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First Data Gets PayLucky

In response to the rapid growth of in-person and online gambling, First Data is launching PayLucky Solutions. PayLucky is a suite of payments services meant to help legal gaming entities manage all their payment needs in a single location

“First Data exists to help our clients grow their businesses and what the gaming industry needs to grow, and serve their customers better, is a dynamic one-stop-shop for the widest variety of payment options that include debit, credit, check, mobile, loyalty and prepaid processing” said Jonathon O’Connor, general manager, Online Gambling and Alternative Markets in a released statement. “PayLucky takes the complexity out of managing multiple providers and creates a streamlined experience for the U.S. gambling market with built-in risk management protections for all parties.”

The PayLucky system speeds up gamers’ access to games without a lengthy verification process.  It also protects operators accepting payments from risk using TeleCheck® Warranty ACH service, which uses third party validation and provides proprietary analysis on individual spending habits.  The new system also allows users quick access to their winnings in a variety of methods including ACH transfer and prepaid card.

The new system also hopes to help online gambling go mobile by making it easier and safer to pay through a phone or device.

“First Data offers a consultative approach focused on helping our clients achieve success in their various market segments with our comprehensive payments solutions coupled with a broad knowledge base and experience with regulations governing this industry,” O’Connor added.

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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