during registration is confirmed via third party Know Your Customer (KYC) systems, after which the following checks are performed:

Legal Age - is customer of legal age? Check both DOB provided & whether confirmed by KYC.

Legal jurisdiction - is customer located in a legal jurisdiction? Also confirm residence, details provided & whether confirmed by KYC.

Not barred from playing - do details exist on any blacklist, whether fraud or compulsive gambling (including exclusions)?

Limits – are limits in place (e.g. individual bet limit, cumulative loss limit)? How much has the customer gambled over a certain period of time?

Payment Authorisation

Transfer of Funds

© UC Group 2007


Payment authorization2
Payment Authorization

The Financial Services Provider uses 3rd party IP Geo-location databases to confirm the Customer’s location & blocks the transaction if from a prohibited jurisdiction

Under Age Checks: is a credit card being used?

If so, is the card sponsored?

Customer not prohibited. Do details exist on any blacklist (compulsive gambling, exclusion, fraud, OFAC, etc)?

Payment Authorisation

Transfer of Funds

© UC Group 2007


Payment authorization3
Payment Authorization

The Operator’s Bank passes the transaction to the Customer’s Bank for approval.

Payment Authorisation

Transfer of Funds

© UC Group 2007


Payment authorization4
Payment Authorization

The Customer’s Bank checks any “Hot Card” lists to ensure the card is not stolen.

The Customer’s account is checked to ensure sufficient funds, in which case the transaction is approved.

Payment Authorisation

Transfer of Funds

© UC Group 2007


Transfer of funds
Transfer of Funds

The Customer’s Bank withdraws the funds from the Customer’s account and transfers it on to the Operator’s Bank.

Payment Authorisation

Transfer of Funds

© UC Group 2007


Transfer of funds1
Transfer of Funds

The Operator’s Bank transfers the collected funds to the Financial Services Provider.

Payment Authorisation

Transfer of Funds

© UC Group 2007


Transfer of funds2
Transfer of Funds

The Financial Services Provider transfers funds to Operator NET of

license / tax / fees.

Customer receives FULL amount of deposit.

Prior to initially transferring funds, the Financial Services Provider will have performed comprehensive due-diligence on the Operator, including the checking of anti-money laundering and fraud databases.

Payment Authorisation

Transfer of Funds

© UC Group 2007


Transfer of funds3
Transfer of Funds

Financial Services Provider transfers Federal, State and County license / tax revenues to relevant body.

Operator pays taxes as required by law

Payment Authorisation

Transfer of Funds

© UC Group 2007


ad