Online Banking

Jim Spowart, the chairman of Peopleschampion.com, speaking on BBC Radio Five Live and the Today Programme today (19 Sept), says internet bank is still a viable way to deal with customers’ money.

In the past five years the greatest proportion of new internet banking users are in the over-55 age group, according to APACS, the UK payments association.

Two thirds (66 per cent) of Britons have received a ‘red reminder’ for payment of their bills with 63 per cent blaming forgetfulness new research from Lloyds TSB Internet banking reveals.

The internet banking pioneer Jim Spowart says that 10 years after the arrival of internet banking, the UK’s bank and financial companies lack a clear vision of where to go next.

This week APACS, the UK payments association, marks the 10th anniversary of online banking in the UK (27 May 2007) - a significant milestone in the evolution of UK banking and payments.

As Nationwide celebrates ten years of internet banking, David Kuo, Head of Personal Finance at Fool.co.uk, comments: “Internet banking has revolutionised the way that consumers can access their money.

Nationwide Building Society is celebrating the tenth anniversary of the launch of the UK's first internet banking service on 27 May 1997.

Following news that Barclays Bank is handing out handheld chip-and-pin card readers as part of a new security initiative for its online banking customers, David Kuo, Head of Personal Finance at Fool.co.uk, says:

Barclays is sending out handheld chip and PIN card readers to online banking customers in a pioneering anti-fraud initiative.

Halifax has re-launched its online banking website, halifax-online.co.uk, with enhanced features and new services.

Online banking is booming with over two thirds of people (68 per cent) saying they conducted the majority of their banking on the net last year compared to just one in five (18 per cent) in 2005, new research from Lloyds TSB Internet banking reveals.

Nationwide credit card sees online improvements and card holders can opt to go green by suppressing their statements.

For the first time the number of adults using internet banking exceeded those using telephone banking, according to latest figures from APACS, the UK payments association.

Alliance & Leicester’s drive to prevent internet fraud and safeguard its online banking customers has seen it clinch a roster of awards from the notoriously competitive computing industry.

Online banking enters a new era today, as Lloyds TSB launches a ground breaking service allowing customers to pay, view and store ‘paperless’ bills online. The new ‘bill manager’ service gives customers the ability to view all of their household bills in one place and will be available free of charge to anyone registered with Lloyds TSB Internet banking.