Sunday, July 17, 2011

NFC Technology sets its sights on credit card fraud

"It's mainly the technological intelligence and the complexity that are in our payment solutions that excites our prospective clients,” says Sightline Payments CEO Kirk Sanford. “Naturally, when you add a proven and experienced team to the product mix it is bound to be successful."

As credit card fraud and other identify theft continues to be a huge issue, costing companies and clients upwards of 200 billion dollars annually, Sightline Payments, already a gaming industry leader in secure cash transactions with their software suites, ATM kiosks and check warranty services, is sure to be a large player when it comes to new mobile technology.

Through technology and processing partners, hundreds of millions of mobile subscribers in the US will soon be able to use their smart phones to complete transactions quickly and securely while having the freedom to choose the financial instruments in their mobile wallet and subsequently make a transfer into their pre-paid account for gaming entertainment. Additionally, gaming patrons would likely enjoy mobile-authenticated payments for less fees, as opposed to very high fees for traditional cash access services, all while creating strong responsible gaming considerations because it is a budgeted prefunded account.

Saturday, July 16, 2011

Mobile money: The Future is coming soon.

As all the talk of mobile payments and smart phone technology buzzes louder and louder, how this will apply to the gaming industry is obviously a prime focus of Sightline Payments. Given the recent announcements from Google, Apple and other technology leaders, this near-field communication technology (i.e., swiping a cell phone screen across a scanner in lieu of a credit or debit card) will be here sooner than later.

As Sightline Payments CEO Kirk Sanford has said, “Through our technology and processing partners, hundreds of millions of mobile subscribers in the US can one day use their mobile phones to complete transactions quickly and securely while having the freedom to choose the financial instruments in their mobile wallet and subsequently make a transfer into their pre-paid account for gaming entertainment.”

Carriers and credit-card companies like Visa and MasterCard are embracing near-field communications, and NFC is already found in credit and debit cards, and can be accepted at drugstore chains and gas stations. Companies now rely on NFC stickers or memory cards with an NFC chip inserted into mobile phones.

With their experience in cash access solutions for the gaming industry, Sightline Payments looks to be an industry leader in NFC.