Regulation

Is bank payment blocking the new form of self-exclusion?

As Barclays is applauded for being the first high-street bank to let customers block gambling transactions, could other financial institutions follow suit?

When Barclays announced on 11 December the launch of a feature allowing mobile banking app customers to ‘turn off’ debit card spending with certain types of retailers, the news garnered plenty of media coverage and was roundly welcomed. As well as supermarkets, restaurants, takeaways, filling stations, and premium rate websites, the simple blocking button within…

Barclays | Payments | Regulation | Self-exclusion | Technology

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