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Fintech

Celebrity fintech Lanistar breaches advertising rules as ‘misleading’ security claims continue

Repeated misleading claims about Lanistar’s payment cards are now being investigated by the regulator

The ASA has ruled that Lanistar’s advertisements were misleading, but the offending tagline has remained on the firm’s website
The ASA has ruled that Lanistar’s advertisements were misleading, but the offending tagline has remained on the firm’s website

Promotions by fintech startup Lanistar claiming its payments cards were “the world’s most secure” were misleading and must not be made again, the Advertising Standards Authority has ruled.

Days after the ruling, however, paid promotional posts on behalf of the company have continued to spread the same claim on social media. The offending tagline also remained on the firm’s website at the time of writing on 25 May, with support posts for its products stating that its Volt payment card is “the most secure payment card ever created”.

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