Last year, NatWest introduced a unique partnership with gambling charity GamCare to provide support, advice and treatment for gamblers and their loved ones experiencing harm. This included the option to block credit cards allowing customers to take control of their spending and block all transactions linked to gambling.
The bank has now introduced this measure on debit cards to allow customers to take further control of their spending. During lockdown, NatWest saw a decline in gambling transactions. As restrictions have eased, however, gambling related spend amongst NatWest customers has started to increase rapidly. Overall gambling related spending is around 32% higher in September 2020 than in 2019.
The friction that has been built in to…
Read the full article at: https://www.finextra.com/pressarticle/84705/natwest-introduces-48-hour-gambling-block-feature-on-debit-cards