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Foghorn Payments Delivers Ontario-compliant iGaming Payments Solution – and Introduces Responsible Payments
Payment service provider, Foghorn Payments is pleased to announce a new Ontario-compliant iGaming payments solution. Foghorn’s Interac™ Express Debit solution makes it quick and easy for Canadians to pay directly from almost any financial institution. Beginning today, the enhanced solution incorporates name matching requirements from the Alcohol and Gaming Commission of Ontario (AGCO).
Foghorn has also introduced Responsible Payments, and is fully compliant with relevant Responsible Gambling Council (RGC) Payment standards. iGaming payments have been challenging for players and the industry, relying on expensive cash advances from credit cards or requiring secret bank information to be exposed to third-party “bots” that can cause security concerns.
“Responsible gaming starts with Responsible Payments,” said Mike Bradley, Founder and CEO of Foghorn Payments. “We offer safer, sustainable options that benefit both players and the industry. Many customers may not be aware that they are violating bank agreements and voiding protections by providing secret bank information to third party bots. Credit cards are expensive and can lead gamers to risky financial outcomes.”
Foghorn Payments allows players to pay safely and simply – right from their choice of bank account. The solution is integrated directly into the Canadian financial system, with passwords and secret questions provided only to their bank, not to a payments processor. The new features implemented by Foghorn are designed to reduce fraudulent transactions, ensure AGCO compliance and support Responsible Payments for customers.
Foghorn Payments supports secure, reliable and scalable real-time payments online, allowing Canadians to pay securely and directly from their bank accounts when making purchases. Payments are completed easily from almost any financial institution in Canada – using checkout buttons for web and mobile payments. Foghorn Payments leverages multiple layers of bank-grade security and the highest standards for risk management by using one of the most secure money transfer services globally.
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KAST Appoints Former Binance Global Communications Leader Brad Jaffe as Chief Communications Officer
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