iGaming FinTech Mazooma has announced they are partnering with FinTech data network Plaid to create a new payment tool which makes transferring money for online gambling and sports betting easier than ever before.
An innovative and effective payment solution
The news was announced yesterday in a press release. Dave Roe, Chief Operating Officer of Mazooma, said this in his statement: “Partnering with Plaid, Mazooma will maximize conversion for our merchant clients by making it even faster and easier for players to fund their accounts.”
He continued: “Plaid’s optimized user interface and U.S. bank connections are an ideal complement to Mazooma’s ACH processing platform, risk management features and compliance protocols.”
The new payment tool is already available for customers on BetMGM. iGaming operators Borgata and Party Poker should also have access to the FinTech solution soon. It will make depositing and withdrawing money quicker, easier, and safer for online gamblers.
Streamlining funding whilst reducing fraud
Both FinTech companies are confident in the proficiency of their payment solution. “Partnering with Mazooma will help streamline account funding and reduce fraud for gaming companies and their players,” said the Head of Partnerships at Plaid, Lowell Putnam.
He added: “Plaid’s consumer-permissioned data network will also support Mazooma’s merchant customers with state expansion initiatives as the industry continues to grow and can help support responsible gaming initiatives for consumers.”