article thumbnail

Authentication Provides The Real Action For Online Gambling

PYMNTS

All the action on the legalized gambling front is putting authentication and verification services under a bigger spotlight – and making them major players in this growing area of digital payments and commerce. Of course, that’s not the only type of pressure that comes to bear on friction for customers of online gambling services.

article thumbnail

Wild Cards? Gambling, Payroll, Other Models Provide Fresh Fuel For Prepaid

PYMNTS

Cards (as in prepaid, stored-value cards that consumers can use for gambling, payroll and a variety of other uses, many of them novel) are only half the battle. Placing A Bet On Online Gambling. The rise of online and mobile (legal) gambling is providing benefits to reloadable and store-value cards, and driving innovation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Accounting Professor Indicted on Fraud Charges Over Embezzlement Claims

CPA Practice

The charges identified Kroger as a professor of business and accounting, but does not specify where. That person agreed to join the joint venture on account of Kroger’s representation that the business opportunity would be a “low-risk” investment with a high upside. A spokesperson for Gustavus Adolphus College in St.

article thumbnail

Walgreens Follows Amazon And Walmart Into The Retailer-as-Ad-Agency Trend

PYMNTS

The hot new thing in “Big Retail” is offering in-house advertising on your website to your vendors – because why get paid only once on a purchase if you can get paid twice? In short, retailers get paid to place the ad, and then get paid again when the merchandise is sold. Enormous Potential.

Retail 86
article thumbnail

Amazon Gift Cards Used In $2M Offshore Gambling Ring

PYMNTS

But what if you need to run a multi-million dollar offshore illegal gambling setup? The gambling site does not charge a fee for gamblers who use Amazon cards and offers a 10 percent bonus to those who take their payout in Amazon cards. The betting site did not respond to a message sent to a company email account.

article thumbnail

Bitcoin Daily: Bank Of Ghana Eyes Digital Currency; 4,000 Crypto Trader Accounts Now Frozen In China Probe

PYMNTS

In other news, authorities have purportedly frozen approximately 4,000 bank accounts in China belonging to digital currency traders, Cointelegraph reported. A retail investor reportedly discovered that his account has been frozen after he made a digital currency purchase on what was described to be a large and trustworthy exchange.

article thumbnail

Today In Payments: Police Allege Money Launderers Using Chinese eCommerce; Square Launches On-Demand Payroll

PYMNTS

Chinese authorities have made a series of arrests alleging more than $2 billion was laundered at offshore gambling sites through faux eCommerce purchases. The alleged cybercriminals made the online purchases while the same sum was then credited to their gambling account. Square Launches On Demand Payroll.

payroll 71