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Ukash Now in Australia

Ukash has brought Australia into its widening international net of customer outlets, inking a deal with epay Australia.
Ukash vouchers, which allow consumers to shop, pay and play online using cash, will initially be available at 3 600 outlets across Australia with the possibility of expansion later in the year.
The move will enable the company to tap into Australia's large cash market, its growing number of internet users and its 9 million consumers - nearly half the population - that are concerned at the chances of cyber crime and identity

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theft online. Credit card fraud is one of the most common forms of theft in Australia and with 39 percent of the population having been the victim of cyber crime, it is the country with the highest incidence of online fraud in the world, said a kash spokesman.
Ukash, which is based in the UK and is regulated by the Financial Services Authority (FSA), has an existing global network of 275 000 issuing points, providing a payment solution to consumers across the UK, Europe and South Africa. The Ukash business model has proved highly attractive to consumers and retailers alike; Ukash currently process several million transactions annually, with values in excess of Euro 100 million.
One of the major benefits of using Ukash is that customers do not need to have access to a bank account or credit card to shop online. And according to research conducted by the Reserve Bank of Australia, cash is still the primary payment method preferred by Aussies, accounting for 70 percent of all transactions made.
The deal with epay allows users to exchange their cash in-store and receive Ukash vouchers - which are available in Oz dollars in amounts of $10, $20, $50, $100, $200 and $500 - with a unique code that users simply provide when paying online. The anonymity of buying and spending Ukash means that no financial details are required from the consumer, and people can shop online without worrying about the continued risk of online identity theft.
Ukash will be available to consumers across Australia from epay retailers, including petrol stations and convenience stores. This will complement the Ukash Online solution, which allows consumers in Australia to purchase Ukash online directly from their bank account through all major banks - a secure online issuance function which provides comprehensive authentication and verification technology to online consumers.

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Ukash vouchers can be used to shop, pay and play online and amongst the commercial many sectors where Ukash is popular, demand for cash payment methods in the online betting and VoIP markets has been particularly strong.
Mark Chirnside, chief executive officer Ukash said:  "Ukash is embarking on a period of international expansion as we continue to make online shopping available to anybody, anywhere in the world. By opening up internet shopping to the cash market Ukash allows those without bank accounts or credit cards, or those who have fears of online fraud, to shop securely online using cash.
"We are excited by our move into the Australian market, which we believe will be another strategic success for our company and we are looking forward to working with retailers here to help them develop valuable new revenue streams."
In September 2008 Ukash received significant additional funding from South African giant Blue Label Telecoms, part-owned by Microsoft, which acted as a catalyst in the company's international expansion. Ukash has signed major deals with international partners which has seen the company treble in size over the last 12 months and by 2010 it will be issuing Ukash vouchers across all five continents, and the company is currently pursuing a number of other strategic prepaid projects to enable the cash consumer to shop online anywhere in the world.

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What You Should Know Before Betting on the Michigan-Northwestern Game - The No. 13 Northwestern Wildcats (5-0 SU, 4-1 ATS) may be ahead in the polls, but the No. 18 Michigan Wolverines (4-1 SU, 3-2 ATS) will be sizeable favorites for Saturday's game in Ann Arbor. Kick-off is at 3:30 PM ET on the Big Ten Network.

Microgaming October 2015 Slot Releases - Titans of the Sun Hyperion and Titans of the Sun Theia are being offered, with Hyperion and Theia taking centre stage in their respective 5x3 reel, 15 pay-line games. Visually stunning, Titans of the Sun combines striking graphics with rich audio, to bring an ancient adventure to life.

LADBROKES COMPLETES GBP 1.35 BILLION MERGER FINANCING - The UK online and land betting group Ladbrokes plc announced Friday that it has signed a GBP 1.35 billion facility with a syndicate of relationship banks to provide committed financing for its proposed merger with Coral announced on 24 July 2015

Swedish media groups work on a responsible Gambling advertising plan - With the prospect of new regulatory developments in Swedish online gambling ahead following government's impending review of the industry trade associations for the local digital, television, print and publishing media are talking about self-regulation in what appears to be a pre-emptive move.

Microsoft's Bing Predicts Picking Sports Winners - Artificial intelligence has been disturbing gambling consortiums in Las Vegas, the publication Extreme Tech claims, reporting that Microsoft’s AI engine, Bing Predicts, recently bested the Las Vegas odds in predicting winners for week one of the NFL season.

MAJOR NEW LAND CASINO FOR RUSSIA - It's been a bumpy road strewn with delays, but Summit Ascent’s Tigre de Cristal casino resort has launched in the Russian Primorye gaming zone to considerable local fanfare, and looks set to succeed - some say to Macau proportions.

Italian Online Poker On The Decline - Italian market statistics for September 2015 from regulator AAMS make depressing reading from an online poker perspective, reporting that online tournament entries fell 19 percent to Euro 58.7 million, and net revenues declined by 17 percent y-o-y to Euro 5.3 million.

Did the Christian right wing Trigger daily fantasy sports betting? - Did the Christian right wing inadvertently trigger the massive demand for daily fantasy sports betting is the question raised in an interesting opinion piece in the Observer Thursday, written by one-time Washington political staffer Ari Rabin-Havt, who served as an adviser to Senate Majority Leader Harry Reid, as well as on Al Gore and John Kerry’s presidential campaigns.

Class Action Lawsuits Filed Against DraftKings and FanDuel - @draftkings #draftkings More pressure was heaped on the beleaguered daily fantasy sports operators DraftKings and FanDuel Thursday when a class action was filed against them by a Kentucky resident - the second such action following a 'bait and switch' class action claim filed in Florida last year but since abandoned

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