Skrill (Moneybookers), the London based online banking company, has formed a partnership with the Germany based e-ID company, Cybits to make use of their revolutionary online age identification system, Verify-U.
The partnership, which was subject to the purchasing of â‚¬985 000 worth of Cybit shares, took effect towards the end of December 2012 and is one both companies feel will benefit them equally. This is due to the fact that Cybits will now be able to extend its reach to countries outside of Germany and Skrill will have gained exclusive use of Cybits age verification solution, Verify-U which will be focused, for the time, predominately on the heavily regulated German online gambling market.
Together, Cybits and Skrill (Moneybookers) intend to supply all online casinos with a complimentary interface, which will allow them to verify a users age, before any transactions are made, thus ensuring that no unfortunate occurrences affect the casino, especially as they are being strictly monitored by the government.
The partnership will combine Skrillâ€™s skills as a leading e-Banking company with Cybitâ€™s software and allow both parties to ensure a modern, fast and convenient age verification system is available to all online casino operators as well as any online shops that may need it.