New U.S. online gambling payment processor
News on 16 Jul 2014
News on 16 Jul 2014
Secure Trading and First Data Corporation have teamed up to offer a new payment mechanism to process online gambling transactions in U.S. states where the activity has been legalised.
The partnership brings together an easy-to-use, general purpose reloadable prepaid offering, combining the compliance tools of the ST-1 solution and First Data’s PayLucky Solutions.
The result is a solution the companies claim is compliant with New Jersey and Nevada regulations and enables players to deposit and withdraw money from their accounts with licensed online gambling operators.
“We look forward to serving this new vertical and partnership with Secure Trading,” said Jonathan O’Connor, general manager for online gambling at First Data.
“Players with the general purpose reloadable PayLucky account will be able to use it to make instant deposits and withdrawals to and from their wagering accounts with licensed operators. Acceptance rates will improve significantly for internet gambling transactions, which in turn will enhance the gaming experience for authorized internet gambling operators and their merchants.”
On completion of the ST-1 registration process that verifies new players’ identification and location, or when existing players seek to make deposits into their wagering accounts, they will be offered a fully integrated process to set up a PayLucky prepaid account, providing players access to instant funding, he added.
“We are confident that this prepaid card solution will be widely embraced by licensed internet gambling operators,” said Kobus Paulsen, chief executive officer of Secure Trading Group.
