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 ...

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 ...

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 ...

Westpac is now running data analytics across inbound and outbound payments to detect "subtle threats and patterns of abuse" in description fields of payments. The bank on Tuesday sought to strengthen ...

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 ...