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New Credit Card Codes For Online Gambling
Wednesday April 15,2015 : NEW PAYMENT CODES BRING HOPE TO U.S. OPERATORS
Friday could see a game-changing development in credit card processing.
The three US states that have legalised online gambling, Nevada, Delaware and New Jersey, are probably hoping that changes in the credit card system due to be implemented this Friday (April 17) will make their lives easier and business better.
One of the hurdles facing legal operators in the States has been the reluctance of credit card processing companies to handle online gambling transactions, a backfire from the Unlawful Internet Gaming Enforcement Act, which was designed to disrupt player-casino financial transactions and has proved successful in doing just that.
After representations by regulators and operators, major companies like MasterCard, Visa, American Express and Discover are reportedly taking a more realistic view of the problem, and are set to introduce new Merchant Category Codes for legal online gambling transactions.
The adoption of the new codes rests with the individual banks issuing the credit cards, but it is anticipated that the take up will be good, improving the convenience of depositing for players at online gambling and lottery sites, and reducing the incidence rejected deposits which has been slowing down the legalised online industry.
According to a recent article in Casino Enterprise Management, there will be three new codes: state-operated online lotteries (7800); state-run online casino games (7801) and state-managed online dog/horse racing (7802).
Gambling News :
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
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