Mazooma’s eCheck Select Makes History with First Regulated Online Sports Betting Transaction
October 2, 2018
Mazooma processes first bank-verified payment in U.S.
LAS VEGAS–(BUSINESS WIRE)–The trusted source for verified bank payments in U.S. online sports
betting and igaming, Mazooma’s eCheck Select re-invents the traditional
ACH payment channel, processing the very first regulated online sports
betting transaction in New Jersey with an industry leader in online
sports betting.
Leading the way for online sports betting payments is eCheck Select’s
real-time ability to verify bank-level data intelligence–specifically
consumer identification and account information. Payment interruptions
hurt the entire experience of online betting. Unlike credit cards and
e-wallets, eCheck Select’s verified ACH processing delivers broad
consumer and bank acceptance. At the time of transaction, eCheck Select
can confirm a consumer’s account balance and process the payment, or
terminate it when there are insufficient funds.
This real-time verification provides rich data, creates a seamless
process, reduces fraud and potential customer service issues that might
result days later from the traditional ACH channel, and enables online
sports betting merchants to confirm payment in real time.
“eCheck Select rethinks bank payments and optimizes the online sports
betting experience from start to finish,” said Jamie MacKay, CEO,
Mazooma. “Mazooma continues to reimagine online payments with a focus on
optimizing user experience through technological innovation.”
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
igaming to emerge and Mazooma’s eCheck Select to be a first mover.
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.
Contacts
For Mazooma, Inc.
Deane Code, M: 416-732-4835
deane@codedcomm.com