Optimal Payments and 888 announce partnership to provide payment processing services to licensed U.S. online gaming operators
LONDON, MONTREAL and NEW YORK, Dec. 3, 2013 /CNW Telbec/ - Optimal Payments Plc (LSE AIM: OPAY) ("Optimal Payments"), a leading global online payment provider, announces that it has extended its existing partnership with 888 Holdings Plc (LSE: 888) ("888"), a leading global provider of online gaming services, to offer an integrated suite of payment processing services for the licensed U.S. online gaming market.
Under the partnership Optimal Payments' services are offered as a pre-integrated solution for the 888.com brand and all other licensed operators who use the 888 platform in the U.S. gaming market. The Optimal Payments solution includes payment, gateway and digital wallet services specifically designed to meet the stringent requirements of U.S. state gaming regulators, and is already live and processing for licensed operators. 888 currently have agreements in place with operators in Nevada, New Jersey and Delaware.
Itai Frieberger, Chief Operations Officer of 888, commented: "We have worked in partnership with Optimal Payments for more than 12 years, delivering deep and robust joint solutions for our own brand and our platform operators around the world. We are very pleased to extend this partnership for the licensed U.S. online gaming market."
Joel Leonoff, President & CEO of Optimal Payments, added: "888 are a long-time, strategic partner for Optimal Payments. We are very excited to extend our relationship with 888 as we deliver on our own strategy to provide a complete solution for the licensed U.S. online gaming market."
888 is a global gaming entertainment destination, with localised offerings providing players the games they want in the language they speak with significant functionality and interactivity. The 888 gaming experience is now available in 19 languages to over 150 countries and provides something for players of all abilities. 888 is a leader in corporate responsibility, with specialist websites dedicated to both responsible gaming and corporate responsibility so that customers can play in a safe and secure environment.
About Optimal Payments Plc
Optimal Payments is a global provider of online payment solutions. Trusted by businesses and consumers in over 200 countries to move and manage billions of dollars each year, merchants use the NETBANX® processing service to simplify how they accept and settle credit card, direct-from-bank, and cash payments; and the NETELLER® payment service to increase margins, capture new customers and increase their lifetime value. Being an independent provider has allowed the company to support tens-of-thousands of merchants around the globe across a wide range of industries. Optimal Payments Plc is quoted on the London Stock Exchange's AIM market, with a ticker symbol of OPAY. Subsidiary company Optimal Payments Ltd is authorised and regulated as an e-money issuer by the UK's Financial Conduct Authority (FRN: 900015).
In the last 12 months Optimal Payments has publicly announced agreements with Caesars, Bally Technology, Vantiv, and Daon as part of its strategy of providing a suite of services to the licensed U.S. online gaming market.
SOURCE Optimal Payments Plc.For further information:
Optimal Payments Plc
North America Gaming Sales
Neil Erlick, Executive Vice President, Business Development
+ 1 514 380 2746
London: Citigate Dewe Rogerson
Caroline Merrell / Nicola Swift / Priscilla Garcia / Shelly Chadda
+ 44 207 638 9571
Canada: Zenergy Communications
United States: Feintuch Communications
Richard Anderson/Emily Simmons
+1 718-986-1596 / 212-808-4904
Optimal Payments Investor Relation
+44 207 182 1707
888 Holdings Plc
United States: Hudson-Sandler
Alex Brennan / Michael Sandler/ Laura Olson-Reyes