Safety Concerns About Internet Banking
How safe do you feel when doing your banking online? Most people are confident in the security measures the banks have in place, but in spite of the cases of online fraud almost doubled in 2008 and experts expect this percentage to rise in the coming years. Read more
Tags: internet banking, halifax, online fraud, place, keylogging, safety, main ways
Online Banking Fraud is on the Rise in the UK
The instances of fraudsters using software that enables them to access bank accounts has rose dramatically in 2008 when compared with such occurrences in previous years. According to bank authorities, online banking fraud doubled in this year alone. The device used by fraudsters to accomplish this task is called keylogging. Read more
Tags: online banking, bank accounts, internet bank accounts, internet banking, online bank accounts, keylogging, bank fraudInternet banking needs innovation
May 29, 2007 by admin
Filed under News, News-Banking
Internet banking recently turned ten but one of its pioneers says the current crop of sites lack innovation and direction.
Jim Spowart, chairman of peopleschampion.com, who created the UK’s first bespoke internet banking site, has criticised the current market.
He says that banks appear to be unsure of where to go next with their online banking websites and wants to see them doing more to offer customers something different.
“The banks have been concentrating on profitability. All they have done is use the technology to update their traditional banking methods,” commented Mr Spowart.
“There’s been very little thinking about how they can offer the customer something brand new. Internet banking is just an add-on convenience for many – but it hasn’t changed banking. That’s why the banks are having to hit the customers with extra hidden charges.
“In every way, the internet has changed the way we all look for products and services. The poor old traditional bankers are still scratching their heads looking for ways of gaining customers, yet the whole game has changed,” he added.
Internet banking in the UK celebrated its tenth anniversary on May 27th 2007, a decade after Nationwide launched the first site.
Internet banking is 10 years old
May 24, 2007 by admin
Filed under News, News-Banking
We are fast approaching the tenth anniversary of internet banking in the UK and our financial habits have changed significantly in that time.
On May 27th 1997, Nationwide launched the country’s first online banking service and now handling our money over the web has become commonplace.
In fact, Nationwide says that 37 per cent of UK adults now do their banking online, with the majority using it due to its convenience.
A total of 53 per cent cite convenience, while 50 per cent say that it is easy to use and 25 per cent say the speed of internet banking is their main drive for using it.
Of those who already do manage their finances online, 66 per cent check their accounts at least once a week, nine per cent of men check their every day and six per cent of women do the same.
“This research shows that internet banking has become increasingly popular. Customers have the convenience of banking from the comfort of their own home, or indeed wherever they are in the world, together with many additional benefits such as discounts and paperless statements,” said Mik Hodsdon, divisional director at nationwide.
“Internet banking has continued to be developed and enhanced over the last ten years and there is no doubt that it will attract more and more users.”
The safety of doing your banking online is one issue which affects those who do not use internet banking.
Only 31 per cent of non-users said they thought it was safe, while 86 per cent of those who already have an online account are confident that it is secure.
How Safe Is Your Internet Bank Account?
The internet is whatever you want it to be. It is such a huge resource of information, good and bad, that whoever uses the internet will find a way to use it in the way that suits them. Read more
Tags: user friendly, internet bank accounts, debts, security, 5 million, bank accounts, internet banking, online bank accountsInternet Bank Accounts – The Benefits and Drawbacks
It’s a Wonderful Life
Traditionally, the banking industry has been regarded as extremely conservative and accountants as rather boring. But these days the world of banking is far from either boring or conservative. In the past few years it’s seen the last barricades against progress crumble as it has succumbed to the hype of marketing. With all its associated talk of brand values, customer service has arrived in banking. Read more
Tags: internet access, online banking, internet banking, online bank accounts, business, internet bank accounts, room remember