Gaming-industry payments provider Mazooma has entered into a partnership with the leading financial data network, Plaid. The deal aims to bring an Instant Bank Transfer payment solution to igaming and sports wagering operators in certain regulated US states.
“Partnering with Plaid, Mazooma will maximize conversion for our merchant clients by making it even faster and easier for players to fund their accounts. Plaid’s optimized user interface and U.S. bank connections are an ideal complement to Mazooma’s ACH processing platform, risk management features and compliance protocols,” Dave Roe, Chief Operating Officer at Mazooma, said.
“Partnering with Mazooma will help streamline account funding and reduce fraud for gaming companies and their players. Plaid’s consumer-permissioned data network will also support Mazooma’s merchant customers with state expansion initiatives as the industry continues to grow and can help support responsible gaming initiatives for consumers,” Lowell Putnam, head of partnerships at Plaid, said.
Mazooma’s Instant Bank Transfer product is available to current Mazooma operators through their existing integrations and is expected to roll out to its full roster of clients by the end of 2020.