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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 :
US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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