As a growing number of U.S. states move to legalize sports betting after the Supreme Court's landmark PASPA ruling, payment processors are not waiting any longer to get into the game.
Last week, industry leaders Worldpay and Paysafe Group formalized a partnership to capitalize on the U.S. digital sports-betting market, with an eye on expanding electronic payments acceptance and security.
As an expansion of the companies’ existing relationship, the pact will combine Worldpay's card processing platform with Paysafe's digital payment options, including the Neteller digital wallet and paysafecard digital prepaid product, to enable online and mobile sports betting in markets where the practice has been legalized.
To continue reading...
Our Key Benefits
PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.
We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.
We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.