Payment Solutions Payment Processing News

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.

Legal expert I. Nelson Rose analyzes the legislation prohibiting Internet gambling that passed in Congress over the weekend.

Record numbers of I-gaming industry members participated in the annual Global Interactive Gaming Summit and Expo (GIGSE) May 16-18 at the Palais de Congres in Montreal.

Certegy Inc. has signed a multi-year agreement to provide a wide range of cash access services to Pala Casino Resort & Spa in San Diego.