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Back in US Market

Neteller’s parent company, now named Neovia has a pretty sticky past with the United States government so it is actually pretty surprising that the company is looking to re-enter the US market. Neteller made international headlines and the history books because of the settlement with the US Department of Justice that caused a huge wave of concern to ripple throughout the online casino gambling industry. Neteller’s funds were frozen as a part of the DoJ debacle that lasted for many months and the conclusion was settled that Neteller would not only pay enough to return funds to the US players affected by the DoJ seizure, but the company was fined because of lack of respect for the controversial UIGEA’s ban on financial transactions between US gamblers and offshore online casinos.

With all of that history though there is some speculation that Neovia may actually move back into the US market though certainly not within the realm of the online casino gambling industry. Neovia now specialized in a range of other payment processing solutions in the European market that are designed to facilitate internet online purchases between small businesses and consumers in the area of ecommerce. The internet is a rapidly growing medium and that is not likely to slow down anytime in the near future.

For that reason, there is definitely room for Neovia to enter the US market now that it has successfully completed all of the terms of the US settlement. Neovia is in the clear and you can be sure that the company has absolutely no plans to illegally enter the US market by processing online casino gambling transactions. Although Neovia and Neteller are active in this field in the European market the company would block these services from US gamblers until new federal legislation passes.