FNB disables Visa card for crypto exchange
First National Bank (FNB) says it has completed engagements with its payment gateway partners and has decided to reverse all debit transaction passed on to some customer accounts as a result of transactions initiated on binance.com, a cryptocurrency exchange. The bank explained that it had series of engagements with it gateway partners and the outcomes confirmed the bank’s position on the settlement of the transactions on Binance. The Head of Retail Banking, Akweley Laryea, explained that customer complaints on the foreign exchange adjustments and their effects on account balances necessitated further investigations in the transactions. “Reviewing the details of customer...
