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Table of Contents

Lead Story

Contactless still in the race

News

Industry Update

Governator terminates data protection bill

It's thumbs down for proposed illegal Internet gambling regs

Want fries with that MRI? Health care's looming retail environment

SoCal burns, payments industry responds

Web-based tools to help merchants tackle PCI compliance

WSAA's winning meeting

SCA explores the contactless, mobile realm

Use rapport to score with cash advance

Mike Evans
2nd Source Funding

Features

AgenTalkSM:
Craig Lesser

NCR drops Tidel ATM brand

Tracy Kitten
ATMmarketplace.com

Industry Leader

Adam Atlas –
Across the airwaves, into law

Views

Tomorrow has come for PEDs

Paul Rasori
VeriFone

Education

Street SmartsSM:
Surge with emerging markets

Dee Karawadra
Impact PaySystem

Changes afoot for signature debit

Ken Musante
Humboldt Merchant Services

B2B: Rich in opportunity

Aaron Bills
3Delta Systems Inc.

Widgets: Isn't this fun?

Joel and Rachael Rydbeck
Nubrek Inc.

Company Profile

eProcessing Network

New Products

New prescription for the PCI pain?

VoyenceControl PCI Advisor
Company: Voyence Inc.

Click-and-go reordering for MLSs

USA ePay Reseller Online Product Order Form
Company: USA ePay

Online gadget brings Zen order to scheduling

Todoist
Todoist.com

Inspiration

Not rich, wealthy

Miscellaneous

Contactless creeps like early dept: Is a sprint ahead?

POScript

Departments

Forum

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

November 12, 2007  •  Issue 07:11:01

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It's thumbs down for proposed illegal Internet gambling regs

A new advisory published by the law firm Alston & Bird LLP characterizes the recently proposed regulations that would implement the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) as adding more regulations to the payments industry without curtailing the ability of gamblers to illegally gamble online.

Entitled, "Proposed Internet Gambling Regulation Would Require New Policies and Procedures for the U.S. Payment System," the advisory warns that the proposed regulations require essentially all participants in the payments system "to impose effective controls on prohibited Internet gambling payments."

This applies to those participating in the automated clearing house (ACH) system and bankcard systems, including credit, debit and prepaid cards or stored-value cards, according to the advisory.

Jeffrey Sandman, spokesman for the Safe and Secure Internet Gambling Initiative, told The Green Sheet, "The requirements on the payments industry would be onerous. [The proposed regulations] translate into extra costs and a burden for the industry and companies within the industry."

Under the proposed UIGEA rules, developed jointly by the Federal Reserve Board and the U.S. Department of the Treasury, merchant acquirers and the card Associations would be required to:

Spotlight Innovators:

North American Bancard | USAePay | Super G Capital LLC | Humboldt Merchant Services | Impact Paysystems | Electronic Merchant Systems