For iGaming Transactions

New Jersey DGE offers new credit card options

2015-01-07
Reading time 1:02 min
(US).- The New Jersey Division of Gaming Enforcement has now announced that a new option has been created to help players with deposit options. In a press release, the organization spoke of a new credit card code that would aid in the depositing process at regulated online gaming sites of the state. The new credit card code has been created to assist with online gambling transactions and should be released by spring of this year.

The DGE stated that as the banking industry becomes familiar with legalized iGaming and players are able to become more educated about the funding options for online gaming, further improvements can be expected in this area of online gaming.

DGE also reported that Visa and MasterCard users have had difficulty when trying to deposit at New Jersey online poker sites. Visa transactions have a 73% approval rate while MasterCard transactions have a much lower 44% success rate. The new credit card code is expected to increase the percentage of successful transactions.

Geolocation has also been an issue and the division reported that they have continued to work with vendors of geo-location services to help enhance the connectivity with players located within the states borders. The geo-location rate currently sits at a 98% success rate and the division continues to reduce the false negatives associated with geo-location.

It will be interesting to see if the new credit card options will allow players to complete financial transactions at a higher success rate than previous methods. More information will most likely be released on this option as the release date grows near.

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