A new mobile banking app may help curb the gambling addiction in Britain by allowing customers to block spending on betting sites and online casinos. With its new application, Barclays has become the first major banking institution in the United Kingdom to give its customers the option to “switch off” certain merchant categories, so that all gambling or drinking-related transactions would be automatically declined. Barclays’ new mobile app is designed to help customers manage their money within seconds from a mobile device but with some of its functions, it focuses…
Read MoreNew Banking App to Aid Problem Gamblers by Blocking Spending on Gambling Sites
