It follows a Guardian report that alleged that Mastercard and Visa are falling short in terms of halting transactions to the illegal gambling market.
The report stated that Mastercard found itself alongside cryptocurrency being offered as a payment option for a myriad of unlicensed operators.
Nonetheless, Mastercard rallied back against the accusations, telling Payment Expert: “We have zero tolerance for illegal activity on our network. When specific instances of potentially unlawful or illegal activity are identified, we investigate the allegations so that we can work with partners to take the appropriate action. We will now do so with the sites which were noted.”
The report was less scathing about Visa, revealing that it appeared on fewer sites, however, did still have a presence on the black market.
Visa, however, lauded the impact of its Integrity Risk Programme, which is a set of guide..
