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Credit card fees are illegal, says lottery spokesperson

The row over New York Lottery credit card subscribers being charged fees by Mastercard  heated up again this week, with a lottery spokesperson describing the imposition of fees by Mastercard as ‘illegal’.
 
Spokesperson Jennifer Givner told Associated Press that since June 1, MasterCard users have been billed as if they were taking cash advances. She said that typically means banks charge $10 fees and immediate interest at rates up to 24.9 percent.
 
"State law says you can't charge more than the face value for a lottery ticket," Givner said.
 
MasterCard spokesman Chris Monteiro responded, claiming that the banks that issue MasterCards set the fees and rates, while his company receives only a fee for processing.
 
But Givner said Friday it was actually MasterCard that changed a code for lottery purchases, moving them into a category with bets on dog racing and horse racing. She said lottery purchases were previously treated like fees for such government services as renewing a driver's licence.
 
Givner said New York's Division of Lottery has discussed the fees with the state attorney general's office and is hoping federal representatives will also get involved.
 
A spokeswoman for Chase Card Services, confirmed that lottery ticket purchases in any state are treated as cash advances.
 
"We identify those transactions by the codes they are assigned by the payment networks," such as MasterCard, she said. 

Givner said the NY lottery had stopped accepting Visa cards in June because Visa planned to assign a code that would lump state lottery purchases with illegal gambling in terms of the UIGEA.
 
"Clearly the New York lottery is a legal gaming state lottery," Givner said. "All state lotteries are legal. Visa said customers would be subject to higher fees and interest rates as a result. We said, 'Thank you but no thank you.' We no longer accept Visa."
 
Using the example of a $104 one-year Lotto subscription, Givner said, "Chase is saying, 'Here's your charge for $104. We're going to also slap you with a $10 cash advance payment fee ... and then they're saying from the date of the transaction, we're going to begin charging you interest. They don't wait for the billing period to conclude."
 
The lottery posted a warning to customers on its website and Givner suggested players avoid the fees by mailing in a check. She said the lottery is hoping to soon accept its own form of electronic payment.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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