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#1862145 - 10/17/13 12:53 PM NJ Internet Gambling - AC
joser Offline
Member
Joined: Sep 2005
Posts: 68
NJ
Hi Every one

Anyone start looking on how they will identify and handle on-line casino gambling transactions? My understanding is it will be tested in November by invitation only and only open to NJ residents. Two casinos are in AC are ready to roll. Currently we block "betting" on card activity - just wondering how transactions will identified?

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#1868033 - 11/04/13 06:09 PM Re: NJ Internet Gambling - AC joser
DeeQ Offline
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DeeQ
Joined: Dec 2002
Posts: 40,766
Turnpike Exit 10
Did you check with your core provider?
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Get your facts first, then you can distort them as you please. - Mark Twain

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#1874656 - 11/27/13 03:00 PM Re: NJ Internet Gambling - AC joser
GoGreen Offline
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Joined: Dec 2007
Posts: 288
PA
Did you check with you debit and credit card provider and transacttions processor?

I am looking at if I need to update REG GG policy and procedures with this new law.

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#1876062 - 12/04/13 07:47 PM Re: NJ Internet Gambling - AC joser
komply Offline
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Joined: Apr 2008
Posts: 475
NJ
Reg GG deals with unlawful internet gambling, this is legal

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#1876101 - 12/04/13 08:19 PM Re: NJ Internet Gambling - AC komply
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,292
Originally Posted By: komply
Reg GG deals with unlawful internet gambling, this is legal


Right, so they need to " unblock".
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#1876104 - 12/04/13 08:24 PM Re: NJ Internet Gambling - AC joser
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 80,341
Galveston, TX
Not necessarily. Just because it may be legal does not mean that current card agreements allow them to be used for gambling purpose nor may it be the bank's policy to allow such usage. Regulation GG does not impact the use of individual consumer cards anyway.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#1876107 - 12/04/13 08:27 PM Re: NJ Internet Gambling - AC joser
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,292
I agree. But the comment ren Reg GG being re illegal gambling didnt get to the issue. If policy and cards allow, and the bank has been blocking, bank can now allow, Reg GG aside.

The question wasn't a Reg GG question.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#1876126 - 12/04/13 08:57 PM Re: NJ Internet Gambling - AC joser
komply Offline
Gold Star
Joined: Apr 2008
Posts: 475
NJ
Agree KB not a Reg GG question

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#1876133 - 12/04/13 09:09 PM Re: NJ Internet Gambling - AC joser
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 80,341
Galveston, TX
I am looking at if I need to update REG GG policy and procedures with this new law.

This was not a Reg GG question?? OK - then I am wrong in making the statement that I did.

They also don't "need to unblock". It is a bank decision based on existing contracts.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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