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Pro Online Gambling Financial Group Opens in US
2/10/10 - Three former senior executives from MasterCard are betting that lawmakers will soon regulate legalised Internet gambling in the United States, and have set up shop to facilitate wagers as a U.S.-subsidiary for a United Kingdom payments processor.
A staunch advocate of legalised online gambling in the USA, UC Group Ltd launched its US subsidiary SecureTrading, and released a statement assuring interested parties that it is poised to provide “safe financial transactions and required consumer protections” in the United States in anticipation of federal legislation.
The UC move comes in the wake of recent developments that have seen MasterCard and more recently Visa blocking the placement of financial transactions with online gambling sites despite delays in the implementation date for the UIGEA and an imminent push by Congressman Barney Frank to legalise online gambling.
SecureTrading’s chairman, Chris Thom, was chief risk officer at MasterCard, where he spent 11 years. The subsidiary’s chief operating officer, Ted Friedman, previously worked at MasterCard New York and Europay International in Belgium. And T.J. Sharkey, its head of customer sales and support, spent 17 years at MasterCard, recently as the group head of Global Merchants and Acquirers.
"Momentum for regulating Internet gambling in the U.S. has been building for some time," said Thom. "As Congress prepares to take the final step, SecureTrading Inc.'s turnkey system is primed to enable our customers to go live the moment Internet gambling is regulated."
SecureTrading Inc.'s services will enable licensed gambling operators quickly and efficiently to be in full compliance with Internet gambling regulation. Offerings include player registration, verification and validation to ensure that the player is not underage and is in a location where online gambling is legal. The company also provides financial payments processing, anti-money laundering and fraud tools, tax computation and collection, payment and reporting; and responsible gambling tools that will allow players to self-exclude from online gambling activity or elect online to seek help in real-time for problem gambling.
"Individually and collectively Chris, Ted and T.J. have extensive experience in the Card and Banking industry for providing Internet payment services across multiple market sectors," said Kobus Paulsen, Chairman of UC Group Ltd. "They bring substantial value to SecureTrading Inc. and our customer base as we prepare for the passage and implementation of online gambling regulation in the U.S."
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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