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Facebanx debuts a potent new anti-fraud weapon
Monday April 15,2013 : PUTTING A FACE TO A NAME IN INTERNET GAMBLING
Facebanx debuts a potent new anti-fraud weapon
New technology company Facebanx has developed an innovative online facial recognition technology solution that will enable online gambling operators, banks, payment processors and ID verification companies to dramatically reduce fraud and ID theft, and provide a key weapon in their battle with fraudsters, claims a company spokesman.
Facebanx works by users simply adding their face to their account via the camera on their laptop, mobile phone or tablet. The software then compares the facial image against a database of faces to flag up possible fraud. Each face is recorded via a video stream and the technology compares multiple images taken throughout the recording to confirm that the person is real and not a photo.
Matthew Silverstone, CEO of Facebanx, said Monday: “Our product provides a unique solution for processors to share data to combat multiple acts of fraud. We are currently in discussions with a number of processing companies, banks and merchants about adding our software to their CRM.”
Professor Mark Button, director of the Centre for Counter Fraud Studies, said: "Counter-fraud professionals are always looking for the 'holy grail' in the fight against identity fraud. Facebanx is an exciting new development and a product which could be one step closer to such a solution."
Facebanx is a division of OhHi Technology, and has developed the software to meet all banking security standards. The company uses cloud based technology to allow multiple users unlimited access worldwide either on a manual or automated basis.
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Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
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NEW CAMBODIAN GAMBLING LAWS -
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Playtech Acquires ECM Systems -
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Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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