Hello, BFI and all 2p2! I am considering the importance and value of starting this thread. At the very least, the online gambling community is safer. If my highest expectations are met, this blows up in NVG, and some of us get rich.
Capinfo and PayEase are now the biggest players in the offshore payment processing world. Within the past year or more if you have used a credit card to deposit on 5Dimes, BetOnline, WPN (Black Chip, ACR), GTBets, Sportsbook.ag, Sportsbetting.ag... the list is extensive to say the least, then you have probably seen Capinfo or PayEase as the descriptor.
These processors have been hugely compromised. If either of these companies have your card information, chances are high that you have or will experience fraudulent charges. At this point, I'm not speculating on the how or why this is happening. Of course there are multiple scenarios ranging from a rogue employee with data access or a systemic intent on the part of company executives to operate this level of fraud.
As to why this is in BFI:
Firstly, it turns out that PayEase and Capinfo are related (
Business Wire, 2015). Capinfo is a publicly traded company on the HK exchange. This is one of those penny stocks where you can cover at zero. The question is how. With limited searching, I have not found a broker that will allow me to short Capinfo (HK: 1075). Are there funds or ETFs somewhere with a heavy position on Capinfo? Are there other publicly traded companies in this space to consider which will do well once PayEase and Capinfo are tits up?
I appreciate the community's specific insight on how we can take advantage of this and make some money.
*Note that any casino companies mentioned above are not implicated, and I believe all minus one or two are particularly stand up businesses, industry leaders even. AFAIK all responsibility lies on the cc processors.