Halifax bank launches a feature to protect its users from gambling-related harm
The first UK bank launches gambling card freeze. Source: flickr.com
Halifax becomes the first bank in the UK, allowing customers to apply the gambling freeze to any of their debit and credit cards. In addition to that, users can undo it, the only thing is, they must wait 48 hours, to ‘defrost’ the card.
The gambling card freeze feature was developed in recognition of how the bank can support customers to manage their money and gamble responsibly.
The bank provides additional training to a customer, facing colleagues with the branch network and telephony services, sharing further support information for customers online. Halifax is collaborating with Warwick University as well, analyzing the impact of gambling-related harm. They are going to share the results with the Gambling Commission and other external organizations in the coming months.
SEE ALSO:
Pay Space
Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.
