Mazooma has confirmed that it will be launching a new method for users to deposit funds into their igaming and online sports betting accounts, via its eCheck Select Xpress feature.
The financial technology company, whose payment technology provides bank account level verification and payment processing, is on the checkout of every regulated igaming operator in the U.S. and has processed a total of over $35 billion.
Mazooma CEO Justin Ferrabee, explained: “eCheck Select Xpress deposits are a win for players and operators alike. Increased conversions result from an optimized deposit experience, especially on mobile and in-app, that gives customers a seamless, single-click deposit option.”
Xpress is a feature of the eCheck Select ACH payment product and is supported by all U.S financial institutions. It enables users to deposit funds online directly from their bank account. Its real-time ability to obtain and verify bank-level data–specifically consumer identification, account information, and balance–protects both customers and operators in igaming and sports betting transactions.
Ferrabee added: “Xpress means that customers simply confirm that they want to use the same bank account they’ve previously used and they’re done, without ever leaving the merchant’s site!”
With Xpress, repeat customers will be granted the ability to bypass the standard eCheck Select transaction flow, including online banking login. This in turn means that users will be able to complete their transactions without having to leave the merchant’s cashier or in-game betting environment.