So you can send a personal Check?

[pokerpunchout]

http://www.treas.gov/press/releases/reports/noticeofproposedrule .pdf

If I am reading this right it looks like a cut out for writing and mailing a personal check was included in this. Does this mean sites like Party could open up to US players again as long as they only accept paper checks and cash out in paper checks?

Here is a quote from Reuters:

"The Treasury Department and the Federal Reserve issued a plan requiring bank policies and procedures that are "reasonably designed to prevent payments being made to gambling businesses in connection with unlawful Internet gambling," they said in a statement.

The new U.S. regulations would make the banks responsible for blocking credit and debit card payments for online gambling. It also bars bank customers such as online casinos from receiving Internet gambling proceeds.

"I think that that's doable," an industry source said of the proposal.

But industry officials said it seemed that regulators had addressed their biggest concern about the new law. The agencies concluded it was "not reasonably practical" for the banks to identify and block customers from sending checks and making some other types of transfers."

[JPFisher55]

The reports about all checks and ACH's being exempt from the regulations are not true. A bank or other processor may be exempt depending on their role in the check clearing or ACH transaction process.
In general, the first US bank to receive a check or ACH is not exempt and must have some policy to attempt to identify a check or ACH to be, or not, a restricted transaction. So for players depositing checks, this should not matter because payments to them do not violate the UIGEA. The regs talk about banks knowing their commercial customers. I guess that the Agencies forgot that few US bank have an Internet gambling businesses as customers.
The real rub is for cross-border ACH transactions because the first US bank is supposed to work with their correspondent foreign bank to be sure that the foreign bank does not originate a restricted ACH. Like foreign banks are going to be anxious to cooperate.
The whole system is a joke like the UIGEA.

[Jussurreal]

The one hundred billion million question now then is:

WILL WE BE ABLE TO SEND AND RECEIVE CHECKS

I'm not sure anybody knows the answer to this, not even the government.

This is the main question I'm anxiously waiting to be answered. From what I can gather, the checks are probably supposed to be blocked but nobody thinks they will be able to block them. But what do I know.

[Leveh]

Pretty sure this is relevant.

[ QUOTE ]
Internet Gambling: Checks Will Not be Blocked by Banks

U.S. banks will not be required to block payments by check from U.S. residents to online casinos as part of a new law that prohibits debit and credit cards' use in such transactions, according to new regulations proposed on Monday, Reuters reported.

The Treasury Department and Federal Reserve are working to implement the Unlawful Internet Gambling Enforcement Act signed into law by President Bush last year.

In outlining their new regulations, the agencies decided it was "not reasonably practical" to require banks to monitor and block their customers' payments
by check and some other transfer types.

"At first blush it looks like they took a very practical and pragmatic approach. They did not ask us to do the impossible," Steve Kenneally, a spokesman
for America's Community Bankers, told Reuters.

[/ QUOTE ]
Source: http://www.gambling911.com/Internet-Gambling-Checks-100307.html

The part about debit cards seems to contradict what the OP posted. Maybe I'm reading it wrong, but it sounds like we might be able to use debit cards and checks.

[Thee One]

If they allow paper checks, will they allow echecks as well? If so the emperor has no clothes.

[meleader2]

[ QUOTE ]
If they allow paper checks, will they allow echecks as well? If so the emperor has no clothes.

[/ QUOTE ]

when did he ever? Frist tricked him.