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MasterCard System Effective

Mastercard has announced a new coding system at the credit card company that has recoded all of the online casino gambling related transactions that are effectively passing through system right now. Mastercard has gone this route once before but to no avail – although the online casinos deny recoding their transactions to circumvent the Mastercard blocks, Mastercard asserts that this is the only way that gambling sites could have continued using the credit card company for gambling related transactions. With threats that the UIGEA enforcement regulations will take effect as soon as June 1, 2010, the credit card companies have to come up with an effective system now, before the new restrictions are enforced.

Mastercard announced the plan to once again block online casino gambling transactions just last month and the new system has already fully gone into effect. And that means that gamblers from the US can no longer user their Mastercard credit card to make deposits into their gambling accounts. The online casinos facing the US and still violating the UIGEA by targeting US gamblers are finding it increasingly difficult to process payments and actually offer full internet gambling services. The US Department of Justice is coming down hard on both sides of the equation – the depositing of funds into online gambling accounts as well as the payment and withdrawal of these same funds.

Without effective deposit options there is no way that the US gamblers can easily operate their accounts at offshore online casinos. At this time, Mastercard is the only major credit card company to really solve the issue, Visa has still not resolved the transaction coding problems and gamblers are able to use Visa cards to make account deposits.