eGaming Review is reporting that MasterCard is cracking down on online gaming:
US-FACING operators have been hit by an overnight crackdown on online gambling payments by credit card giant Mastercard.
The US company is believed to have toughened its stance on the widespread practice of operators coding egaming transaction as other kinds of online commerce, which will all its US customers from using their cards to gamble online.
Rival US card giant Visa is rumoured to have taken a similar measure, although this could not be confirmed at the time of writing.
The action is a sign that banks and payment companies are preparing for implementation of America’s Unlawful Internet Gambling Enforcement Act (UIGEA), which bans the facilitation of online gambling by payment companies.
Continue Reading
