A Lateral Approach to Enhanced Security and Flexibility

Lateral Payment Solution’s presence at ICE Totally Gaming once again reaffirms its longstanding position as the “one stop” Level One payment provider within the iGaming sector.
The last 12 months have seen many gaming operators face increasing challenges within the payment sphere, not least in the area of PCI compliance and specifically in the management and the storing of sensitive card data. High profile security breaches in recent months have reinforced the view that failure to have the correct systems in place can have disastrous consequences for an E-commerce business.

Ian Vidamour, Director at Lateral Payment Solutions said: “We fully understand that achieving the highest level of compliance is a costly and unwelcome distraction to many of our clients. Some feel that their expertise and resource should be more focussed on the core objective of increasing revenues. The Lateral Payment Solutions Data Tokenisation solution removes this storage burden and allows the de-scoping of the cardholder data within the merchant environment. This makes it easier to attain full PCI compliance, which is becoming a prerequisite to banks within the Lateral Payments Global Acquirer Platform.”

The Lateral Payments Global Acquirer Platform provides merchants with secure and certified connectivity to around 90 leading acquiring banks across 30 countries. This allows operators to seamlessly route transactions across multiple acquirers. Ian goes on to say: “The recent enhancement of our bank switching software has given clients even greater flexibility and more control within their payment processing infrastructure. Along with our extensive range of local payment options, we want to provide our clients with all the tools possible to succeed in a sector where deposit acceptance rates continue to be scrutinized.”

Lateral Payments was established in London back in 2001 to serve the complex and very specific payment processing requirements of the iGaming sector. Other services within their portfolio include Merchant Account set up, comprehensive Alternative Payment options such as E-Wallet and Prepaid systems as well as real-time KYC Verification. Connectivity to multiple pay-out solutions like Wire Transfers, SEPA, BACS, and Faster Payments are also available.
For more information on alternative payments, head over to our dedicated page here.