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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 :
Michael Myers is back in Halloween Slot Machine -
Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.
Joe Fortune new Rewards Program -
Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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