Payments

HSBC to introduce ATM-style restrictions on gambling by 2020

Banking and financial services giant working on spending thresholds for account customers

UK banking giant HSBC will look to introduce daily restrictions on online gambling-related transactions by 2020. In a tweet, the bank confirmed it will introduce an algorithm into its online and mobile banking platform to include ATM-style limits as part of its technical updates in November/December software release. https://twitter.com/HSBC_UK/status/1191474774041645063?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1191474774041645063&ref_url=https%3A%2F%2Fegr.global%2Fintel%2Fnews%2Fhsbc-to-introduce-atm-style-restrictions-on-gambling-by-2020%2F The bank was responding to safer…

Banking | HSBC | Payments | Responsible gambling | Safer gambling | UK

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