|MasterCard International continues to lead the way against credit card transactions with online casinos. As Congress gears up to debate online gambling, illegal in America, MasterCard again voice their support for discouraging the popular activity.|
Noah Hanft, MasterCard general counsel: 'We strongly support legislative efforts that build on our proven track record to block illegal Internet gambling transactions.'
As far back as July 1999 MasterCard led by example when they introduced new rules that would prevent their customers cards being used to gamble in online casinos. This radical stance even developed a means to identify authorization requests from Internet gambling sites that had to be coded or be rejected outright.
Since then many other financial institutions have either followed suit or been bullied by legislators into towing the line. So far this means of blocking illegal gambling is reported to have had much success. According to the General Accounting Office four out of every five requests for credit card payments by Internet casino operators are rejected.
Itís certainly no surprise that MasterCard continue to support the rejection of payments for online casinos. It must be quite a power trip for what amounts to little more than a bank to effectively be enabled to control what a customer can and cannot spend their money on. That they have been very successful preventing illegal credit card transactions is no longer as significant however. Alternate means of payment have been widely available for some time now.