Safecharge Signs Deal With Mazooma
Updated: Jun 30
Leading Payments Company Chooses Mazooma's eCheck Select Payment Technology To Service the Regulated US Online Gambling Industry
LAS VEGAS, Jan. 29, 2019 /PRNewswire/ - SafeCharge, a leading payments technology company announced today it is offering the regulated US online gambling industry real-time ACH payments via eCheck Select from Mazooma, the trusted source for verified bank payments in online sports betting and igaming.
eCheck Select verifies bank-level data in real-time, including consumer identification and account information. At the time of transaction, eCheck Select confirms a person's account balance and processes the payment or terminates it if there are insufficient funds.
"We're pleased to make our ACH technology available via the SafeCharge Payments Engine," said Jamie MacKay, CEO, Mazooma. "With eCheck Select, igaming operators entering the newly-regulated US market can offer players here a seamless payment experience that increases transaction and onboarding success."
"At SafeCharge we believe that payments are about more than just monetary transactions, it is a strategic pillar of any successful organisation. By making eCheck Select available to provide real time ACH payments, we aim to support global iGaming operators successfully expanding into the US, and further enhancing our innovative omnichannel Payments Engine designed to maximize payment conversions," stated David Avgi, CEO, SafeCharge.
Acceptance of credit cards can be limited in the iGaming industry and with eCheck Select, operators can offer players an uninterrupted experience. It supports real-time verification and payments from every bank and financial institution in the US.
Real-time verification provides operators with rich consumer data, reducing fraud and eliminating customer service issues that sometimes arise with traditional ACH processing.
A Supreme Court decision on May 14, 2018 cleared the way for states to legalize sports betting, driving the momentum for this new segment of online iGaming to emerge.
About Mazooma (www.mazooma.com):
Mazooma, Inc. is an innovative financial technology company that enables licensed online gaming merchants in regulated U.S. markets access to the banking system for reliable and secure consumer financial data intelligence and payment processing. Since launching its first product in 2009, Mazooma's patented online banking verification technology has been used by millions of consumers and can be found on the checkout of every regulated igaming operator in the country.
SafeCharge International Group Limited, is the payment service partner for the world's most demanding businesses. SafeCharge provides global omni-channel payments services from card acquiring and issuing to payment processing and checkout, all underpinned by advanced risk management solutions. This fully featured proprietary payment platform connects directly to all major payment card schemes including Visa, Mastercard, American Express and Union Pay as well as over 150 local payment methods. With offices around the world, SafeCharge serves a diversified, blue chip client base and is a trusted payment partner for customers across a range of vertical markets. The company has been listed on the London Stock Exchange AIM market since 2014.
For more information see: http://www.safecharge.com/