75 Percent of Visa Credit Cards Not Working for NJ Online Gambling Sites

Written by :

Aaron Goldstein

Published on :

15 May, 2014

New Jersey online gambling companies are seeing around a 75% decline in credit cards, according to Matthew Katz of CEO of CAMS.

He recently spoke to Rebecca Liggero of CalvinAyre.com regarding the current climate in New Jersey when it comes to payment processing.

“I think the biggest challenge is just education, getting the bankers to understand how significant the technology and the processes all the regulators have in place to be compliant,” Katz said.

He also offered up another suggestion for operators to disclose those credit card issuing banks that do not permit online gambling transactions like Wells Fargo and Bank of America.

Check out the video below.

Video by Gaming & Poker news - CalvinAyre.com

- Aaron Goldstein, Gambling911.com

1xBet Real Customer Reviews May 2026

One of the fastest growing global online gambling brands we are reading so much about these days is a company by the name of 1xBet. Interestingly, it's not exactly a new brand.

Bill to Ban Prediction Markets in Minnesota Set to Hit Senate Floor Days After Lawmaker There Admits to Betting on Himself

A state lawmaker admitted to betting on his own election at Kalshi and has received a 5-year ban for doing so.

BetOnline the Latest to Offer Player Protect in Case of Injuries.... NBA Playoffs Only

There are ZERO fees associated with this feature. All customers are eligible to receive benefits immediately.

Feds Charge Soldier With Using Classified Intel to Win $400K on Polymarket

A U.S. special forces soldier involved in the military operation to capture Venezuelan President Nicolás Maduro has been charged with using classified information about the mission to win more than $400,000 in an online betting market, federal officials announced Thursday.