How is open banking helping responsible gambling

Why is responsible gambling important?

Responsible Gambling, also known as Safer Gambling, is a set of social responsibility initiatives by the gambling industry and governments to protect vulnerable players, including low-income groups and individuals below 18 years old, from gambling-related harm, such as addiction. Responsible gambling is a legal responsibility of gaming operators who are obligated to ensure they can protect players from gambling beyond their means.‍

The reason why old methods don’t work

Before alternatives such as Citizen were developed, players had to use traditional payment methods to deposit their money and play, such as cash or via a credit or debit card. However, depositing funds in this way lacks transparency.‍

Open banking promotes responsible gambling experiences

Open banking is bringing greater transparency to the iGaming industry. With the help of trusted third-party payment providers who use technology underpinned by open banking, gaming operators are able to access a player’s data in real time.‍

Citizen and the iGaming industry

Citizen is an account-to-account payments company based on open banking technology. From the beginning, we’ve been working closely with iGaming operators to support them to operate compliantly. Our instant cardless payments use our banking partners’ biometric security checks — allowing iGaming operators to verify account ownership using real-time data straight from a player’s bank to deposit or withdraw funds, in under one minute.‍

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Citizen

Citizen

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Citizen enables instant, cardless, account-to-account payments via their payment solution platform, PayBlox. https://paywithcitizen.com