Lloyds Bank Gambling Block
- Gamban has announced a partnership with Lloyds Banking Group, which will provide customers of Lloyds, Bank of Scotland and Halifax access to its gambling blocking system. Integration of blocking software Gamban within Lloyds Banking Group was completed at the end of last month, with a number of consumers having already activated the system.
- Leaked Lloyds Bank documents raise major questions on future of its branch network. Monzo meanwhile allows users to block gambling transactions at any time through the app or by contacting.
Lloyds Bank Block Gambling Transactions
Lloyds, Santander and RBS plan to block spending at the bookies' on their debit cards, by changing their banking apps to give customers control over where their money can be spent Gambling firms.
Three of the UK’s biggest banking groups are exploring ways to support customers who are problem gamblers, although the trio have denied that definitive timeframes for the introduction of payment-blocking tools have been finalised.
Lloyds Bank, Royal Bank of Scotland (RBS) and Santander Bank have all confirmed to iGamingBusiness.com that they are considering introducing new tools for clients that would allow them to block debit card transactions to certain sectors, including gambling.
This would bring the trio in line with Barclays Bank, which introduced controls that give customers the option to block or limit transactions with gambling websites, lottery tickets and scratch cards, as well as at retail betting shops, casinos and race tracks in December 2018.
While UK media has suggested that the three banks are likely to introduce such controls within months, all denied that launch dates had been set.
“We are working on functionality for debit card holders to turn off a number of broad categories of spend, for example gambling,” a Santander spokesperson said.
RBS, which also owns the high street banking chain NatWest, added: “We recently launched the ability for our customers to freeze their credit cards and set spending budgets using our mobile app, and are always looking at further ways to help customers manage their money.”
Lloyds, which like Santander and RBS also told iGamingBusiness.com that it had not offered any guidance on when exactly such tools could be brought in, said: “We have plans to support our customers who need help with gambling.
“Throughout 2019 we will be enhancing our customer communications so customers are informed and alerted to their gambling spend as well as introducing tools to improve self-service options such as gambling restrictions.
“New card controls give customers more control over debit card transactions for extra peace of mind. This will allow users to quickly and securely restrict card usage, for example if a card has temporarily been misplaced or to avoid a card to be used in certain ways.”
Barclays became the first high-street bank to enable customers to block transactions with gambling companies last month.
After working with the Money Advice Trust and other advisers to develop the required tools, Barclays Mobile Banking app users can now block and control spending on gambling, supermarkets, restaurants, takeaways, pubs and bars, fuel and premium rate websites and phone lines
Lloyds Bank Gambling Block Software
Earlier in 2018, digital banking services Monzo and Starling Bank introduced voluntary schemes to allow customers to block gambling transactions.