The morning the indictment was unsealed, federal agents arrested Elie and Campos and accused them of illegally facilitatingpayments for the online poker industry.
Much of the experimentation and innovation in banking has therefore taken place on its fringes: in facilitatingpayments, for instance, or in finding new ways of crunching data.
John Campos, a former vice-chairman of a Utah bank, is the last individual accused of improperly facilitatingpayments for the online poker industry who remains scheduled to battle the government at trial in April.
Many banks, for example, are ahead when it comes to facilitating electronic payments to individuals and small companies, says Mark Schwanhausser, a senior analyst at Javelin.