Consumers could miss out on bargains due to fear
December 2, 2009 by admin
Filed under News, News-Banking
The fear that many consumers feel about making purchases over the Internet could be causing them to miss out on the many bargains that can be found online.
Tags: internet fraud, internet security, safety online, internet scams, online scams, online fraud
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: place, safety, keylogging, extra steps, online fraud, internet bankingLearn How You Can Beat Online Fraud
Did you know that students are the group of consumers that is most at risk for becoming victims of online fraud? For the majority of young people using the Internet for their shopping and banking needs is second nature and they spend more time online than they do actually shopping in stores or conducting business at a bank. Read more
Tags: id theft, behaviours, software, make, online fraud, Marketing, avoid online fraudChip and PIN in the home
April 18, 2007 by admin
Filed under News, News-Banking
Online banking may be about to change forever after Barclays Bank revealed that it will be sending Chip and PIN card readers to people’s homes.
The initiative is designed to reduce the cases of online fraud and beef up security for those who choose to bank over the internet.
Customers who use their Barclays online account to make payments to a third party will receive their PINsentry device later this year.
It is hoped that by introducing the new devices, customers will no longer be required to remember a user name and password to make transactions and can instead simply punch in their PIN number.
“Barclays is constantly working to help protect customers and their money and that is why we have invested in this system,” said Barnaby Davis, director for electronic banking at Barclays.
“PINsentry is the next generation of fraud prevention technology and Barclays is proud to be the first organisation in the UK to roll it out to its customers.
“The popularity of Barclays online banking service comes down to convenience and security and the introduction of PINsentry will enhance both of these features,” he added.
Barclays plans to roll out the new service to half a million customers across the UK by 2008, with this number increasing in time.
