Friday, November 14, 2014

New Partnership for Pala Interactive

Optimal Payments Announces Partnership with Pala Interactive to Provide Payment Processing Services for U.S. Regulated Online Gaming Market

Company to support the launch of Pala Interactive's online gaming platform in New Jersey with its comprehensive payment solutions for gaming operators

LONDON, MONTREAL and NEW YORK, Nov. 13, 2014 /CNW/ - Optimal Payments Plc (LSE AIM: OPAY) ("Optimal Payments"), a leading global online payment solutions provider, today announced that it has partnered with Pala Interactive, LLC, an emerging leader in the online, real-money gaming space, to provide them with payment processing services for the U.S. regulated online gaming market.

Earlier this month, Pala Interactive successfully obtained authorization, via its partnership with Borgata Hotel Casino & Spa, from the New Jersey's Division of Gaming Enforcement to provide real-money online gaming in the state.

Optimal Payments' complete suite of payment processing services for regulated online gaming in the U.S. including, its NETBANX® payment gateway and NETELLER® and Net+® stored value services, are now available through Pala Interactive's online gaming platform. Pala Interactive's customers will have access to credit/debit cards, electronic checks (ACH), NETELLER/Net+ and various alternative payment options.

"We selected Optimal Payments as our payment processing partner because the company has created and delivers the best integrated gaming and payments solution to global markets," said Jim Ryan, chief executive officer, Pala Interactive. "A key element of our strategy is to partner with best-in-breed providers, such as Optimal Payments, that bring expertise in payment processing and risk management services. Together, we will address the needs of the regulated U.S. gaming market, state-by-state."

"This partnership supports our ongoing strategy to build a complete solution for the regulated U.S. gaming market that will enable operators to bridge land-based casino infrastructure with the online world," added Joel Leonoff, president & CEO, Optimal Payments. "The Pala Group is a widely respected leader in land-based gaming in California, and through its Pala Interactive joint venture, it expects to provide the best possible online gaming experience to its casino partners. We are pleased to be working with Pala and its customers, and this agreement demonstrates our ability to provide real value to both technology providers and gaming operators alike."

About Pala Interactive, LLC

Pala Interactive, LLC in an online real money and social gaming operator that was founded in 2013 in anticipation of upcoming U.S. state legislation permitting real-money internet wagering. Focused on delivering an excellent user experience to consumers through its proprietary platform, Pala Interactive plans to be a material market participant in the US regulated online gaming market. The Company's majority shareholder is the Pala Band of Mission Indians, which owns and operates the Pala Casino Spa and Resort in Pala, California.

About Optimal Payments Plc

Optimal Payments is a global provider of online payment solutions, trusted by businesses and consumers in over 200 countries and territories to move and manage billions of dollars each year. Merchants use the NETBANX® platform and services to simplify how they accept credit and debit card, direct-from-bank, and alternative and local payments; and the NETELLER® service to increase revenues and capture new customers. Consumers use the multilingual and multicurrency NETELLER and Net+® Card stored-value offering to make secure and convenient payments. In July 2014, Optimal Payments acquired Meritus Payment Solutions and GMA as part of the company's commitment to strengthen its presence in the US market. Optimal Payments Plc is quoted on the London Stock Exchange's AIM, with a ticker symbol of OPAY. Subsidiary company Optimal Payments Ltd is authorised and regulated as an e-money issuer by the UK's Financial Conduct Authority (FRN: 900015).

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SOURCE Optimal Payments Plc