Excerpt

PlayCherry Stops Fraud €50,000 At A Time

iovation helps the online gambling operator keep chargeback levels low, and bonus abusers out.

Magdalena Gniadzik-Johansson, Head of Payments and Fraud at PlayCherry Limited, had a bad feeling about a group of new accounts.

“It was all too clean,” says Johansson. “Our payment processors didn’t detect any risk, but we noticed suspicious patterns. They all played the same high-stakes games with the same large bonuses.”

After tracking these players’ seemingly separate devices for several days, Johansson and her team connected them as a sophisticated group of bonus hunters capable of raking in tens of thousands of euros if left unchecked.

“These individuals weren’t afraid of gambling with big money,” explains Johansson. “If they won, they would win a lot.”