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Mastercard and Ukash In deal

The online payment company Ukash has signed a deal with MasterCard to facilitate the launch of its pioneering MasterCard rePower service in Europe - part of a strategic initiative to allow consumers to load cash onto their MasterCard and Maestro prepaid cards at Point-of-Sale (POS) locations.
 
Ukash, which is based in the UK and is regulated by the Financial Services Authority (FSA), is partnering with MasterCard to enable rapid scale delivery of MasterCard rePower across Europe. Ukash has an existing global network of 275 000 physical issuing points and its track record within the alternative payments industry is second to none; Ukash currently processes several million transactions annually with values in excess of Euro 100 million.
 
To load money using MasterCard rePower, consumers simply swipe their card and in exchange for cash, their card is loaded with funds. Ukash will enable this service to be delivered across the UK initially and then across Europe via existing partners. The value of the transaction is immediately available for the consumer to spend anywhere that accepts MasterCard.
 
Ukash says the benefits to the consumer include:
 
* A real-time process, providing immediate access to funds
 
* More reload locations
 
* Trust and security of the MasterCard brand
 
* Safer than carrying cash
 
Mark Chirnside, chief executive officer Ukash, commented: “Partnering with MasterCard for the launch of Mastercard rePower is a very significant step for Ukash. It is one of several markers that Ukash is now a major player in the global prepaid industry, with our rate of growth in volume and geography both moving at significant pace.
 
"It also demonstrates the growing popularity of prepaid products as a viable alternative for consumers. This is symptomatic of a shift in consumer behaviour as more of the public look to find safe and secure ways to shop online while maintaining control of their spending. Increasingly, they are turning to Ukash to provide the answers.”
 
In addition, Ukash is working with prepaid partners to offer voucher-based reloads as a value added, complementary service to its customers, which will provide users with a greater level of choice and flexibility when loading prepaid cards.
 
In September 2008 Ukash received significant additional funding from South African giant Blue Label Telecoms, a corporate part-owned by Microsoft, which acted as a catalyst in the company’s international expansion. Ukash has signed major deals with international partners which has seen the company treble in size over the last 12 months, and by 2010 it will be issuing Ukash vouchers across all five continents.

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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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