SECURE TRADING AND FIRST DATA ANNOUNCE FIRST DEAL FOR NEW PAYMENT MECHANISM WITH PAYLUCKY AT GIGSE
Fulfilling on the vision to offer ease and convenience for both operators and players in the online gambling and gaming space, Secure Trading and First Data Corporation today announced a partnership that offers a new payment mechanism to process online gambling transactions in U.S. states where the activity has been legalized.
Secure Trading and First Data have worked together to design an easy-to-use, general purpose 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.
"As the market leader for prepaid in many industries we look forward to serving this new vertical and partnership with Secure Trading," said Jonathan O'Connor, general manager, Online Gambling and Alternative Markets, First Data. "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 authorized internet gambling operators and their merchants."
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.
"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."
Secure Trading is approved to provide internet gambling services in Nevada and New Jersey. Secure Trading is poised to offer payment processing, patron ID and geo-location services for internet gambling.
About First Data
Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive client revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction. More information about the company is available on FirstData.com as well as on Twitter, LinkedIn, Facebook and YouTube.
About Secure Trading
Secure Trading was established in 1997 to deliver online payment and security services across the globe. They hold an ancillary license in both New Jersey and Nevada for the provision of not just payment processing but patron ID and geo-location services to licensed internet Gambling Operators. We are a subsidiary of the UC Group, a global provider of leading ecommerce payment and IT security services. Secure Trading is one of the UK's largest independent payment services providers. We help online businesses succeed through cutting edge technology, world-leading expertise and a culture dedicated to trust. Come and visit us on LinkedIn, Twitter and YouTube.