Skip to content
Gambling

Technology Pushes the boundaries of online payments in 2024: MDC examines biometric payments

Minimum Deposit Casinos 2 mins read

WATERFORD, Ireland, Sept. 30, 2024 (GLOBE NEWSWIRE) -- A new phenomenon in 2024 is taking digital payments to the next level - biometric facial and fingerprint verification. Minimum Deposit Casinos (MDC) - a division of the OneTwenty Group – decided to analyze this technology in September 2024 and found it was reshaping how people make payments, especially at regulated online casinos.

“This is without a doubt a next-generation experience. With a simple glance or touch, players can easily verify their identity when making deposits and withdrawals. This magnifies convenience for players by eliminating cumbersome steps and long waiting periods - truly pushing the boundaries of what’s possible,” said Miranda Raaff, Head of iGaming Information at MDC.

“We’ve seen a shift in how players choose to make deposits as low as $1. With the demand for faster, more secure transactions growing worldwide, biometric payments have become a game-changer, banishing the need for passwords and PINs, and setting a new standard across the global online casino space. And this could not have come at a more prudent time, when Halloween (#1 October 2024) is around the corner.”

While speed and convenience are crucial, the security of digital payments cannot be overstated. The ecosystem is built on cutting-edge mechanics that ensure financial information is protected with the highest standards of security. Advanced military encryption methods, multi-factor authentication, and blockchain technology ensure that transactions are not only fast but also safe from potential cyber threats.

“The technology that powers this payment solution is nothing short of remarkable. Blockchain particularly adds an extra layer of protection which makes it nearly impossible for transactions to be altered or tampered with. Players can now make secure transactions in seconds without worrying about remembering passwords. It’s the future of digital payments, and it’s happening right now before our eyes,” said Raaff.

As the digital payment ecosystem continues to evolve, MDC emphasized that regulated online casinos were embracing it with open arms.

About MDC

MDC, a division of the OneTwenty Group, is a global iGaming resource portal that reviews and recommends the most trusted and regulated online casinos to players. MDC analyses every aspect of online casinos from checking gaming license details to security, responsible gambling tools, and fair gaming practices, before recommending them to players.

Contact Email: miranda@onetwentygroup.com


Primary Logo

More from this category

  • Gambling, Government Federal
  • 01/10/2024
  • 11:02
Alliance for Gambling Reform

Gambling industry showering our politicians in gifts – Hospitality offensive’ in overdrive as pollies consider gambling ad ban

Gambling companies, racing clubs and their lobbyists are showering Australian Federal politicians with gifts, tickets and hospitality as our leaders continue to deliberate major gambling reforms including a total ban on gambling advertising. Some 32 parliamentarians received 60 gifts in this session of parliament including tickets to shows, races, dinners and sporting events. And this is likely just the tip of the iceberg as only gifts worth over $300 must be declared. Cabinet Ministers and Shadow spokespeople received 25 of the 60 gifts including Communications Minister Michelle Rowland who is the minister responsible for ruling on a proposed ban on…

  • Gambling, Government Federal
  • 25/09/2024
  • 13:09
Alliance for Gambling Reform

Pope Francis saddened by sports gambling advertising – Pontiff’s warning is nowhere more pertinent than Australia

The Alliance has welcomed Pope Francis condemnation of gambling advertising in which the pontiff said he was sad to see football matches and sports stars promoting betting platforms. In a message to social justice groups, Pope Francis, expressed deep concern with online gambling and the misuse of networks, which affect not only the poorest sectors of society but all social classes. “It makes me so sad to see football matches and sports stars promoting betting platforms,” he said. “That’s not a game; it’s an addiction… taking money from people, especially the workers and the poor … it destroys entire families,”…

  • Gambling, Government Federal
  • 22/09/2024
  • 10:57
Alliance for Gambling Reform

Online gambling losses explode as PM cites excuses not to ban gambling ads – Albanese’s concern for poker machine losses disingenuous

Online betting has spiked by more than 50% in the last five years with losses now totalling $9 billion dollars, undermining Prime Minister Albanese’s comments that online gambling isn’t the problem. The Alliance for Gambling Reform’s Chief Advocate, Tim Costello said the Prime Minister has taken a chapter right out of the gambling industry’s playbook when he argued against a full ban on gambling advertising. Rev. Costello also said when NRL chair, Peter V’landys calls a gambling ad ban “extreme ideology” he is calling former Labor MP Peta Murphy and the Liberal and Nationals on her committee into online gambling…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.