LONDON, MONTREAL and NEW YORK, Jan. 15, 2015 /CNW/ - Optimal Payments Plc (AIM: OPAY), a leading global online payments provider, announces that its NETBANX® iGaming payment solution is now fully integrated and operational on the new Ontario Lottery and Gaming (OLG) regulated online gaming site, PlayOLG.ca. This follows the announcement on April 22, 2014 of a five-year service agreement between OLG and Optimal Payments.
PlayOLG offers regulated online interactive lottery, casino and poker games for residents of Ontario as well as the ability to purchase lottery tickets.
Major European and North American regulated gaming operators already use Optimal Payments' iGaming services, and the company is pleased to include OLG as a marquee client.
"We are as committed as OLG to provide responsible and sustainable online gaming," said Danny Chazonoff, COO, Optimal Payments. "Offering regulated services in this sector is highly complex and we shared our expertise and experience with OLG. This helps the company achieve its goal of responsible play while supporting community and charitable programs."
Through its proprietary NETBANX processing platform that supports integrated technologies and tokenization capabilities, Optimal Payments provides OLG the ability to deliver an enhanced customer experience while maximizing conversions.
Through a single platform, Optimal Payments' suite of services for online operators includes: regulatory-compliant account funding and disbursements; risk and fraud management; and comprehensive data management and reporting.
About Optimal Payments Plc
Optimal Payments is a global provider of online payment solutions, trusted by businesses and consumers in over 200 countries and territories to move and manage billions of dollars each year. Merchants use the NETBANX® platform and services to simplify how they accept credit and debit card, direct-from-bank, and alternative and local payments; and the NETELLER® service to increase revenues and capture new customers. Consumers use the multilingual and multicurrency NETELLER and Net+® Card stored-value offering to make secure and convenient payments. In July 2014, Optimal Payments acquired Meritus Payment Solutions and GMA as part of the company's commitment to strengthen its presence in the US market. Optimal Payments Plc is quoted on the London Stock Exchange's AIM, with a ticker symbol of OPAY. Subsidiary company Optimal Payments Ltd is authorized and regulated as an e-money issuer by the UK's Financial Conduct Authority (FRN: 900015).
SOURCE Optimal Payments Plc
For further information: Head of Investor Relations, Jessica Stalley, Optimal Payments Plc, + 44 207 182 1707, [email protected]; Media Contacts - Canada: Erin Cudmore, Zenergy Communications, +1 416-591-5461, [email protected]; Media Contacts - United States: Richard Anderson/Emily Simmons, Feintuch Communications, +1 718-986-1596 / +1 212-808-4904, [email protected]; Media Contacts - United Kingdom: Andrew Dunn/Simon Fluendy, Tavistock Communications, +44 20 7920 3150, [email protected]