UNITED STATES | Secure Trading and First Data Corporation team up to offer a new payment mechanism to process online gambling transactions in U.S. states where the activity has been legalised. Secure Trading has been approved to provide internet gambling services in Nevada and New Jersey.
Virtual prepaid card for US Online Gambling
Secure Trading and First Data have worked together to design a reloadable prepaid offering combining the powerful compliance tools of their ST-1 solution and First Data’s PayLucky™ Solutions.
They will deliver an offering compliant with New Jersey and Nevada regulations and enables players to deposit and withdraw money from their accounts with licensed online gambling operators. Since launching PayLucky™ Solutions for the legalized online and offline gambling and gaming industry, this is the first virtual prepaid card agreement that will bring simplicity and ease to operators and players.
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.
Improving Acceptance rates
“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 authorised internet gambling operators and their merchants”, says Jonathan O’Connor, general manager, Online Gambling and Alternative Markets, First Data.
Internet Gambling Operators to enhance players' experience
“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. “We’re excited to offer this additional prepaid payment mechanism together with a seamless solution for players to set up their prepaid accounts. As always, we stand ready to integrate our best-in-class experience and technologies, thereby ensuring licensed operators maintain regulatory compliance and employ effective financial processing controls.”