The new Secure 3D is a “secure code verification” system, which cardholders will have to join up for the “Mastercard Secure Code Service”. If they don’t, their transactions will be refused. The system is not complicated, similar to having a ’chip and pin’, just online. Effectively, it is a password. Now, that all seems innocent enough, and easy enough too. However!! Where the Mastercard plan becomes less than masterful, is that not all the banks have agreed to go along with the scheme. This means, if your bank is one of them, you have two choices. Abandon Online Bingo, or abandon your bank! Lol! Without doubt, this could cause a major ‘glitch in the program’ for online operators.
Of course, it’s not expected that people will abandon Online Bingo, most will go find a bank that has joined up. However, that could take time, and so it looks like it, inevitably, revenue will be lost. Akin to the land based Bingo Halls, smaller Online Bingo Operators will be sure to feel the blow the most. As to what extent the damage will be, or even if there will be any long term affects, it is impossible to predict. Although it is possible to hypothesize. So far, the Online Bingo Operators have, pretty much, had it their own way. This looks like the first glitch they have had to deal with, so far. Even so, they say things come in threes… it did for the Bingo Halls. Let’s just hope, the kill joys down at Westminster, are satisfied with their spoils so far. Lol
This was an article by Lisa for Bingo Faces on Online Bingo
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