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Three more banks to implement gambling app payment opt-out

Three More UK high Street banks are to allow customers to control and block specific types of payments.

Lloyds, Santander and RBS have reportedly approved proposals to develop payment blocking functions relating to retail and online betting transaction.

The trio will follow suit by updating mobile bank apps to ensure customers can control when and where money can be spent.

The Barclay’s tool means customers can turn off in-app engagements with all gambling related properties as well as blocking payments in four further categories:  Food and Drink: Petrol Station: groceries and supermarkets: and premium websites and Phone Lines.

Due to this customers will also be able to implement controls to limit withdrawals from ATMs, as well as credit card purchases both in store and online. Santander and Lloyds have 14 million and 22 million customers respectively.

A spokesperson from Lloyds said: “Throughout 2019, we will be enhancing our customer communications so our customers are informed and alerted to their gambling spend, as well as introducing tools to improve self service options such as gambling restrictions.”

“There are no limits to stakes and prizes for online gambling, and credit cards are allowed so it is important to make it easier for people to control their spendings.”

Despite the moves from leading banks, responsible gambling advocates continue to campaign for a significantly longer “cooling off” period between deactivating a payment block and the ability to complete transaction.”

 

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Caleb is based out of Kansas City and he is responsible for overseeing day-today processes of Casino Buzz. He takes care of the backend technology, along with being the main data collector and reporter for Casino Buzz. He can be reached out at cj@casino.buzz

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