VISA Joins the IGSA Payments Committee to Drive Standards
The International Gaming Standards Association (IGSA), the trade body dedicated to standards in the gaming industry, has announced that global payments leader VISA has joined its Payments Committee. The IGSA wants VISA to help create a set of best practices framework for payments and implement the highest standards.
LISTEN TO THIS ARTICLE:Visa joining IGSA is a significant milestone for the trade body and reinforces the important role the trade body plays in the innovation and compliance standards within the gambling industry. The IGSA says it believes there will be additional members added to the Payments Committee this year.
The IGSA is the largest trade body set up to specifically innovate and improve standards within the gaming industry. It focuses on both the land-based and online gambling platforms and its membership is drawn from gambling industry stakeholders from over 30 regions.
Management at IGSA boasts that Visa is one of several major gaming industry stakeholders that are members of the organization, and it believes the IGSA will become the main platform to implement improvements to the standards for all stakeholders in the gaming sector.
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IGSA Plans to Standardize the Payments Process in the Industry
Senior leadership at the IGSA states they would like to work towards a payment structure in the gaming industry that is processed in a standardized procedure.
The Payments Committee has outlined its mission as to collaborate to produce a secure, seamless, and standardized payment process for the gaming industry worldwide.
IGSA would like to welcome VISA, who, along with several other payments-related companies, is now an active participant in the IGSA Payments Committee. VISA is a world-known multi-national card and digital payments corporation. Their participation in this committee brings a wealth of knowledge and input from the ‘brand’ side of the payments process. We look forward to announcing more companies in the Payments space joining this important committee, as we continue down the path of producing Payments Standards and Best Practices for the industry, with the industry.
Last month Visa and Mastercard, two of the giants of the payment processing market launched an investigation following claims that illegal gambling sites were using their payment platforms.
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