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Payment Processor Down a Bit

The UC Group has fully processed its 2008 profits and the results are not as positive as one could have hoped – pre-tax profits were down a significant 30 percent from the previous year. UC Group is a payment processing and ancillary technology company that really sets the bar high in the global market and also has some pretty significant additions to the marketplace that other companies just have cornered yet. That being said, the loss of the US market several years ago was a huge hit for a lot of online casinos and associated companies. Any thoughts that the payment processing companies had of staying in the market illegally were squashed when the NETeller debacle went down.

As for the UC Group, the company has since spent millions of dollars lobbying for new, more liberalized gambling legislation in the United States that legalizes and licenses offshore online casinos. More specifically though, UC Group develops alternative payment processing technologies that allow the gambling companies to more securely process funds and flag money laundering and other fraudulent transactions. In fact, the UC Group’s anti-money laundering technologies are one of the hallmark features of the company’s payment processing system that is well appreciated by the online casino sites using this payment services company.

UC Group offers a range of important services that are integral to the back-end processing of transactions between online casinos and prospective gamblers. The group’s low performance is a result of US market restrictions and that’s why the group spent a whopping US $1.48 million last year lobbying the government for more liberal gaming policies.