Sagi E-processing Firm Signs Up Major Operators
By Casinomeister, Last updated Oct 24, 2014
Leading Rank plc companies to use SafeChrage for online transactions
Israeli online gambling entrepreneur and principal Playtech shareholder, Teddy Sagi, has scored another online gambling coup with the announcement that his AIM-listed e-processing company, SafeCharge, has been selected for online transactions by top Rank Group plc subsidiaries Mecca Bingo and Grosvenor Casinos.
The companies will deploy SafeCharge's Secure Payments Platform, Risk Management and PCI Descoping solutions for all UK customer facing digital business, an announcement Monday revealed.
A Rank spokesman said that SafeCharge had been selected due to its "…advanced technologies and industry expertise" and ability to improve the customer experience.
"By outsourcing the storing and transmitting of sensitive debit and credit card information to SafeCharge, Rank will reduce costs, manpower, time, and make the auditing process simpler," the spokesman added.
SafeCharge's Risk Management Platform supports Rank's regulation compliance as well as its internal risk operations. A tailored fraud screening profile has been created for Rank based on the company's business model and risk strategy.
These fraud prevention rules are processed in real-time allowing Rank's risk team to instantly handle transactions that are flagged for Manual Review or Rejected, thereby reducing the rate of chargebacks and eliminating potential fraud attacks.
David Avgi, CEO at SafeCharge said:
"SafeCharge is committed to delivering innovative technologies for online and mobile payments. We have put every measure in place to ensure that Rank is satisfied with our innovative products and services."
In March this year the company"s IPO raised a gross GBP 75.8 million ($126 million) at a company value of GBP 242.6 million ($404 million), after money. SafeCharge had planned to raise $100 million, but exploited the stock market rally and the AIM's comeback to raise 25 percent more, albeit at the same company value.
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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
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