Tag: bank online gambling transactions
U.S. banks balk at online gambling transactions
November 22, 2013
Press of Atlantic City – As New Jersey launches its first Internet gambling trials today, regulators are acknowledging there will be banks and credit card companies refusing to permit the transactions – at least for now. “Clearly, we’re going to have struggles for some folks who are going to not be able to have their accounts funded through traditional means with their own bank,” New Jersey Division of Gaming Enforcement Director David Rebuck said. “They’ll do it through alternate means, or they’ll find other banking institutions that will allow them to. It’s going to be a growing process.” A five-day…