Some of the transactions on my bank statements have the code "LAWS" appearing in them, followed by a 6 digit code. It is also preceded by the payer's name.
Does "LAWS" mean anything in finance systems? Or is it a bank-specific thing?
This is on a UK bank statement
Just a guess, but perhaps it is Location-Aware Web System. The phrase is used in one paper I found, though it is not specifically related to banking/finance.
As an example of how a credit card company might use this feature, see Visa's website about Mobile Location Confirmation.
However, I have no idea if this is common, and I can't find anything about LAWS showing up on bank statements.
