Will Tightening Up Regulations Persuade Credit Card Companies To Cooperate?

New Jersey politicians discuss tighter regulations for processors to get the banks on board

One of the main reasons for the slow growth of legalised online gambling in New Jersey – the refusal of some credit card companies to cooperate on deposits – is to be addressed with a new bill, says New Jersey Senator Jim Whelan.

Speaking at the East Coast Gaming Congress in Atlantic City Tuesday, Sen. Whelan said that New Jersey wants to subject companies that handle Internet gambling deposits and payments to stricter licensing requirements, in the hope it will make banks more willing to allow the use of credit cards to fund online betting accounts.

Whelan, a former Atlantic City mayor, said the bill will require payment processors to obtain a casino industry service license in place of the present requirement for an ancillary licence, which is easier to acquire.

Online Casino News Courtesy of Infopowa

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Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

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