LONDON--(BUSINESS WIRE)--MiFinity Payments (formerly NXSystems), a global payments provider that serves the travel, hospitality and gaming industries, as well as large multinational companies that need to serve many different payment needs in one place, announced today that it has launched a digital wallet solution for the gaming industry. With the MiFinity E-Wallet solution, companies can electronically send money from anywhere in the world – to any location in the world, with the push of a button – or swipe of a screen.
The gaming industry, particularly online and mobile gaming, has a myriad of challenges, including the high-risk “tag” due to potential for fraud and money laundering, varying legal issues for different geographies, and the overall need to provide a seamless and flexible way for gamers to deposit and withdraw funds with speed and ease.
The wallet platform is powered by MiFinity’s comprehensive payment and settlement options available on its existing platform. Wallet-holders can load funds or disburse withdrawals using any Visa®, MasterCard® or China UnionPay credit, debit, prepaid, or virtual card using MiFinity’s existing PayAnyCardTM and PayMyCardTM products, settle to bank accounts across the globe with lower, local rates using the Global Bank Settlements product offering and MiFinity’s vast network of banking relationships, and protect their transactions with the company’s secure Tokenisation Solution. The E-Wallet product also includes many authentication and fraud monitoring controls, including KYC and real-time monitoring, as well as comprehensive reporting capabilities at both the detailed transaction level and from a holistic business viewpoint.
“Although all gaming sites generally have a means of moving money throughout their site, often the experience is clunky and inefficient for the user, and causes high fees for the provider due to the need to use multiple payment vendors,” said Gay Hamilton, Chief Operations Officer at MiFinity Payments. “MiFinity is the only company to offer a wallet solution specifically for the gaming industry. With MiFinity’s E-Wallet, there is only one source of service, enabling gaming operators to offer a seamless and flexible experience to their end users, while streamlining their own costs and processes.”
The company will be debuting the product at the ICE Totally Gaming Conference in London, February 2-4, 2016.
For media inquiries, to speak with a company executive, or schedule a meeting at ICE Totally Gaming, please contact Karina Castano in the US at +1.305.749.5342 x240 or Vanessa Horwell in the UK at firstname.lastname@example.org or +44 20.3807.3735.
About MiFinity Payments
MiFinity Payments (formerly NXSystems) is a global payment solutions provider with offices in the US, UK, Ireland and Malta. The company provides secure, cost-effective payment products for global companies including those in the gaming and travel industries. MiFinity Payments is regulated by the UK Financial Conduct Authority and currently holds a full European E-Money licene. The company is an approved issuer of plastic cards for Visa®, MasterCard® and China UnionPay. MiFinity Payments is PCI DSS regulated so gaming operators, travel companies and multi-national entities can ensure their payments operate in a safe, controlled and regulated environment. Visit www.mifinitypayments.com for more information.