The company has announced that the closure of its legacy eGaming software business, which supports the trading activities of online sportsbooks and casinos, is the culmination of a strategy initiated 9 months ago that enables IQL to focus entirely on the payments processing sector.
IQL also announced the launch of the company\’s First Pay GlobeWallet pre-paid Visa payment system, which allows consumers to use a fast, safe way to pay at millions of internet and retail locations worldwide, as well as to withdraw cash from any authorized Visa ATM globally.
Mike Muscato, Chairman and CEO of IQ-Ludorum, commented: “Since the re-financing of the Company in 2005, the Board has worked hard to re-position IQL as a provider of world leading payments processing products. Today\’s announcement now enables IQL to move forward without the burden of its legacy eGaming software and to capitalise on the huge opportunities it has identified in the e-commerce sector. Today\’s announcement of the launch of our GlobeWallet pre-paid Visa payment system demonstrates our world leading position in the field and we can look forward with real confidence to the future.”
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