Norwegian credit cards in security scramble / News / The Foreigner

Norwegian credit cards in security scramble. Norwegian bank and credit card customers are unwillingly being subjected to a financial headache for legal reasons. In an effort to stamp out addictive gambling, card payments to gambling companies not preapproved in Norway are routinely refused. It may work in some cases, but creates problems of a different kind. The computerised payment system doesn’t differentiate between everything associated with gambling, whether it’s Internet, cruise ship, or hotel casinos. “It’s obviously and issue when authorities pass a new law that makes it impossible for Norwegian card users to pay for a room in a hotel with a casino. In order to solve it, the merchant has to enter into several agreements with us to differentiate revenues,” Torstein Lind-Isaksen, director of VISA Norway’s banking group tells DagensIt.no.

gambling, norsk, tipping, credit, cards, money, nordea, casinos, ships, internet, addiction, security, problem, cash, prevention, foreigner, bank, accounts



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Norwegian credit cards in security scramble

Published on Monday, 28th June, 2010 at 17:10 under the news category, by Michael Sandelson   .

Norwegian bank and credit card customers are unwillingly being subjected to a financial headache for legal reasons. In an effort to stamp out addictive gambling, card payments to gambling companies not preapproved in Norway are routinely refused.

Nordea Cards
Nordea Cards
Photo: Nordea


Powerless

It may work in some cases, but creates problems of a different kind. The computerised payment system doesn’t differentiate between everything associated with gambling, whether it’s Internet, cruise ship, or hotel casinos.

“It’s obviously and issue when authorities pass a new law that makes it impossible for Norwegian card users to pay for a room in a hotel with a casino. In order to solve it, the merchant has to enter into several agreements with us to differentiate revenues,” Torstein Lind-Isaksen, director of VISA Norway’s banking group tells DagensIt.no.

Both VISA and several banks say they’re aware of the problem, but are powerless to help. They also criticise the less than one-month-old law compromising customers’ security by making them take cash along as a backup.

“We recommend people use their cards abroad as it’s safer. It also allows us to help them better if something happens,” says Nordea’s head of communications, Rune Sjøhelle.

Ineffective

The regulation does little to stop hardened, addicted gamblers, according to Sjøhelle. It’s relatively easy to avoid, doesn’t affect those it was designed to, and acts more as a speed hump for Internet gamblers.

“Getting a foreign bank account only takes a couple of minutes for those who really want to,” he says.

Neither Norsk Tipping, nor Unni Tonstad at the PTS, an interest group for family members affected by gambling, think there’s much point to it.

“If you’re first addicted and are determined to play, finding a way around the law is easy,” she says.



Published on Monday, 28th June, 2010 at 17:10 under the news category, by Michael Sandelson   .

This post has the following tags: gambling, norsk, tipping, credit, cards, money, nordea, casinos, ships, internet, addiction, security, problem, cash, prevention, foreigner, bank, accounts.





  
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