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 ...

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 ...

CBA has identified more than 8000 customers that were being harassed or intimidated through a series of low-value deposits to their accounts, with abusive messages in the transaction descriptions. The ...