Optimal Payments appoints former Director of New Jersey DGE as gaming advisor

World leading payment service provider Optimal Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term has appointed the former director of the New Jersey division of Gaming Enforcement as its new strategic advisor.

Thomas Auriemma will serve as the advisor for Optimal Payments offices in the US and will provide strategic and regulatory advice on current and future U.S. state Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term in connection with payment solution providers.

Auriemma brings with him over 28 years of experience and is one of the few individuals to serve on both of New Jersey’s gaming enforcement agencies. Between the years 2002 and 2007 Auriemma was the director the New Jersey Division of Gaming Enforcement (DGE), and afterwards was deputy director of the New Jersey Casino Control Commission's Legal Division.

"I am honoured to work with a company that is a leading innovator among payments solutions providers, and committed to the protection of consumers and merchants. Optimal Payments has extensive expertise to offer state gaming regulators as they navigate the issues online gaming presents. The Company is primed to provide solutions that simultaneously protect consumers and safeguard the integrity of payments channels, without hampering the growth of this dynamic industry though over-regulation,” said Thomas Auriemma on his new advisory role.

Besides his new role at Optimal Payments, Auriemma also currently serves as a member of the Compliance Committee of Penn National Gaming, where he previously served as vice president/chief compliance officer, and as president of a number of its subsidiaries.

"We are delighted to have Thomas join Optimal Payments. With an increasing number of states currently exploring legalizing and regulating online gaming, we look forward to his guidance as we expand our reach across the U.S. His expertise and experience in the gaming industry will further strengthen our position as a leader among payment providers for the online gaming industry," said Joel Leonoff, president and CEO, Optimal Payments.

Optimal Payments, along with Skrill and paysafecard, is one of the few payment service providers authorized to process payments for New Jersey’s legalized online gaming industry. Online gambling in New Jersey was made officially legal on November 26 2013.

Optimal Payments has also recently re-launched its popular NETELLER wallet in the US.

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