Ex M.C.Execs Form U.S. Payment Services Division

Published Wednesday, February 10, 2010 - Online-Casinos.com

Changes in the status of online gambling in the USA is not a certainty by any means but some top level business people in the world think it just may come sooner than later. The possible regulation of online gambling in the USA has prompted a consortium of former MasterCard executives to form a company that will provide secure funding to online gambling accounts, including online poker in the states. U.K. based UC Group Ltd., has announced the launch of its U.S. subsidiary, SecureTrading Inc. T.J. Starkey, Ted Friedman, and Chris Thom all former MasterCard executives, are to drive the new division in the USA. An optimistic Thom said in the statement, “Momentum for regulating Internet gambling in the U.S. has been building for some time,” adding, “As Congress prepares to take the final step, SecureTrading Inc.’s turnkey system is primed to enable our customers to go live the moment Internet gambling is regulated.” Chairman of UC Group Ltd., Kobus Paulsen, commented, “Individually and collectively Chris, Ted and T.J. have extensive experience in the Card and Banking industry for providing Internet payment services across multiple market sectors,” explaining, “They bring substantial value to SecureTrading Inc. and our customer base as we prepare for the passage and implementation of online gambling regulation in the U.S.” With this announcement coming directly on the heals of MasterCard's and Visa's decision to curtail any more transactions with online gambling operators or players this group of forward thinking executives may be the ones who hit the ground running should regulation come to the U.S. online gambling market. SecureTrading Inc.is a turnkey system that is ready as soon as the changes are made in the rules. The new division feels confident that their timing could not be better. The company will be ready to offer licensed and legal U.S. gambling operators the secure financial services they will need to be successful.

 

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