B-win group to offer e-money solutions
 April 29, 2008, 5:45 am (2 months ago)Vienna-listed gambling group B-win will announce soon its own e-money payment solution following the award of a British Financial Services Authority license after stringent probity checks.
The license reqs are binded to strict regulations: and in addition to disclosure the ownership structure in details and a very extensive review of the management team, equity criteria of such as well as system and operations and that includes infrastructural model reqs must be satisfied and processed to receive the license. and in addition to all that, the internal operational and risk management processes associated with payment systems are also subjected to an in-depth third party audit.
The Financial Services Authority in the UK regulates the entire financial services sector, which is held in high in consideration to other financial markets worldwide, and is equipped with far-reaching rights and controls. Ultimately, the purpose of this authority is to prevent crime and money laundering in this sector, and to this end, it is authorized to implement regulations, enforce compliance and conduct investigations.
In achieving FSA licensed status, B-win Group has joined the a new league of honored companies - from now on, the company will be able to offer payment options such as prepaid cards and cooperate directly with MasterCard and Visa. With the exception of banks, this privilege is only granted to a small number of companies and in the gambling industry B-win Group is the only one to be granted with such license.
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