The gambling industry is among the largest on the Internet. It includes various online gambling markets such as poker, casino and sports betting. In this article, we’ll highlight the current and future trends for payment processing in gambling.

Current payment trends in gambling

For several decades, gaming has developed steadily and has become a very competitive and autonomous market with its own trends.

Cardtronics, the world’s largest ATM operator today announced its ATMs would be the first in the U.K. to allow individuals to withdraw cash using a new cardless cash service from fintech solutions provider Pin4. The Pin4Cash service will enable organizations to send cash to individuals in real-time using an SMS text message. This unique and innovative solution allows people to complete card-free cash withdrawals at the majority of Cardtronics’ CashZone ATMs around the country using only their mobile device, without requiring a payment card.

FIS^® (NYSE: FIS), a global leader in merchant and financial services technology, today announced Open Banking Hub, an innovative new payment solution for its Worldpay merchant clients and their consumers. Merchants who enable this digital bank account payment method in their online stores can allow their consumers to pay for purchases directly from their bank account, while also allowing consumers to view their bank account balance in real time during the checkout process.

One of the world’s largest independent financial advisory and tech wealth organizations is to launch a first-of–its-kind onboarding verification app amid “soaring global demand” for fintech solutions.

deVere Group’s pioneering Ident Me app provides a secure identity verification system - as an alternative to traditional customer onboarding - and a notary services function when required, which is a first for the international financial services and fintech sector.

Leading open banking infrastructure provider, Token.io, and the award-winning personal finance management tool, Money Dashboard, today announce that Token Pay^TM has been integrated into the new Money Dashboard app to power a range of smart open banking payment services for users. The integration enables thousands of UK consumers to initiate instant, low cost account-to-account (A2A) transfers from within the app.

Today the British Business Bank has announced that it has approved one new lender for accreditation to the Bounce Back Loan Scheme (BBLS), and six new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS).

Investec will join the other 20 BBLS lenders who have been accredited since the scheme opened last month.

Fenergo, the leading provider of digital transformation and client lifecycle management (CLM) technology, today announces the launch of Fen-Xcelerate, a lower cost, cloud-based version of Fenergo’s CLM solution, tailored specifically to mid-tier and boutique commercial, business and retail banks seeking to accelerate digital transformation.

Bottomline (NASDAQ:EPAY), a leading provider of financial technology that makes business payments simple, smart and secure, revealed today that 58% of financial decision makers in businesses surveyed across Great Britain view financial loss due to payment fraud as ‘part and parcel of running their business.’ Of those surveyed, 81% were unable to recover more than half of their losses caused by fraud, a figure which rises to 88% for small businesses alone.

More and more consumers are going online to purchase everything from groceries and food delivery to home improvement goods, apparel and entertainment; as they do, merchants are focused on providing an increasingly seamless experience. Today, Mastercard announced that Amazon customers in 12 countries across North America, Latin America, Middle East and Europe will have their stored card credentials tokenized. By replacing a consumer’s physical card number with a token, payment information is unique to each individual transaction and can be used only by the merchant that requested it.