AU10TIX: 20 EU countries Tighten Regulations on Online Gambling Payments and Security Making Effective ID Authentication & Onboarding Technology Imperative

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Pact signed by regulators from 20 of the 28 European Economic Zone countries addresses payment and verification, addressing better ways to supervise and coordinate anti money laundering and fraud and protection. AU10TIX sees inevitable implementation of 2nd generation ID authentication technologies to be able to demonstrate effective compliance while maintaining operating efficiency and minimizing customer onboarding friction

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Online gaming needs 2nd generation ID authentication and fast-track onboarding technology. This technology generation is the only one offering both multi-factor authentication fast turnaround and superior success rates with sub-optimal ID image qualities.

An EU statement indicated that the 7 million citizens of the Eurozone who gamble online are "vulnerable to financial and identity fraud, or privacy breaches," and that "gambling service providers can also be exploited for unlawful ends" including money laundering. Under the agreement, regulators from European Economic Zone countries will address payment and verification. The pact also covers how to best supervise and coordinate compliance with various national laws preventing money laundering and fraud and protecting consumers (Source: Many gaming companies still use manual or semi-manual ID authentication and screening practices that already cost expensive overhead and drive considerable customer abandonment due slow and fractioned to customer onboarding and qualification. AU10TIX, the leader in ID authentication and onboarding technology, sees the implementation of 2nd generation ID authentication technology imperative to survival and growth in the increasingly competitive and regulated marketplace.

“Online gaming has been slow to introduce effective customer ID authentication and onboarding technology”, says Ron Atzmon, Managing Director of AU10TIX: “Unlike payments, money transfer, lending, remittance and other regulated verticals online gaming companies still rely on manual back-office work, at the most with some semi-automation. This is most likely to end. And sooner rather than later. And it’s not just because f regulations. It’s just as much about conversion success rates and operating efficiency“.

“Online gaming needs 2nd generation ID authentication and fast-track onboarding technology”, says Ofer Friedman, VP Marketing of AU10TIX: “This technology generation is the only one offering both multi-factor authentication fast turnaround and superior success rates with sub-optimal ID image qualities. It is unparalleled in the ability to show regulators exactly how customer passed ID authentication. It is unparalleled in opening up the customer acquisition pipeline. And it changes back-office cost-efficiency. Those who implement this technology sooner will benefit from a valuable competitive edge.“

About AU10TIX
AU10TIX Limited, a fully owned subsidiary of ICTS International N.V, deals with the authentication and digitization of identifying documents including Passports, identity cards, driving licenses and other complementary identifying documents. The company specializes in implementing hardware & software based applications used for scanning, identifying, content retrieval, authentication and validation of identifying documents. AU10TIX is a pioneer of all-channel (front-end and online) ID authentication and processing solutions. The company's products drastically reduce identifying document-based fraud, reducing the costs associated with client processing and enabling effective regulatory compliance, while making the sales and support operations speedier and considerably more efficient.
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About ICTS International N.V.
ICTS specializes in the development and implementation of innovative security concepts and solutions designed to meet the needs of a variety of industries, mainly aviation transportation, border control and sensitive facilities. ICTS International benefits from over two decades of expertise and international operational experience in transportation security, with a particular emphasis on high-risk environments, passenger processing transactions and the integration of security services to provide a comprehensive security solution. It also offers a wide variety of customized training programs, tailored procedures and a wide range of security consulting services. The company has developed and implemented unique technological solutions, based on its comprehensive approach to security, designed to enhance the level of security while accelerating the security check process.
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This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company’s business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the Company, may cause the Company’s actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company’s expectations or future events.

Ofer Friedman, VP Marketing
Email: ofer.friedman(at)au10tix(dot)com
Tel.: +357 (22) 007698

ICTS International NV
Alon Raich
Email: mail(at)ictsinternational(dot)com
Tel.: +31-20-716 3421

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Ofer Friedman
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