There is news today of a new online bank that caters for gaming businesses and enthusiasts offering fast and secure online payments and money transfers.

Ivobank has plans to have one million customers within the next five years, with the Managing Director, Timothy Sawyer, stating that while the bank is open to anyone, it had been specifically designed with online gamers in mind.

He went on to say “The online gaming industry has developed rapidly in recent years, but the financial services supporting it have not kept pace,……Many online businesses and customers have been ill-served to date, resulting in relatively high costs and relatively low levels of service. Ivobank aims to plug the gap by offering instant and highly secure online payment services, combined with competitive interest rates.”

And concluded with “Ivobank is perfect for anyone who wants to shop online, but doesn’t want to use a credit card,”.

Customers will have access to a “virtual” debit card which can be used online wherever MasterCard is accepted.

You can apply for an Ivobank account at www.ivobank.com today, It’s free to sign up and there is no minimum deposit.

Ivobank state that gaming merchants and businesses will benefit from, Competitive rates of interest on deposits held with Ivobank, funds transferred by customers are indemnified and settled immediately- 24/7, multi currency settlements with localised payment options, low transaction fees and trouble free enhanced customer experience for online gaming payments.

Only time will tell if this new style bank will live up to its promises- i hope it does- anything for an easier way to pay for my online bingo!!