29 August 2016
Find out more

Secure Trading launches transaction platform for US gambling operators

17 July 2014  |  1017 views  |  0 Source: Secure Trading

Global leader in online payments, Secure Trading, has launched ST-1, the first end-to-end compliant transaction platform for US online gambling operators.

ST-1 manages every step of the transaction process, from player registration and player deposits, through to withdrawals. It helps operators meet the demands of such a challenging industry by carrying out thorough identification, location and responsible gambling checks. It enables operators to securely process deposits, manage the back office and deal with withdrawals through one fully integrated compliant platform.

The end-to-end solution integrates into an operator's existing platform and the transparent audit trail helps satisfy all stakeholders, from state legislators to banks - which has previously been notoriously difficult due to the fragmented state of the US market.

Kobus Paulsen, CEO at Secure Trading Group said: "This is the culmination of years of hard work. We've managed to create the ideal platform for gambling operators, allowing them to seamlessly operate in the new US gambling landscape.

"As it's a single integration, operators can verify and process transactions in complete confidence. It provides access to a sophisticated value chain without the complexity of having to manage and integrate with multiple suppliers.

"We've brought together industry leading partners to develop one coherent solution, allowing us to deliver best-of-breed technology to make licensed operators compliant."

For US online gambling operators, adhering to both state and federal laws is incredibly difficult, due to the patchwork nature of online gambling legalisation. ST-1 ensures this is no longer an issue, enabling operators to achieve legislative compliance as well as providing a number of value-add features.

The full audit trail, real time player checking and verification and sophisticated anti-fraud measures allow online gambling firms to concentrate on delivering an outstanding experience to their users, rather than navigating the legislative minefield.

Mr Paulsen continued: "The US online gaming sector is potentially lucrative, but many operators have been put off due to the difficulties surrounding compliance. We believe our solution can cause a step-change and enable operators to easily set up and succeed in what will soon be a burgeoning market." 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit equens.comVisit VocaLink.comFind out more

Top topics

Most viewed Most shared
India's Unified Payments Interface goes live with 21 banksIndia's Unified Payments Interface goes li...
8616 views comments | 22 tweets | 25 linkedin
R3 blockchain consortium sheds light on Concord projectR3 blockchain consortium sheds light on Co...
6561 views comments | 14 tweets | 14 linkedin
Cultural change crucial in digital transformationCultural change crucial in digital transfo...
6216 views comments | 11 tweets | 10 linkedin
Mondo becomes MonzoMondo becomes Monzo
6044 views comments | 14 tweets | 8 linkedin
hands typing furiouslyBlockchain: Some Remarkable Announcements!
5593 views 0 | 5 tweets | 10 linkedin

Featured job

Find your next job