UK-Based Global Funding Alliance to provide credit card merchant accounts issued by bank in online gambling operator's name. Third-party risks now eliminated.
September 11, 2003 (Press Release) --
September 11, 2003, CURACAO, NETHERLANDS ANTILLES – TransAct-Online, http://www.transact-online.com the gaming sales portal for the U.K.-based Global Funding Alliance, today announced the signing of a letter of understanding with Parlay Entertainment Limited, a member of the DCEG Group of Companies (OTCBB: DCEG) and a leading supplier of software and services to the e-gaming industry. This relationship gives Parlay licensees the opportunity to obtain a direct bank-issued merchant processing account for their gaming sites, eliminating the risks to gaming operators and players associated with third-party credit card transaction processing.
With a direct bank-issued merchant processing account, proper coding of gaming transactions is ensured, all credit card billing is designated in the gaming operator’s company name and reserve accounts are established directly between the operator and the bank rather than with a third-party processor.
“With the difficulties that both operators and players have experienced in credit card processing, we are pleased to offer our licensees a solution that enables them to apply for a direct bank-issued merchant account,” David Outhwaite, Parlay’s CEO. “This relationship is further evidence of Parlay’s commitment to helping its licensees set themselves apart and grow their business in an increasingly competitive environment.”
About Global Funding Alliance and TransAct-Online
Through its relationships with major international banks, the Global Funding Alliance provides the opportunity for gaming site operators to obtain a direct bank-issued merchant processing account. The U.K.-based Global Funding Alliance and its world-class banking partners bring together significant experience in gaming and ethical payment processing. The Curacao enquiry center of TransAct-Online, www.transact-online.com, understands the needs of the many gaming business organizations that have been unable to secure a direct merchant processing account, and can be contacted to secure a merchant application at info@transact-online.com, or by fax on company letterhead to +44 87 (0) 1206936.
For further information, please visit our website at www.transact-online.com, or contact:
Jenny Raphaelal +599-9-461-1035
At parlay Entertainment:
David Outhwaite, Chief Executive Officer 905-337-6540
Scott White, President and Chief Operating Officer 905-337-6505
For more details:
Printed from: http://www.free-press-release.com/news/200309/1063324331.html
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With a direct bank-issued merchant processing account, proper coding of gaming transactions is ensured, all credit card billing is designated in the gaming operator’s company name and reserve accounts are established directly between the operator and the bank rather than with a third-party processor.
“With the difficulties that both operators and players have experienced in credit card processing, we are pleased to offer our licensees a solution that enables them to apply for a direct bank-issued merchant account,” David Outhwaite, Parlay’s CEO. “This relationship is further evidence of Parlay’s commitment to helping its licensees set themselves apart and grow their business in an increasingly competitive environment.”
About Global Funding Alliance and TransAct-Online
Through its relationships with major international banks, the Global Funding Alliance provides the opportunity for gaming site operators to obtain a direct bank-issued merchant processing account. The U.K.-based Global Funding Alliance and its world-class banking partners bring together significant experience in gaming and ethical payment processing. The Curacao enquiry center of TransAct-Online, www.transact-online.com, understands the needs of the many gaming business organizations that have been unable to secure a direct merchant processing account, and can be contacted to secure a merchant application at info@transact-online.com, or by fax on company letterhead to +44 87 (0) 1206936.
For further information, please visit our website at www.transact-online.com, or contact:
Jenny Raphaelal +599-9-461-1035
At parlay Entertainment:
David Outhwaite, Chief Executive Officer 905-337-6540
Scott White, President and Chief Operating Officer 905-337-6505
For more details:
Printed from: http://www.free-press-release.com/news/200309/1063324331.html
QKiz Game OnlineBookworm Game - Magic Words Genius, Bubble Game - Ada Bubble Game, Photo Hunt Game - Critical Seeker
Click here to submit your press release free!
Press Release Tips | Free News Letter | Advertise on Us | Contact Us | Site Map | Free-Press-Release.com
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