Online Gambling Processors to Enter US Market
A UK-based payment processing company is preparing to enter the U.S. market and will be open to process online gambling transactions for U.S. gamblers according to a report appearing at Casino Web Gambling.
SecureTrading is the US subsidiary of the UC Group and reportedly being managed by former employees of Mastercard.
"Momentum for regulated Internet gambling in the US has been building for some time," said Chris Thom. former Chief Operating Officer at MasterCard, "As Congress prepares to take the final step, SecureTrading Inc.'s turnkey system is primed to enable our customers to go live the moment Internet gambling is regulated."
Representative Barney Frank has introduced legislation that would overturn the Unlawful Internet Gaming Enforcement Act (UIGEA). Policy enforcement of the act has been pushed back until July 1 though many speculate that further delays will take place or the law will be amended at least in regard to online poker.
Casino Web Gambling adds that "although the UC Group is already equipped with many of the regulatory provisions that would be in a new system, any non-compliance could cost online casinos to lose their gaming license. Anti-fraud and money laundering tools are used already in the UC group's UK business."
Christopher Costigan, Gambling911.com Publisher
