The statistics show this incorporates three million people, who are first-time gamblers. A number of them are supporting Team GB for medals and are betting on Olympic hopefuls Mo Farah, Dai Greene and Jessica Ennis.
David Stevens of Coral said: “Turnover across the industry could top £50m, with one in eight of those we questioned saying they would be enjoying a flutter on the Games.
“British sport is on a high, with Andy Murray reaching the Wimbledon final and Bradley Wiggins becoming the first British winner of the Tour de France.”
]]>In 2011, Schleswig Holstein passed legislation to permit regulated sports betting online. There are further plans by the state to allow poker and casino games later in 2012. The move to allow eGaming is a departure from the policy of the other fifteen German states and will allow people across Germany to gamble online.
The state has no plans to limit the number of operators who can have licences, provided that they meet the regulations. Operators will pay 20% gross profits tax from revenue derived from the German market.
]]>Since 2008 the UK Border Agency has had the power to fine companies up to £10,000 for each illegal worker employed. The research conducted by Giant showed that failure to identify such candidates has cost a total of £65.3 million over the last 4 years.
Matthew Brown, MD of Giant, said: "The compliance burden on employers and recruiters can be extremely high, particularly as many of them still rely on manual, paper-based identity checks, which are costly to administer and prone to error."
To find out more about 192business’ identification document checking technology click here
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The study, which was conducted for Experian by the International Fraud Prevention Research Centre and included survey data as well as insights from online retailers and the Office of National Statistics, revealed that 44 per cent of UK shoppers have abandoned at least one online shopping transaction in the last year having become frustrated with the length and complexity of certain older forms of identity verification.
Older forms of online identity verification, typically complex, standalone systems drawing on single sources of information to corroborate identity information, are unable to validate as many individuals electronically as modern services. As a result, genuine customers might be forced to call a contact centre, submit physical documents through the post or visit the store or branch to confirm identity. Alternatively, the organisation might choose to accept a lower level of proof, and risk higher levels of fraud, in order to minimise customer inconvenience.
Nick Mothershaw, UK Director of Identity & Fraud at Experian, comments: “The UK’s lost billions from inefficient online identity and security measures is a price that doesn’t have to be paid given that technology now enables incredibly robust identity checks to be undertaken almost instantaneously.
“Older forms of identity verification – which draw on limited information or out-of-date data, cannot instantly validate as many genuine customers, and don’t provide extra assurance from interactive questioning or the checking of previous identity fraud intelligence – require organisations using them to prioritise security or customer convenience.
“Those using less efficient identity checks can benefit significantly by upgrading to newer tools, which enable improvements in security levels and faster, less onerous checks.”
Professor Paul Barnes, Director of the International Fraud Prevention Research Centre, commented: “Depending on the reason for the identity verification check, our tolerance during a transaction varies greatly – and can be as short as a 60 second window. With millions potentially being lost from the key industries in the UK, it is vital that this issue is addressed as soon as possible.”
]]>"It is not the Scottish government's intention to criminalise honest solicitors who make genuine errors in applications for registration."
£1 billion is the current estimated amount that mortgage fraud costs the UK economy and occurs when fraudsters take out a mortgage for properties or land under false pretences and then skip payments. This is sometimes in conjunction with help from a corrupt solicitor.
The concern is that the new Bill does not give guidance to solicitors.
Conservative MSP Murdo Fraser, a member of the Law Society of Scotland and convener of Holyrood's Economy Committee, told the Scottish Parliament that the Bill contains no detail on how a solicitor can avoid being prosecuted for "recklessness".
Find out about 192business ID verification solutions for solicitors and law firms.
Nottingham, 01 March 2012 — Experian®, the global information services company, today announced that it has completed the acquisition of 192business Limited, a leading UK based provider of online identity verification services. 192business will form part of Experian’s Decision Analytics business line.
The acquisition further enhances the range of identity verification and fraud prevention services Experian is able to offer clients and strengthens its position across a number of rapidly growing vertical markets in the UK.
