Safecharge In Major Online Bingo Deal

Teddy Sagi's payment solutions company continues to prosper

Playtech major shareholder Teddy Sagi's sally into the online payments solution sector through his SafeCharge plc enterprise continued to prosper this week with the announcement that the company has been signed to provide services to the Sun newspaper's gaming brands, SunBingo and Fabulous Bingo.
The arrangement with the Sun's brands will see Safecharge provide a unique platform-agnostic solution based on Safecharge's personalised cashier, alongside the company's card-acquiring facilities and proprietary fraud prevention platform.
Safecharge will also be providing descoping of the Sun's PCI DSS (Payment Card Industry Data Security Standards) liability. This relates to the need for all merchants to store the payment details of all customers securely. DE scoping means that merchants can securely migrate and store all credit card numbers in Safecharge's own vault.
The company also posted its latest (H1-2016) results, reporting that revenues are up 5 percent year-on-year at $52.2 million, with adjusted EBITDA up 10 percent to $16.8 million.
David Avgi, chief executive at SafeCharge, said the company's acquiring services operation was performing ahead of expectations since launch last September, with more than 10 percent of group transactions processed through its own platform in June 2016.
Processing volumes for the entire business hit $4 billion, up from $3.3 billion in the same period the year previously, he revealed.
Prominent companies that have signed with SafeCharge over the H1-2016 period include Paddy Power Betfair and SB Tech.

Online Casino News Courtesy of Infopowa

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Brian Cullingworth

Brian Cullingworth

Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.

We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.

His passing in February 2019 was a dark day for us. He will be forever missed.

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