Optimal Payments has successfully reached a five-year agreement to provide its NETBANX payment service to Ontario Lottery and Gaming (OLG) for its online gaming service PlayOLG.ca.
NETBANX was selected as the winning solution after a comprehensive and competitive procurement process.
PlayOLG will offer regulated online interactive lottery, casino and video poker games to residents of Ontario. Through the five-year agreement, the NETBANX service will be embedded in the PlayOLG website to provide payment options, as well as delivering real-time fraud and risk prevention and mitigation services.
George Sweny, Senior Vice President, Charitable and iGaming, OLG, said: “PlayOLG will be the only regulated internet gaming option in Ontario. PlayOLG will return profits to the government of Ontario to help fund provincial priorities. Optimal Payments’ NETBANX system will assist PlayOLG in offering an iGaming solution that is entertaining, exciting and focused on customer service, safety and security.”
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.
Optimal Payments’ services are already used by every major European regulated gaming operator. Over the last 18 months, the Company has expanded its sector reach in North America, and now provides services to a number of regulated online gaming operators including, the Quebec government’s online gambling arm, Espacejeux; and Caesars Interactive Entertainment, owners of the World Series of Poker in the U.S. Optimal Payments also recently announced an agreement to offer payments and risk services to Bally Interactive and its clients in the US.
“We are the ideal service provider because we set the standard in providing a comprehensive iGaming solution that is designed for regulated markets,” said Joel Leonoff, President and CEO, Optimal Payments. “This agreement is further concrete evidence of our capability to deliver on our strategy to extend our reach in the regulated North American online gaming market.”