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How to Prevent iGaming Fraud

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Gaming Industry

Threats to the gambling sector include chargebacks, fraudulent deposits, cheating, and money laundering. Many gambling platforms lack standardized mechanisms for online identity verification and fraud prevention. Through card fraud, identity misrepresentation, and theft,  hackers can get beyond security barriers, and the answer to all these is Flexepin.

You can fund your casino account using Flexepin, a prepaid voucher, to make safe and simple online payments. Since Flexepin is paid for in advance, there is no chance that your bank information or identity could be stolen online. This makes it more secure than standard digital payment options. You may buy Flexepin from practically anywhere in the world without providing any personal details about yourself or your bank.

When enrolling on the official Flexepin website, you will still need to prove your identity, but it is a quick and easy process. The three things that keep users’ trust in the Flexepin payment system are how easy it is to use, how safe it is, and how private it is.

Flexepin Cash Top-Up Vouchers are available for purchase in several countries, in a range of currencies, and in pre-set amounts.

History of Flexepin

Novatti Group Companies, an Australian fintech company founded in 2015, came up with Flexepin which is a secure payment gateway solution. It offers its services as a cash top-up voucher, so customers with Flexepin accounts can make purchases and payments online in a safer way. You can protect your identity, personal information, and financial information completely without using credit or debit cards.

With many years of experience in providing payment solutions for businesses, Flexepin is quickly rising to among the top alternative online payment options worldwide. They are undoubtedly developing into a crucial component of the global financial digital environment.

Where Can You Use Flexepin?

The service is available in Australia, Canada, and the whole of Europe. The vouchers for these countries can be bought in stores and on the Flexepin website. The daily limit of $/£/€/2,500 ensures that you have enough time to play your favorite online casino games without going way above your budget.

Advantages of Flexepin

With so many payment options available for Canadian casino players, what makes Flexepin the best choice? There are a few reasons; firstly, data protection. You must restrict who has access to your financial information in this day and age of credit card fraud. You can use Flexepin to gamble online without giving casinos access to your financial information.

When creating a casino account, you must provide your name and contact information. You don’t have to divulge your banking information, though, during deposits. This is crucial if you frequently use debit cards because they are connected to your bank, thus increasing the risk of cybercriminals being able to hack into your account.

Although Flexepin does charge a processing fee, it is significantly lower than other platforms such as Visa or Mastercard. There may well be other methods that charge less, but you are assured absolute privacy and protection when using a voucher like Flexepin.

Flexepin is a practical method of payment. Yes, to buy cards online, you must first create an account. But if you go to one of their physical stores, all you need is identification and money. It shouldn’t be an issue because there are numerous places in Canada where you can get Flexepin.

Vouchers for Flexepin never expire. But most cards tell you to use the voucher within a year of when you bought the card.

The immediacy of Flexepin in Canada is an additional advantage. It enables Canadian dollars to be used for immediate deposits. Unlike many other casino payment options, Flexepin doesn’t charge a fee for deposits to gaming websites.

Disadvantages of Flexepin

We were only able to find two disadvantages for Canadians when it comes to Flexepin, and they are minor at that. To begin, if you use Flexepin to fund your casino account, you will not be able to withdraw. Secondly, you are unable to reverse transactions, so be certain of the amount you are purchasing and depositing at an online casino.

How to Get Started With Flexepin?

After registering on the Flexepin website, you can take advantage of all of the benefits of the payment system.

Before you can buy your first voucher, you have to sign up at Flexepin and pass one identity verification step. The process is pretty straightforward: all you have to do is fill a particular form, enter your contact and personal information, and submit identification documents (photos of the corresponding passport pages).

You only need to wait for representatives from Flexepin to get in touch with you and verify the activation of your account after filling out the form and clicking the “Register” button. Typically, this occurs within 24 hours of sending the registration application.

Redeeming your voucher at an online casino is quick and easy as well. Simply log into your casino account and choose Flexepin for your deposits. You will need to enter a 16-digit voucher code to use your cash. Once you’ve topped up your account, you can start playing right away!

