Creating a safer payments journey for gaming customers is on the industry agenda for 2023 as the International Gaming Standards Association (IGSA) has formed a Payments Standards Committee.
Seeking to “create a series of standards governing online and mobile payments” the Committee will explore and evaluate different methods to ensure that regulators have clear guidance on protecting their jurisdiction from fraud, theft, and other illegal activities.
Unveiling the Payments Standards Committee, IGSA has welcomed Aristocrat Gaming, AXES.ai, the Oregon Lottery, and Playtech as the first members as they seek to strengthen the integrity of payment markets in gaming.
A bridge between the regulatory bodies and gaming operators, IGSA is open to membership from over 20 countries, with input from regulators, operators, and suppliers from over 30 countries.
The association aims to create and evolve intellectual property to “ensure its members enjoy a unique strategic advantage.”
It states that, through its operations, members can enjoy “cross-sectorial visibility and reach and a facility to access commercialization channels.”
“Regulators from all over the globe are constantly asking for guidance on how to create a safer payments landscape for their operators,” stated Peter DeRaedt, President of IGSA. “This committee will assure our members that we will protect our industry.
“I am proud of the Board of Directors to have embraced this project so rapidly since the arrival of our new Chairman, Earle G Hall. Earle’s quest is to ensure payments are a shining source of new revenue for our Industry whilst protecting the regulators and operators with a world-class standard. We invite the industry to join us.”