GeoComply collaborates with Secure Trading Inc. for Nevada online gaming payments
Secure Trading 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 Secure Trading 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: “Secure Trading 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.”