Dublin-based online gambling software developer CryptoLogic Limited has announced that its WagerLogic subsidiary has joined the global fraud-fighting community operated by Ethoca Limited.
Cyprus-based WagerLogic licenses software and services developed by CryptoLogic to some of the world’s most popular gaming and entertainment brands including InterCasino, William Hill, Maharajah Club and 888.com. It stated that the agreement would provide it with the ability to accept more valid player deposits, which would reduce fraud for its licensees, enhance player protections and increase its revenues.
WagerLogic is now securely connected to Ethoca’s collective pool of member-provided payment experience information to enable it to make more informed and efficient decisions about customer transactions in an effective and ethical manner.
'Our business is built upon the twin pillars of integrity and innovation and that's why we look for innovative approaches to protect the integrity of our business,' said Antony Demetriades, Managing Director for WagerLogic.
'Fighting fraud is both a challenge and an opportunity for our multi-billion-dollar industry, our customers, our players and our bottom line.'
WagerLogic has processed more than $54 billion in secure electronic transactions for over 2.5 million players worldwide, earning widespread acclaim for its customer service in the process.
'CryptoLogic and WagerLogic are the pioneers of the global Internet gaming space,' said Andre Edelbrock, Chief Executive Officer for Ethoca.
'In the same way that CryptoLogic continually advances the future of online gaming, we look forward to their participation in helping to build the global fraud-fighting community powered by Ethoca. We applaud CryptoLogic for leading the way and encouraging other companies to join the collaborative fight against fraud.'