BankID is one of the latest payment innovations in the world of online gaming that’s slowly being introduced by a number of top-notch casino operators. Electronic identification has long met the official requirements that apply to identity verification and binding electronic signature which become even more convenient through BankID to make the registration process at online casinos ever so simpler for players.
Simple and completely secure, BankID is being widely used in the Nordic region – Norway and Sweden in particular with Germany soon to follow suit by introduction the same practice throughout the country’s online gaming market.
Development of BankID first commenced as early as 2000 in Norway. The first customers received their BankIDs in 2004 when BankID Norway AS was established. Its Swedish peer – Finansiell ID-Teknik BID AB – is another notable BankID company which has most recently become a supplier to the public sector in Sweden after reaching an agreement with the Swedish E-identification Board.
In shortest terms possible, BankID is a personal electronic ID used for secure identification. It replaces your driving license, passport or bank cards online casinos require to be submitted in the identity verification process and it also shortens the registration process significantly.
The first company to incorporate the BankID system in their money management was Trustly – a Swedish online payment provider – thanks to which the players who visit a certain casino can go straight into the lobby and on to their favourite game while your selected bank and casino complete the account registration process in the background, without disturbing you while playing.