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News Tag: internet banking

December 17, 2012

Financial data at risk from unsafe passwords

by Jan Harris
Financial data at risk from unsafe passwords
According to a survey by the Payments Council the problem of having to remember a different password for several accounts means that many internet users are compromising the security of their financial data. Internet users have 22 password-protected accounts on average and many use the same log-in details for more than one account, even though this is a greater security risk ...




October 4, 2012

PayPal resolves technical glitch

by Jan Harris
PayPal resolves technical glitch
PayPal, the internet-based money transfer service, has resolved the technical issues that delayed transactions for UK customers. The problem started on 29 September when a new system was introduced to speed up transactions. Unfortunately it had the opposite effect, with large numbers of transactions being sent for security checks, causing substantial delays in funds being transferred from customers accounts. Now this problem has ...




May 25, 2012

Phone fraudsters stealing bank card pins

by Jan Harris
Phone fraudsters stealing bank card pins
Fraudsters using a phone scam to trick bank card holders into revealing their pin numbers stole £750,000 in the first four months of this year. This is the same amount stolen through this scam in the whole of last year. The fraudster telephones a bank customer, often someone elderly or vulnerable, telling them that their account has been subject to fraud and therefore ...




February 9, 2012

Monthly pay lasting just 17 days

by Jan Harris
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start feeling the pinch just one week ...




November 23, 2009

Younger generation prefers mobile banking

by David Masters
Younger generation prefers mobile banking
Mobile phone applications (apps) that allow users to access their bank accounts and pay for goods are the next step in the personal finance technology revolution, the Mobile Data Association (MDA) claimed this week. MDA chairperson Steve Reynolds said demand for mobile banking will be driven by the "younger generation", who are more familiar with using their phone to make purchases. "If you look ...




November 7, 2009

Alliance & Leicester provides free anti-phishing software

by David Masters
Alliance & Leicester provides free anti-phishing software
Alliance & Leicester customers are being offered free software to protect them from internet fraudsters. The Santander-owned bank said the Rapport software is designed to protect customers from phishing attacks and malware. Rapport makes sure sensitive information entered into websites, such as passwords and User IDs, is protected from hackers seeking to gain valuable personal details and banking information. Tim Brunt, Alliance & ...




September 8, 2009

Nationwide boosts e-Savings maximum

by David Masters
”Nationwide
Savers investing in an e-Savings Plus account at Nationwide Building Society can now make unlimited deposits up to a maximum balance of £3 million. The account pays interest at 2% gross p.a./AER variable, provided the account holder makes no more than three withdrawals per year and keeps the account open for at least 12 months. Over 150,000 e-Savings Plus accounts have been opened since the ...




June 1, 2009

RBS offers customers free security software

by David Masters
RBS offers customers free security software
Royal Bank of Scotland (RBS) and NatWest have unveiled greater security protection for their online banking customers. Customers of banks in the RBS Group, including RBS, NatWest, and Ulster Bank, will now be protected from hackers, viruses, and Trojans with Rapport security software. The software offers additional security on top of anti-virus and firewall packages, giving warnings of phishing attacks, and preventing Trojans ...




December 11, 2008

Nationwide releases new online banking product

by David Masters
Nationwide releases new online banking product
Nationwide Building Society has launched a new online savings product. E-Savings Plus accounts are run like Nationwide's FlexAccounts, and offer savers a gross AER of up to 3.75%. The new account is designed for savers who want a competitive interest rate, but also need to access their savings. Customers can withdraw money from the account up to three times per year and still ...