Visa Looks to Block Online Gambling Transactions

Following in the footsteps of Mastercard, Visa has also decided to start blocking online gambling transactions (all of them).  Many establishments have long gotten around these efforts through the practice of using different coding, which conceals the type of transaction occurring.

The Unlawful Internet Gaming Enforcement Act (UIGEA) makes it illegal for banks to process certain types of online gambling transactions, however, implementation of the law will not go into effect until July 1 and there is some question as to whether further delays are possible.  Policy enforcement was initially supposed to have gone into effect October 1. 

Democratic Congressman Barney Frank has been attempting to eliminated the provisions as they apply to online poker via a legislative measure. 

Jagajeet Chiba, Gambling911.com         

Submitted by Jagajeet Chiba on Sun, 02/21/2010 - 20:49
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Comments

Citation Needed

Mon, 02/22/2010 - 15:00 — Guest
Could we get a citation of this factoid please that VISA has decided to block 7995 transactions?

Citation? LOL

Mon, 02/22/2010 - 15:05 — Guest
This is Gambling911 not the Wall Street Journal. They don't let facts stand in the way of a good story. Now go crawl back in your hole.

"...Frank has been

Sun, 02/21/2010 - 22:59 — Guest
"...Frank has been attempting to eliminated the provisions". The irony in the fact that you were the clown harassing the Frenchman for his poor grasp of English last week, certainly isn't lost on this reader, pallie.

Jagajeet should not throw

Mon, 02/22/2010 - 12:01 — Guest
Jagajeet should not throw stones at glass houses! He always makes these types of mistakes and makes fun of others English! Just plane wrong!

Spelling

Mon, 02/22/2010 - 14:58 — Guest
Err.. you mean "Just plain wrong." - right?

Re: Grammar

Sat, 12/25/2010 - 19:14 — Guest
1. There should be 3 dots after "Err". 2. "You" should begin with a capital letter. 3. The full stop should be replaced with a comma. 4. There is no need for the dash. 5. Don't make mistakes of your own when pointing out someone else's. 6. It was a mistake for people like you to have ever been born.