Payment processing has quickly become the Achilles heel of iGaming in the United States. If players find it difficult to deposit and withdraw money with their favorite online casinos, they quickly lose interest. There are few payment processing packages as complete as the one offered by Vantiv Gaming Solutions. Joe Pappano and his team have been working in the field for many years, and Vantiv has designed solutions especially for iGaming. Pappano explains the roots of the problem and reveals that there is light at the end of the tunnel in a group consisting of all the major players in the space to discuss the use of credit cards for online gaming transactions. Pappano addresses the fraud protection, money laundering oversight and more details of the transaction designations for online gaming. He spoke with GGB Publisher Roger Gros at the GGB Las Vegas offices in January.
This week, the GGB Podcast features a discussion with Joe Pappano, the senior vice president, director of merchant sales and managing director for Vantiv Gaming Solutions on the role of payment processing in the gaming industry, land-based and online alike.