Member Article

VCode technology revolutionises i-gaming credit redemption services

Manchester-based VST Enterprises has announced its partnership with digital credit redemption provider, Gift-Pay, to offer protected, traceable and instantaneous transactions across the international i-gaming arena.

The collaboration will see Gift-Pay utilise VST Enterprises’ unique scanable symbol technology, VCode, as a means of allowing customers to speedily, securely and legally obtain their winnings without delay or fear of fraudulent pay outs.

Gift-Pay will sell VCodes – or ‘VGifts’ – to gaming operatives and will have a payment schedule assigned to it. The person interacting with the scanable code simply needs to provide their unique user ID associated with the operative in order to gain access to their funds.

Louis-James Davis, CEO of VST Enterprises, comments: “Despite the strides made in digital payment systems, credit redemption remains problematic. Prepaid debit cards can often be difficult to redeem, and repayment laws in certain countries divert payments through credit approval houses, which slow down transactions.

“In response to these issues, we have partnered with Gift-Pay to offer a comprehensive solution for the i-gaming industry. When businesses buy a VGift from Gift-Pay, they’re able to offer instantaneous credit transactions worldwide, which are legal and uninhibited by credit approval houses.”

Gift-Pay offers total transparency and traceability for clients and end users. Unlike any other payback method, VGift allows a business to see when the payment request has been made.

An email is sent to the winner informing them that they can claim their credit and can only do this by downloading the VCode app to their smart device, logging on by matching their unique user ID in the VPlatform portal and verify the correct and corresponding bank account details. This allows all parties to safely and securely request and deliver payment with the visibility required.

Davis continues: “We are thrilled to be expanding our product’s range of applications and team up with Gift-Pay. I-gaming consumers need to rely on a solution that offers both the security and convenience they’ve come to expect from online gaming.

“Importantly, only our VPlatform server can generate a valid VCode or VGift, which protects against data leaks and fraudulent transactions. In addition, credit redemption can only take place once a user’s ID, geographical location and security parameters have been factored by the VCode app, which is ideal for protecting international transfers of credit and boosting the Know Your Customer (KYC) provisions.”

Adrian Pegler, co-founder of Gift-Pay adds: “We at Gift-Pay are delighted to partner with VST Enterprises on such an emerging digital payment market. With offices in both Manchester and Singapore, we endeavour to supply a global payment solution and the VGift application is helping us to revolutionise this rapidly developing solution.

“The initial feedback has been extremely encouraging and we look forward to welcoming new and old clients to engage with this innovative payment process.”

For further information on VST Enterprises, please visit www.vstenterprises.com or to download the app, visit the App Store or Google Play.

This was posted in Bdaily's Members' News section by Jessica SImm .