Online Casinos Hobbled as Credit-Card Issuers Reject Bets: Tech
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Just as legal online gambling gets started in the U.S., banks and payment processors are refusing to play.
Credit-card issuers Bank of America Corp., Wells Fargo & Co. and American Express Co., along with EBay Inc.’s PayPal, aren’t allowing the transactions, according to the companies. Delaware and Nevada permit Internet wagering, with New Jersey poised to become the third and biggest state on Nov. 26.