Payment Solutions Payment Processing News

NETeller’s American customers are out of withdrawal options and are being asked to wait patiently while the company tries to determine how to move money to the U.S.

NETeller co-founder Stephen Lawrence posted bail Friday after appearing before a District of Southern New York Judge.

Last night, just two days after its founders were arrested and charged with money laundering, the popular e-wallet NETeller stopped allowing American players to use its services to transfer money to and from Internet gambling sites.

NETeller’s sudden exit from the U.S. market has players searching for new ways to transfer money to and from their favorite online casinos.

NETeller co-founder John LeFebvre was released Wednesday morning on $5 million personal-recognizance bail.

Two days after its founders were arrested and charged with money laundering, NETeller announced that it will no longer allow American customers to transfer money to and from Internet gambling companies.

NETeller founders Stephen Lawrence and John Lefebvre are being charged with laundering billions of dollars of Internet gambling poceeds, U.S. Attorney Michael Garcia announced today.

The founders of Neteller, a payment services company, have been charged by the U.S. with laundering billions of dollars from online gambling proceeds.

Stephen Lawrence is charged with laundering money.

John Legebvre is charged with laundering money.

International News Brief: NETeller said today it would continue operating in the US until new regulations on internet gambling, which are expected to make its business illegal in there, are drawn up.

NETeller released an update on its position in response to the Unlawful Internet Gambling Enforcement Act. While the company is not based in the United States, it intends to abide by the Unlawful Internet Gambling Enforcement Act "as if it were subject to the Act's jurisdiction."

Internet payment processor Neteller says it will comply with new U.S. legislation aimed at prohibiting online gambling.

PartyPoker.com's reign at the top of the U.S. Internet poker mountain has come to an end.

This is an official statement from Neteller in response to the Unlawful Internet Gambling Act passed by the United States Congress on Friday, September 30.