July 8, 2022
Acquiring, Competitive Strategies, Credit Cards, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Point-of-sale
Payments provider Nuvei Corp. said it is integrating with GAN Ltd., a provider of Internet-gaming technology, to allow gaming operators to access Nuvei’s payments services.Point-of-sale system maker Toast Inc. said it acquired Sling, a business-management platform. Terms were not disclosed.American Express Co. and the National Trust for Historic Preservation announced 25 independent U.S. restaurants that …
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November 11, 2021
Acquiring, Competitive Strategies, E-Commerce, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Regulatory changes in its European market have hammered Paysafe Ltd.’s digital wallets, chopping the company’s quarter-to-quarter payments volume and revenue and forcing its top executives to spend a good deal of time Thursday morning explaining the impact to stock analysts. “We are facing challenges in our digital-wallet business. It’s performing …
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June 29, 2021
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mobile Commerce, Mobile Wallets, Transaction Processing
Paysafe Group Holdings Ltd. continued its push Tuesday into making processing online gambling transactions a larger part of its business by expanding a partnership with FOX Bet, a U.S. online and mobile sports-betting platform operated by Flutter Entertainment plc. Under the terms of the deal, which follows a deal earlier this …
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June 3, 2021
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Law and Regulation, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Less than a month after Paysafe Group Holdings Ltd. announced processing online gambling transactions will become a primary focus for the company, the strategy is quickly paying dividends as the processor has expanded its relationship with Golden Nugget Online Gaming Inc. to Michigan. The deal is an outgrowth of online-gambling …
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May 11, 2021
November 14, 2014
Competitive Strategies, Law and Regulation, News, Transaction Processing
Pala Interactive LLC, an online gambling operator, will use payment-processing services from Optimal Payments Plc, Optimal announced this week. Online gambling revenue in the United States is forecasted to be $2.6 billion by 2017, according to one estimate. Another estimate, from Odobo and H2 Gambling Capital, forecasts $7.7 billion …
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November 26, 2013
Acquiring, Law and Regulation, News, Transaction Processing
Online commerce has hit a trifecta of sorts. New Jersey on Tuesday became the third state, in addition to Nevada and Delaware, to allow some forms of online gaming. And with its debut, more payments companies are at work on providing services to gaming operators and their users. n Registered …
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April 21, 2008
Automated Clearing House, Credit Cards, E-Commerce, News
Implementation of the controversial Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) would be prohibited under new legislation introduced in the U.S. House of Representatives earlier this month. The UIGEA bans gaming sites from accepting money transfers of any kind for bets deemed to be unlawful gambling. It also directs …
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October 3, 2006
Automated Clearing House, E-Commerce, Electronic Checks, News
Three days after Congress passed a law restricting payments for Internet wagers, what seems clear is that the implications for banks and transaction processors are mixed. Observers say the new law will likely prevent most U.S. banks or third-party companies that still process online gambling payments from continuing to do …
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April 29, 2024
Acquiring, Automated Clearing House, Competitive Strategies, E-Commerce, Mobile Commerce, Mobile Wallets, Real-time Payments, Transaction Processing
Payments platform Paysafe, already a competitive processing option for online gaming sites, added a pay-by-bank option enabling online bettors to fund deposits instantly in their accounts. It also can be used for cashing out winnings. The service, which Paysafe says carries no fees to bettors but offers a tiered pricing …
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