Despite being limited to 20 – 25 characters (including spaces), the purchase descriptor in a card statement is the best means by which an issuing bank and merchant can convince a cardholder that he or ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The bank says it will refuse transactions or even suspend or ...

In a bid to make digital banking safer for its customers, Westpac will no longer allow messages containing abuse to be sent in transaction descriptions. "It's shocking that individuals are using ...

Westpac said it has managed to block some 24,000 transactions that were deemed as abusive payments. In its environment, social, and governance strategy update, the bank also noted it required 19,000 ...

NAB has increased measures to automatically block abusive and threatening transaction descriptions. Payments in the NAB app on iOS and Android that feature offensive words and phrases won’t be ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The Australian bank last year acted to ban customers that used ...

CBA is set to pilot the referral of abuse in transaction descriptions to NSW Police, with the victim's consent. The bank said that if its machine-learning model detects abusive descriptions in ...