GeoComply Collaborates with SecureTrading Inc. for Nevada Online Gaming Payments
WASHINGTON, May 3, 2013 /PRNewswire/ -- GeoComply, the leading geolocation services provider, is working with SecureTrading Inc. to support online gaming in Nevada.
SecureTrading Inc. was last month licensed by the Nevada Gaming Commission to support online gambling across the state. It is partnering with a number of companies to integrate best-in-class technology to its specialist payment platform, ultimately providing a single interface for maintaining regulatory compliance and consumer protection alongside the most efficient payment processing.
Geolocation services verify the physical location of online users, a vital element of player validation for online gaming companies that must adhere to strict regulations at both state and federal level.
Ted Friedman, COO of SecureTrading Inc. said, "Although the US represents the world's largest potential internet gambling market, compliance with both State and Federal law means that only the most stringent geolocation capabilities will be acceptable. We're working with a number of strategic partners to ensure that online gaming in Nevada is supported by the most sophisticated technology available, enhancing the player boarding experience while meeting regulatory requirements.
"By integrating GeoComply's suite of products directly into our payment engine we are able to give our clients the confidence of knowing that the sovereignty of State and Tribal borders is being upheld."
Anna Sainsbury, CEO of GeoComply said, "SecureTrading Inc.'s strong background and proven track record in the processing of payments in the regulated internet gambling space has made them a great client to work with.
"We are happy to support their existing risk engine with the incremental geolocation and anti-spoofing tools required for the emerging US internet gambling market."
SecureTrading is the UK's leading independent Payment Services Group, each year processing billions of pounds worth of transactions across multiple currencies and territories. Leading retail, telecommunications, gaming, education and social companies trust SecureTrading to handle their payments every day.
SecureTrading's unrivalled standing in the payments industry enables it to work with governments to help them define online payment regulation both in Europe and the US.
For more information please visit: www.securetrading.com
About SecureTrading Inc.
SecureTrading Inc. was established in 2009 to deliver online payment and security services for a regulated internet gambling industry in the United States. It is a subsidiary of the UC Group, a global provider of leading ecommerce payment and IT security services.
For more information please visit: www.securetradinginc.com
GeoComply offers regulators and operators a reliable, secure and user-friendly solution for the geolocation of online users. Focusing on the regulated iGaming, financial and digital rights industries, GeoComply works closely with its customers to harness cutting edge technology to better serve their needs. www.geocomply.com
Contact: Michael Waxman
SOURCE SecureTrading Inc.