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NEW DIRECT DEBIT SERVICE FROM NETELLER

Internet financial processor Neteller plc has announced the launch of its new paperless Direct Debit service as part of the Neteller Payment Suite.
 
Neteller claims that the new service enables online retailers to offer a speeded up and simplified sign-up process to UK customers and decreases administrative costs and errors, obviating the need for merchants to go through the expensive and time-consuming process of obtaining AUDDIS compliance.
 
Setting up traditional direct debit mandates has been a lengthy and error prone process as it is reliant on the merchants posting correct forms, the customer filling them in, the postal service and the accuracy of staff keying in data.
 
With the simplified process, when the customer has finished the application via telephone, Internet, keypad or interactive TV, the merchant can start invoicing and providing the service immediately. The new service means that customers will be, on average, ‘live’ with Direct Debit six days earlier.
 
Because the service is offered as an integrated part of Neteller's Netbanx gateway, the merchant can get paid quickly by taking a customer’s first payment by card while the customer’s Paperless Direct Debit application is being processed.
 
The new facility joins the Neteller Payment Suite, which features the Netbanx international payments gateway, the Neteller e-wallet and Net+ cards.
 
Normally, retailers who want to accept paperless Direct Debits have to achieve Automated Direct Debit Instruction Service (AUDDIS) status, which can be expensive and time-consuming. The Netbanx service removes the need for the retailer to obtain this status, ensures compliance to all relevant financial and legal requirements, and maintains the same level of security and customer protection as traditional direct debits.
 
Due to tighter security measures including 3D Secure, taking repeat payments via a credit card is becoming more difficult. Already, Maestro Card does not allow repeat or recurring billing. Using paperless Direct Debit is an alternative to merchants as they also charge on pence-per-transaction rather than the transaction value.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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