| Pipeline Data Renews Agreement with First Data
QUINCY, Mass.--(BUSINESS WIRE)--Pipeline Data Inc. (OTCBB:PPDA), a valued-added provider of merchant payment processing services and other related software products, announced today that is has renewed its merchant processing agreement with CTS Holdings, LLC, a subsidiary of First Data Corp. (NYSE: FDC). First Data will continue to provide comprehensive card processing services to Pipeline's merchant account base. "We are very pleased to continue our successful partnership with First Data," said Pipeline's chief executive officer, MacAllister Smith. "As an acknowledged leader in the card processing industry, First Data provides the advanced technology and dedicated service that helps us meet the needs of our merchants." "We look forward to extending our relationship with Pipeline Data through the continued inclusion of First Data card processing in its integrated suite of merchant services," said Rick Learch, senior vice president, First Data Commercial Services.
Paying Online Gambling: Complex Realities of Cyber-Funding
Highlighted here are the peculiar financial aspects and high risk of involvement with online wagering for those who choose to flaunting the U.S. gaming laws. Those living in the U.S., especially if working or dealing with online gambling, risk prosecution much more than a casual U.S. gamer. Since Internet betting is illegal in America, anyone breaking the law could be targeted by the U.S. Federal authorities. For instance, a large gambling ring was discovered operating in U.S and has been prosecuted on RICO charges for misusing payment schemes.
A grand jury in Salt Lake City, UT handed down indictments in early May 2007, based upon the Racketeer Influenced and Corrupt Organizations Act (RICO) and alleging "conspiracy, bank fraud, violations of the wire-wager act, and money laundering" of those involved in online gambling.
Former would-be boomtown may get second chance
Georges of today is an abridged version. Straddled by the giant iron bridge that divided and conquered it, St. Georges has the distinct feel of a chapter torn from a larger book and left with its faded pages fluttering in the wind. To truly see the town of St. Georges is to see what a difference one fateful day makes. There was a time, not too terribly long ago, when St. Georges was a boomtown. In those days, Du Pont Highway carried traffic through the town instead of over it. A lift bridge connected the canal's north and south banks, and the town prospered. "They say you couldn't even back your car out of the driveway in summertime because of the traffic," said Erik Dressler, past president of the St. Georges Civic Association. In that chapter in town history, there were nine gas stations and two hotels in town.
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