Ålands Penningautomatforening (PAF), Finland-based online casino provider, is teaming up with Ethoca, a fraud management company, to create a safer environment for e-commerce.
In addition to fraudulent chargebacks, the pair is seeking to halt other deceitful or strategic activities such as chip dumping -- when a player strategically loses to benefit other players.
"As a gaming company, fraud is far more than a chargeback,” Marko Hietala, head of fraud and forensics for PAF said in a prepared statement. “It is any unwanted activity that threatens our bottom line and impacts the integrity of the environment of our loyal players.”
“PAF has been building a powerful internal fraud team to tackle these activities, and we see Ethoca as the perfect partner to keep chip dumping at bay," Mr. Hietala added.