Training payment processors key to Web gambling

Press of Atlantic City – Raising the standards for companies processing Internet gambling payments could encourage banks and major credit card companies to accept more deposits, adding millions to the state’s fledgling industry, one executive told Trenton lawmakers Monday. Testifying in favor of a bill that would encourage foreign Internet gambling companies to set up operations in New Jersey, Chris Thom, chairman of Secure Trading Inc., told a state Senate committee that a critical component of the legislation would require Internet gaming payment processors to go through New Jersey’s stringent licensure process. Currently, state law requires the processors, which act…