New Anti-Fraud Technology
27 October 2005

With all of the fraud that goes on in the world both on and offline, many companies are constantly on the look out for the software that will provide them with the best security and fraud detection. Recently Metacharge, a payment service provider that is often used in the online gambling industry, has created a fast ID verification and status process. Although it is believed to be extremely effective, its one downside is the cost.

It was reported by Out-Law.com that this new technology allows website operators to check the age, identity and vital statistics of their customers against the BT directory enquiries, a mortality database, the UK Electoral Roll and a credit reference database. What’s more is this check can be completed within less than 2 seconds.

London-based Metacharge is currently working with 192.com to integrate the automated age and identity checking service into payment processing. As was previously mentioned, this anti-fraud service is quite pricey (about 1.50 pounds per query) however, Metacharge has pointed out that although their service certainly isn’t cheap, neither is fraudulent charge usage which currently costs more than 1 million pounds a day – and that’s only in the UK alone.

Scott Law, the Managing Director of Metacharge has said that online gaming is, simply put, “a magnet for fraud”. Law said that the fastest growing type of identity theft is stealing the identities of dead people and using them to gain credit. This is the main reason why the new fraud detecting system checks against the mortality database, as it will inform the internet casino conducting the check if the poker player in question is in actuality a corpse.

Metachrage has every confidence that there new anti-fraud technology will be a success, and those online gambling institutions that use it will find that this excpeptional service is well worth the money.