Online Casinos in Canada That Accept Flexepin

Of course, we wouldn’t talk about how great it is to use Flexepin at a casino without providing a list of the best Flexepin online casinos in Canada. Even though it’s accepted in more than 44 casinos, we’ve chosen the top five that we think are best.

 

  • Ruby Fortune
  • Spin casino
  • Royal Vegas
  • TonyBet
  • Casino Planet

 

As online casino gaming grows, so does iGaming fraud, and it’s prudent for you to take the necessary security measures to protect your money and sensitive details. One of those ways is by using Flexepin to make safe and secure online casino payments.

 

Business

Telus prioritizing ‘most important customers,’ avoiding ‘unprofitable’ offers: CFO

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Telus Corp. says it is avoiding offering “unprofitable” discounts as fierce competition in the Canadian telecommunications sector shows no sign of slowing down.

The company said Friday it had fewer net new customers during its third quarter compared with the same time last year, as it copes with increasingly “aggressive marketing and promotional pricing” that is prompting more customers to switch providers.

Telus said it added 347,000 net new customers, down around 14.5 per cent compared with last year. The figure includes 130,000 mobile phone subscribers and 34,000 internet customers, down 30,000 and 3,000, respectively, year-over-year.

The company reported its mobile phone churn rate — a metric measuring subscribers who cancelled their services — was 1.09 per cent in the third quarter, up from 1.03 per cent in the third quarter of 2023. That included a postpaid mobile phone churn rate of 0.90 per cent in its latest quarter.

Telus said its focus is on customer retention through its “industry-leading service and network quality, along with successful promotions and bundled offerings.”

“The customers we have are the most important customers we can get,” said chief financial officer Doug French in an interview.

“We’ve, again, just continued to focus on what matters most to our customers, from a product and customer service perspective, while not loading unprofitable customers.”

Meanwhile, Telus reported its net income attributable to common shares more than doubled during its third quarter.

The telecommunications company said it earned $280 million, up 105.9 per cent from the same three-month period in 2023. Earnings per diluted share for the quarter ended Sept. 30 was 19 cents compared with nine cents a year earlier.

It reported adjusted net income was $413 million, up 10.7 per cent year-over-year from $373 million in the same quarter last year. Operating revenue and other income for the quarter was $5.1 billion, up 1.8 per cent from the previous year.

Mobile phone average revenue per user was $58.85 in the third quarter, a decrease of $2.09 or 3.4 per cent from a year ago. Telus said the drop was attributable to customers signing up for base rate plans with lower prices, along with a decline in overage and roaming revenues.

It said customers are increasingly adopting unlimited data and Canada-U.S. plans which provide higher and more stable ARPU on a monthly basis.

“In a tough operating environment and relative to peers, we view Q3 results that were in line to slightly better than forecast as the best of the bunch,” said RBC analyst Drew McReynolds in a note.

Scotiabank analyst Maher Yaghi added that “the telecom industry in Canada remains very challenging for all players, however, Telus has been able to face these pressures” and still deliver growth.

The Big 3 telecom providers — which also include Rogers Communications Inc. and BCE Inc. — have frequently stressed that the market has grown more competitive in recent years, especially after the closing of Quebecor Inc.’s purchase of Freedom Mobile in April 2023.

Hailed as a fourth national carrier, Quebecor has invested in enhancements to Freedom’s network while offering more affordable plans as part of a set of commitments it was mandated by Ottawa to agree to.

The cost of telephone services in September was down eight per cent compared with a year earlier, according to Statistics Canada’s most recent inflation report last month.

“I think competition has been and continues to be, I’d say, quite intense in Canada, and we’ve obviously had to just manage our business the way we see fit,” said French.

Asked how long that environment could last, he said that’s out of Telus’ hands.

“What I can control, though, is how we go to market and how we lead with our products,” he said.

“I think the conditions within the market will have to adjust accordingly over time. We’ve continued to focus on digitization, continued to bring our cost structure down to compete, irrespective of the price and the current market conditions.”

