SUMMER RETREAT 2003:
RISING TO THE
CHALLENGE
5 / 6 JUNE 2003
TYLNEY HALL | HAMPSHIRE | UK
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SUMMER RETREAT 2003 RISING TO THE CHALLENGE: the use and regulation of payment systems in online and mobile gambling 5-6 June 2003 | Tylney Hall | Hampshire Comments from attendees: Good value for money - the most important aspects to me were the legal position in the US. Stephen Macartney, Head of Direct Sales,Streamline International Royal Bank of Scotland Group The retreat was excellent, I enjoyed it immensely. Professor Neville Topham The "retreat" aspect - being away from the city, in an environment conducive to discussions was very useful. Thanks for a good retreat - well organised and extremely professional Fatima Capitao Infinia.com I really enjoyed it and the contacts were great. Gord Herman, President and CEO, Neteller The future of payment systems in online and mobile gambling is the single most important issue facing the industry. Transparent systems, with a clear audit trail, are essential both for business efficiency and regulatory control. Fears about online fraud, vexatious litigation and political pressure have led to many of the major US banks withdrawing from the market. Some alternative payment providers such as PayPal have also withdrawn from the market.The Leach Bill proposes a blanket ban on the use of financial instruments in ‘illegal’ gambling. So what is the way forward for a regulated industry that will be socially responsible and free from organised crime and money laundering? Leading national and international players from the credit card prossors, operators, legislators, regulators, payment system providers and advisors will come together to identify the problems and chart out the future. The aim of the retreat is: 1. To provide a framework within which intensive discussion can take place. 2. To facilitate the development of practical, regulated transparent payment systems. 3. To examine how to manage the conflicts created by differing regulatory approaches.
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