|TRUSTMARQUE unveils PayBack™. Existing within the TrustMarque Secure Transaction Network, PayBack™ is a proven solution for paying Interactive Gaming winnings back to UK consumer credit card accounts.|
London, England – 9th December - TrustMarque International, the leading global provider of electronic card payment processing solutions to the Interactive gaming industry with a client base including William Hill, Bluesq.com, Sportingbet.com and Stanley Casinos today announced the availability of its PayBack™ service.
Through a single connection to TrustMarque’s Secure Transaction Network (STN), gaming clients can access the PayBack™ service and make payments via the BACS network direct to their customer’s credit card accounts. The benefits of this service include,
·Compliance with Card Scheme rules
·No limit on the amount of winnings paid back
·No need to collect customer banking details
·Totally Paperless thus avoiding issuing paper cheques
·Lower fraud as winnings are always paid back to the original card account
·Secure Web based reconciliation and reporting
·High speed and cost effective
The Interactive Gaming industry has been under increasing pressure by card schemes to stop the process of paying customer winnings back to client accounts by using the card scheme refund mechanism, which was never designed for this purpose.
PayBack™ was developed to provide a solution to this problem. The service is fully operational and has been deployed by a number of existing TrustMarque clients with great success.
Nigel Rose, FD of Bluesq.com commented “The TrustMarque solution has enabled us to greatly improve the efficiency with which we pay winnings to our clients, TrustMarque has demonstrated they have an excellent understanding of the requirements within the online gaming industry, both technologically and commercially for successful card processing”.
'We are making very strong in roads into the growing global Interactive Gaming market,' said Richard Metcalfe, TrustMarque CEO. 'Based upon robust technology the PayBack™ solution is the only proven service of this type available to the high volume interactive gaming industry today. It [PayBack] alone provides an even more compelling reason for Interactive Gaming merchants to connect to our Secure Transaction Network”
TrustMarque Interactive Gaming clients now have a one-stop provider for all their card payment processing needs.
Founded in 1997, TrustMarque International is committed to providing the most powerful and secure payment transaction processing solutions to meet the highest level of customer service and performance.
TrustMarque International, which is headquartered in Gerrards Cross, UK with an office in Montreal, Canada, is made up of a team of dedicated payment and risk experts with years of experience in developing and operating large-scale transaction processing systems.
TrustMarque International is part of the TrustMarque Group of companies, which includes TrustMarque Solutions Limited. The TrustMarque Group is funded by Royal Bank Ventures and owned by Royal Bank Ventures, management and employees. Royal Bank Ventures is part of the Royal Bank of Scotland Group.
For further information please contact:
Nick Fitt, Head of Sales
Tel: +44 (0) 1753 880 800