UBA has changed its decision to stop the use of its credit and debit cards on jewelry, betting and pornography sites, 24 hours after it issued the new rules.
Today (Friday, August 25), the bank sent its customers a new advice reversing yesterday’s decision.
Here’s the new regulations:
In our relentless bid to continuously provide excellent services to our customers, we work hard to protect your transactions and Identity.
We recently sent you correspondence indicating that your cards would be protected from certain risky sites.
We have listened to you and have heard that this is not in line with your expectations. We have immediately made adjustments accordingly.
Please be informed that all sites have been unblocked and you can now transact on any platform globally that you would like to whilst we continue to provide surveillance on some high risk activity points to protect your transactions.
We apologise for any inconvenience caused and will continue to work hard to serve you better.
And check the previous directive:
We wish to inform all cardholders that we have placed restrictions on the Bank’s debit and prepaid cards from carrying out transactions with merchants that are transacting on the following business categories;
- Dating and Escort Services
- Betting (including lottery tickets, casino gaming chips, off-track betting and wagers)
This has become necessary with the increased need to protect our customers and the institution from fraud, litigation and reputational damages.