SBC News Voice of the Sports Betting Industry
Online payments firm Secure Trading believes it has the solution for online operators who have been struggling transacting payments in the US since the New Jersey and Nevada markets came online.
ST-1 is described as 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 also 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 is 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.
Paulsen added: “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.”
