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First Data Payeezy Gateway Bank Response Codes Detail Information

One of my card transactions was declined with the bank response code 530 for my authorize transaction. It says here https://support.payeezy.com/hc/en-us/articles/203730509-First-Data-Payeezy-Gateway-Bank-Response-Codes that it is a generic hard decline for BML and will not pass with recycle attempts.What exactly is the reason behind this decline? Further, does this mean that all authorize/purchase transactions in the future will always fail for this card?

Re: First Data Payeezy Gateway Bank Response Codes Detail...

A 530 – Do Not Honor simply means that the Card Issuing Bank is advising that they will not approve the transaction. There are a number of reasons that this response could be returned, including lack of funds, suspected fraud, account freeze, etc. While it is possible that the card may work in the future, the Do Not Honor message indicates that the Issuer is stating that the Merchant should not accept the card.