Still, Canada’s telecom regulator continues to warn providers about customers facing more charges on their cellphone and internet bills.

On Tuesday, CRTC vice-president of consumer, analytics and strategy Scott Hutton called on providers to ensure they clearly inform their customers of charges such as early cancellation fees.

That followed statements from the regulator in recent weeks cautioning against rising international roaming fees and “surprise” price increases being found on their bills.

Hutton said the CRTC plans to launch public consultations in the coming weeks that will focus “on ensuring that information is clear and consistent, making it easier to compare offers and switch services or providers.”

“The CRTC is concerned with recent trends, which suggest that Canadians may not be benefiting from the full protections of our codes,” he said.

“We will continue to monitor developments and will take further action if our codes are not being followed.”

French said any initiative to boost transparency is a step in the right direction.

“I can’t say we are perfect across the board, but what I can say is we are absolutely taking it under consideration and trying to be the best at communicating with our customers,” he said.

“I think everyone looking in the mirror would say there’s room for improvement.”

This report by The Canadian Press was first published Nov. 8, 2024.

Companies in this story: (TSX:T)

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TC Energy cuts cost estimate for Southeast Gateway pipeline project in Mexico

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CALGARY – TC Energy Corp. has lowered the estimated cost of its Southeast Gateway pipeline project in Mexico.

It says it now expects the project to cost between US$3.9 billion and US$4.1 billion compared with its original estimate of US$4.5 billion.

The change came as the company reported a third-quarter profit attributable to common shareholders of C$1.46 billion or $1.40 per share compared with a loss of C$197 million or 19 cents per share in the same quarter last year.

Revenue for the quarter ended Sept. 30 totalled C$4.08 billion, up from C$3.94 billion in the third quarter of 2023.

TC Energy says its comparable earnings for its latest quarter amounted to C$1.03 per share compared with C$1.00 per share a year earlier.

The average analyst estimate had been for a profit of 95 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 7, 2024.

Companies in this story: (TSX:TRP)

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BCE reports Q3 loss on asset impairment charge, cuts revenue guidance

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BCE Inc. reported a loss in its latest quarter as it recorded $2.11 billion in asset impairment charges, mainly related to Bell Media’s TV and radio properties.

The company says its net loss attributable to common shareholders amounted to $1.24 billion or $1.36 per share for the quarter ended Sept. 30 compared with a profit of $640 million or 70 cents per share a year earlier.

On an adjusted basis, BCE says it earned 75 cents per share in its latest quarter compared with an adjusted profit of 81 cents per share in the same quarter last year.

“Bell’s results for the third quarter demonstrate that we are disciplined in our pursuit of profitable growth in an intensely competitive environment,” BCE chief executive Mirko Bibic said in a statement.

“Our focus this quarter, and throughout 2024, has been to attract higher-margin subscribers and reduce costs to help offset short-term revenue impacts from sustained competitive pricing pressures, slow economic growth and a media advertising market that is in transition.”

Operating revenue for the quarter totalled $5.97 billion, down from $6.08 billion in its third quarter of 2023.

BCE also said it now expects its revenue for 2024 to fall about 1.5 per cent compared with earlier guidance for an increase of zero to four per cent.

The company says the change comes as it faces lower-than-anticipated wireless product revenue and sustained pressure on wireless prices.

BCE added 33,111 net postpaid mobile phone subscribers, down 76.8 per cent from the same period last year, which was the company’s second-best performance on the metric since 2010.

It says the drop was driven by higher customer churn — a measure of subscribers who cancelled their service — amid greater competitive activity and promotional offer intensity. BCE’s monthly churn rate for the category was 1.28 per cent, up from 1.1 per cent during its previous third quarter.

The company also saw 11.6 per cent fewer gross subscriber activations “due to more targeted promotional offers and mobile device discounting compared to last year.”

Bell’s wireless mobile phone average revenue per user was $58.26, down 3.4 per cent from $60.28 in the third quarter of the prior year.

This report by The Canadian Press was first published Nov. 7, 2024.

Companies in this story: (TSX:BCE)

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