Payments

Monzo partners with TrueLayer to combat open banking loophole

Challenger bank looks to bring open banking payments in line with card blocks for gambling spend

UK online bank Monzo has partnered with TrueLayer to enhance its gambling protections services for customers. The new measures will allow Monzo to benefit from an extended gambling block to prevent open banking-powered payments to operators. Since 2018, Monzo customers have been able to request a block on gambling transactions which are non-reversible for 48…

Open banking | Payments | Responsible gambling | TrueLayer

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