To: fearless who wrote (1353 ) 9/4/1998 9:19:00 AM From: Mr. Miller Respond to
Yes, there are other entities like Monacard, and we have queried Skinner about them. There are no structured accounting services available for the online gamer to trust. It is amazing in one sense that online gaming has grown to where it is now without a system like WINR. All the other systems offer a way to get money in, but none offer a respectable way to get it back to you. The point of WINR was to get a system backed by very large and credible financial institutions. This could be duplicated, but the backing WINR has is arguably the best in the world, so other systems couldn't be backed by much better institutions. The debit card offers the customer easier access to the cash and added benefits of use for everyday purchases as any other debit card. The multicurrency option makes life easier for the customer to not have to go and cash it in for US Dollars, which are then sent to the casinos. All current casino operators' financial backers take US Dollars only. WINR can make life alot easier for the casino operator's customers. The credibility of the financial backing will allow people to feel safe in sending money. This is a concern which is evident in most articles on online gaming and e-commerce in general. Other aspects of the system that are beneficial include legal issues and detailed transaction history. The legal issues are obvious; the transaction history is yet another way to help the customer keep track of their own activity and have a hard copy of what they have done in the case of disputes. This is the essence of "no competition."
