Gamble For Free

Just as MasterCard started to block online gambling transactions, a number of former top executives from the company have come up with a new financial transaction processor to take care of online casino deposits. Secure Trading is the new company that will be responsible for online casino transactions in the US as soon as online gambling activities are made legal.

This company is owned by UK payment processor UC Group with the former MasterCard executives on the customer service bench, chief operating officer, and chairman. The former Chief Risk Officer, Chris Thorn, is now the chairman of the company. Thorn served 11 years at the MasterCard Company.

Since the UIGEA gambling law was passed, MasterCard had tried to stop payments to internet gambling sites, but online gaming operators immediately found out how to list their charges as uncoded. But over a week ago, MasterCard produced a new system which restricted all online casino payments, along with legitimate gambling charges, such as state lotteries and local horse races.

However, the Secure Trading Company will not risk operating in the present US legal situation; it still hopes that Barney Frank’s bill raised to regulate online gambling will be approved this year.

Thorn further stated that with the growing interest in regulating online gambling in the US, Secure Trading’s turnkey system is mainly targeted to help customers to start using this system the minute online gambling is regulated.