IGSA launches Payments Standards Committee

The International Gaming Standards Association (IGSA) is inviting the gaming industry to join its new Payment Standards Committee.

Among the first members of the fledgling committee are Aristocrat Gaming, AXES.ai, Oregon Lottery and Playtech.

The committee aims to create a series of standards governing online, mobile and other payments for all segments of the global gaming industry. The IGSA said that it will explore all avenues of payments to ensure that regulators have world-class, clear guidance on how to ensure their jurisdiction is protected at the highest level against fraud, theft, and other illicit activities.

“Regulators from all over the globe are constantly asking for guidance on how to create a safer payments landscape for their operators,” said Peter DeRaedt, president of IGSA.

“This committee will assure our members that we will protect our industry. I am proud of the board of directors to have embraced this project so rapidly since the arrival of our new chairman, Earle G. Hall. Earl’s quest is to ensure payments are a shining source of new revenue for our industry whilst protecting the regulators and operators with a world-class standard. We invite the industry to join us.”