It also provides a platform that Experian can use to deploy new services globally. The services 192business provides are used by many of its customers internationally and can be rapidly extended to new geographies.
Launched in 2002, 192business helps organisations to verify and manage the identity of their customers online in order to minimise fraud and risk. Increasing regulation, the rise in fraud globally, growth in e-commerce sales and the move from traditional offline identity checks to online checks are all contributing to growth in the identity verification market.
192business provides organisations with identity verification, including personal data verification, fraud screening, online document verification and voice verification. It services a wide range of sectors, such as e-commerce, insurance, utilities, retail, finance and legal services, and has over 1,000 clients worldwide. Clients include Halfords, The Money Shop, Panasonic, ScrewFix and PKR.com.
Gary Wood, UK& I managing director for Experian Decision Analytics, comments: “The combination of 192business’s technology and Experian’s data and analytics will help our clients in the UK and around the world to more effectively and efficiently establish the identities of genuine customers. We look forward to working together to drive greater innovation and insight for our clients.”
ENDS
James Taylor
Experian Public Relations
+44 (0)115 99 22650
james.taylor2@uk.experian.com
About Experian
Experian is the leading global information services company, providing data and analytical tools to clients in more than 80 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2011 was US$4.2 billion. Experian employs approximately 15,000 people in 41 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
For more information, visit http://www.experianplc.com
The information which came from a survey of card issuers in Germany, the UK, Ireland, the Netherlands, Poland, Switzerland and Turkey shows a departure by fraudsters from traditional credit card fraud methods.
In 2008-09, card present fraud accounted for 60% of the total European fraud. The way that fraudsters are operating has changed with the advent of chip & pin technology which has forced many fraudsters online.
“Our analysis of the data shines a spotlight on the tremendous change that has occurred in Europe’s fraud landscape,” said Martin Warwick, FICO’s Fraud Chief in Europe, the Middle East and Africa. “In response, criminals are operating across borders, targeting countries such as Germany that have weaker detection and prevention capabilities, and shifting their attention to card-not-present schemes such as online fraud.”
In fact, the survey confirmed that more than half of consumers (53%) will avoid in-store travel agents when researching and booking hotels, travel tickets, or holidays.
Mobile as a channel is playing an increasing role for holidaymakers nowadays with 68% of smartphone owners using their mobiles when planning to travel or go on holiday with most preferring to use mobile optimised sites or apps.
Derek Eccleston, Head of Research at eDigitalResearch, explains, “The travel industry has faced some turbulent times in recent years. A good multichannel strategy will be key for companies looking to grow in 2012, especially as our survey showed that 34% of consumers will use the internet more when booking and browsing for their next holiday, whilst 10% of mobile users said that they would use their smartphone more to do the same”.
Andrew McClelland, Chief Operations & Policy Officer at IMRG, commented: “These figures show that consumers want to use the online resources at their disposal in their own time and on their own terms, with 53% saying that they actually avoid in-store travel agencies altogether. With confidence in researching and purchasing travel through the mobile channel also growing, it seems clear that travel agencies’ physical stores need to look at innovative methods for bringing online technology in-store in order to increase footfall, ensuring that consumers feel they have options available to them and an increased sense of control over the process.”
Read more about how 192business is helping travel agents, airlines and hotels to ensure their online booking process is safe and is protected against fraudulent bookings and chargeback costs.
Tweet“38% of merchants now have a dedicated mobile website and 26% have their own app. But just a quarter of those merchants are tracking fraud originating on their mobile site and only 16% are tracking fraud through their mobile apps” said Dr Akif Khan co-author of the report.
The report also highlighted that some 61% of merchants manually check online orders, a reduction of 10% in the last two years. The two major concerns for merchants were the fear of turning away legitimate customers and the time taken the manually review the orders.
For more information about how 192business and our Transaction Decision products please contact us: id@192.com
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