YouTeller Launch Delayed

"After facing legal problems with NETeller, YouTeller decided to delay the launch of their new payment processor. "It is in everyone's interest that YouTeller will not be confused with NETeller," said Seed Capital spokesman Florian Schweitzer. If Seed Capital will not be able to make the legal situation clear the company will introduce an all-new online payment system next summer."

Interesting stuff. It's comical to think that Netteller's suit is based on YouTeller benefiting from their reputation. I don't think Netteller has much goodwill left in the poker community, to say the least. The US players need all the payment processors they can get without the burned out husk of what used to be Netteller pushing out new entries into the market.

I found this quote from a YouTeller spokesman especially interesting, "We are not interested in a traditional online payment system. We have developed a service that is tailor-made to the current challenges."

Call me crazy, but I've got a hunch we've already seen the worst from the UIGEA.

Full Press Release at Newswiretoday.com