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Former Mastercard Executives Mobilizing U.S. Ready Online Gambling eWallet

11 February 2010 by Devon Chappell

securetradingWhen I first heard (just minutes ago) that former top-level Mastercard executives were coming up with a U.S. friendly online gambling payment processing solution in light of the recent crackdown by Mastercard on internet gambling transactions (with Mastercard’s, of course), I think I got a smile on my face as big as the time Santa gave me a beach cruiser for Christmas. No really, beach cruisers were totally rad back in the 80’s. Before I reveal my age any further, let’s just say that my smile was quickly replaced with a frown on my face as big as the time I saw a man playing with a live rooster on the floor of a moving subway car in New York City.

Okay so maybe not a frown, per say, but definitely a look of concern. As I researched further, I found out that former Mastercard executives are not necessarily cooking up some loopholed, covert payment processor that bypasses current betting restrictions in the U.S., but rather, are mobilizing a new company called Secure Trading, that will be ready to legally handle U.S. online gambling deposits and withdrawals when and if the UIGEA is overturned and online gambling regulations are passed in the U.S.

In other words, Secure Trading is yet another online gambling eWallet ready to cash in on the billions of online gambling dollars generated by U.S. citizens – As will be Neteller, Click2Pay, MoneyBookers and a horde of other eWallets currently being used by online gamblers elsewhere in world. And guess what else? So will Mastercard.

Call me a little bee-ahch, but does the world really need another eWallet that does not take bets from U.S. online gamblers! Sure, I can understand what with Mastercard in the news of late, this would seem like a relevant news bit. But isn’t this like eating a big candy bar in front of a little kid, telling the little tike in between bites that one day, maybe, he can get some candy bar too? Of course all of the eWallets and payment processors are going to jump in the U.S. market as soon as it’s regulated. They would be stupid not to.

So, my fellow U.S. citizens, let’s remember the good name of “Secure Trading”. Some day, you too may be able to use it to make a deposit with your favorite online casino.

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