Nov 25, 2014

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Casino Banking (163 articles)

Credit Card Companies Responsible for Slow Start of New Jersey Online Gambling

New Jersey State Senator, Ray Lesniak, spoke at the Mobile and Tablet Gambling Summit USA at Bally’s on Monday regarding his optimism for the future of online gambling in the state even though it has had a slow start, which he claims is due to difficulties relat...

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Hyper: A New Virtual Currency

The latest virtual currency to surface is Hyper which boasts finalized settlements 20 times faster than Bitcoin. Hyper founders said, “Essentially, Hyper is a low energy cryptocurrency designed for use in online games, MMOs and virtual worlds. The currency is currently used in Counter-Strike, Minecraft, and Zandagort – a space-based strategy MMO game server w...

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Dutch Gambling Authority Partners with Payments Processors

Kansspelautoriteit, the Dutch Gambling Authority, has secured co-operation agreements with several payment service providers (PSP) in an effort to stop payments to unlicensed gambling operators offering gambling services to Dutch punters illegally. Processors include PSP’s Mollie BV, DialXS BV, BV Sisow, Curr...

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PayPal Partners with Three Major Bitcoin Processors for American and Canadian Markets

PayPal recently announced its partnership with three major Bitcoin payment processors: BitPay, Coinbase and GoCoin. The intent to assist digital goods merchants with the acceptance of Bitcoin payments beginning with those based in the US and Canada first. PayPal has opted to integrate the third-party functionality with the PayPal Payments Hub since the three...

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LaserLock’s VerifyMe to Launch in Mexico

American identity and geo-location technology company, LaserLock Technologies, has entered into a ten year $7 million contract with an unknown Mexican gaming company which will put LaserLock’s VerifyMe Identity Services to work at Mexican online casinos. New anti-money laundering regulations in the country have increased the need for security and LaserLock’s t...

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NetVerify Goes Live on Betfair

Jumio, Inc. has launched its player verification system NetVerify on Betfair. Netverify transforms the user’s mobile device camera or webcam into an ID scanning terminal speeding up the identification process and meeting the Know Your Customer (KYC) regulations. "By adding Netverify into the customer verification process, we are making life quicker and easi...

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New American Online Gambling Payment Processor

Secure Trading and First Data Corporation have partnered up to develop a new payment processor for US online gambling transactions. The processor will be used for only those states which currently offer legalized gambling services and the companies claim to be in compliance with New Jersey and Nevada regulations. “We look forward to serving this new verti...

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Plans for Asian Bitcoin Exchange

BetOcean, Chinese ATM company, and Atlas ATS, a New York exchange technology provider, are interested in entering the Bitcoin virtual currency market. The two companies are trading under the name BitOcean Japan and intend to start a new Bitcoin exchange. CoinDesk reported that BitOcean Japan has approached the court-appointed trustee of Mt Gox, Nobuaki Ko...

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Bitstars Announces New and Improved Bitcoins

It’s time for a new age of Bitcoins, a payment system first introduced in 2009, according to They boast a new and improved system that is set to shatter previous skepticism due to the long and often confusing process involved in obtaining the Bitcoins. Bitstars is promising an entirely new and far less complicated experience, giving players the o...

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Bwin.Party Digital Entertainment’s Kalixa Acquires PXP Solutions

Bwin.Party Digital Entertainment’s payment processing subsidiary, Kalixa, has recently acquired card payment company PXP Solutions. "Integrating PXP will significantly grow the size of Kalixa’s payment processing volume and is expected to generate substantial revenue synergies in the areas of credit and debit card acquisition and issuance," according to a Bwin...

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Will Credit Card Companies Approve of Tougher NJ Online Gambling Regulations?

One of the main contributing factors to the slow growth of online gambling in New Jersey is the credit card companies that have restricted deposits and a new bill is in the works to address this according to New Jersey Senator Jim Whelan. Senator Whelan spoke at the East Coast Gaming Congress in Atlantic City on Tuesday revealing that the state would like to...

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HSBC Restricts Online Gambling Credit Card Transactions

Baking and financial group HSBC has made a decision to restrict online gambling transactions on its credit cards based on concerns of unlicensed gambling. “We did not issue a press release [on the ban],” HSBC's group public affairs manager in Hong Kong, David Hall said. “If you have an illegal site and you put out a notice saying you won’t allow transactions i...

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SEC Warns Investors of Risks Involved in Virtual Currency

The United States Security and Exchange Commission (SEC) has recently alerted investors to the risk in trading and using virtual currencies like Bitcoin. The SEC released “Investments involving Bitcoin present unique risks” which states that governments and banks have no association with these virtual currencies and will not be covered by FDIC insurance result...

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Ukash Available at Betfair

On Friday Ukash announced that its services will bow be available at Betfair. David Hunter, CEO, Ukash said, “Betfair was the world’s first successful betting exchange, and is a company respected for its innovation and values. They are a great British success story and this makes our cooperation even more satisfying.” Ian Chuter, group operations director...

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Declined Credit Card Transactions Limit Success of NJ Online Gambling Market

Processor CAMS LLC revealed that online gambling in Atlantic City hasn’t been as successful as it could be since only 44 to 46 percent of credit card transactions were approved by credit card companies. CAMS processes transactions for the Borgata, Trump Taj Mahal Casino Resort and Trump Plaza Hotel and Casino...

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Polish Government Relaxes Rules on Online Gambling Payment Processing

The Polish government has loosened up regulations pertaining to online gambling payment processing to meet European Commission requirements regarding free movement of goods and services within the European Union. Amendments became effective last month allowing companies based within the European Union to process gambling-related transactions with e-wallets su...

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Caesars Interactive Entertainment to Offer NETELLER

Optimal Payments Plc and Caesars Interactive Entertainment (CIE) have extended their partnership arrangement by adding NETELLER as a payment option. NETELLER will be available to customers of,

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Vera&John Casino Temporarily Suspends Bitcoin Payment Solution

Vera&John announced the temporary suspension of its new Bitcoin payment solution. After discussions with the Maltese gaming authority LGA, the online casino operator agreed to suspend the payment option pending regulations are brought forth.

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New Bitcoin Friendly Casino

The Bitstars Entertainment Company rolled out a new Bitcoin friendly online casino this week licensed in Malta LGA. SwissSoft powers the new site with a small selection of games certified by iTech Labs Australia. There are plans to launch HTML5 games to suit the mobile gaming market.

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Playtech Founder Invests in SafeCharge

Teddy Sagi, Playtech founder, has a new product is in the works for a $100 million I.P.O. in London according to an article in the Financial Times. Sagi sold off a large portion of his stock in Playtech and his latest endeavor is a digital wallet branded SafeCharge. The product has obvious synergy with online gambling, but has applications in other e-commer...

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