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PayLucky New USA Gambling Payment Processor
Wednesday July 16,2014 : NEW U.S. ONLINE GAMBLING PAYMENT PROCESSOR
Secure Trading and First Data Corporation team up.
Secure Trading and First Data Corporation have teamed up to offer a new payment mechanism to process online gambling transactions in U.S. states where the activity has been legalised.
The partnership brings together an easy-to-use, general purpose reloadable prepaid offering, combining the compliance tools of the ST-1 solution and First Data’s PayLucky Solutions.
The result is a solution the companies claim is compliant with New Jersey and Nevada regulations and enables players to deposit and withdraw money from their accounts with licensed online gambling operators.
“We look forward to serving this new vertical and partnership with Secure Trading,” said Jonathan O’Connor, general manager for online gambling at First Data.
“Players with the general purpose reloadable PayLucky account will be able to use it to make instant deposits and withdrawals to and from their wagering accounts with licensed operators. Acceptance rates will improve significantly for internet gambling transactions, which in turn will enhance the gaming experience for authorized internet gambling operators and their merchants.”
On completion of the ST-1 registration process that verifies new players’ identification and location, or when existing players seek to make deposits into their wagering accounts, they will be offered a fully integrated process to set up a PayLucky prepaid account, providing players access to instant funding, he added.
“We are confident that this prepaid card solution will be widely embraced by licensed internet gambling operators,” said Kobus Paulsen, chief executive officer of Secure Trading Group.
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Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
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Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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