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Online Banking

Counting money instead of sheep at night? You could be a financial insomniac

Checking your bank balance is a national nocturnal pastime with more than a third of people logging on throughout the night – eclipsing other consumer activities such as online shopping and downloading music.

Paym available to even more customers

Customers of Clydesdale Bank, Isle of Man Bank, NatWest, Royal Bank of Scotland, Ulster Bank and Yorkshire Bank can now register for Paym, adding to the number of leading UK banks and building societies offering the secure way to pay using just a mobile number.

Four million people interested in trying online banking for the first time

Millions of British adults who have never tried internet banking would be interested in doing so, according to new independent research published by the Payments Council.

first direct launches Paym for its customers

From 14th October, first direct customers will be able to use Paym to make secure payments of up to £350 per day to friends, family and anyone else using the Paym service with just a mobile phone number from the first direct Banking on the go App.

Santander launches new mobile banking app for students

Santander UK has launched an innovative new mobile banking service which is set to transform the way its customers can keep track of their everyday finances and spending.

Summer socialising leads to £148 million in unpaid IOUs

A third (34%) of young people expect to be out of pocket by an average of £64 each over the summer due to lending money to friends who don’t pay them back.

Barclays announces mobile payments to India through Pingit service

Barclays reveals the launch of a new function allowing mobile payments to India through its Pingit mobile payments service in the UK, opening it up to the largest remittance market between the UK and another country.

Paym reaches one million registrations

More than one million people have registered with their bank or building society for Paym, the new secure way to pay using just a mobile number, since the service launched in April this year.

Nationwide’s mobile app creates saving spree

New features on Nationwide Building Society’s top rated mobile banking app are enabling customers to manage their money and save the pounds.

Lloyds Bank releases new features on leading app for mobile banking

Lloyds Bank has introduced a new range of features for the bank’s secure and easy to use Mobile Banking app on handheld devices.

first direct launches Windows 8 version of ‘Banking on the Go’ app

first direct has launched a Windows 8 phone version of its ‘Banking on the Go’ mobile app.

Quarter of Brits admit to sharing their online banking login details

A quarter of online banking customers in the UK admit to sharing their login details with another person, with one in five (19.2%) giving this information to their partner, new research has found.

Online mortgage applications set to double

Nearly one in six homeowners applied for their current mortgage online (16%) and this is set to double, with 33% saying they are likely to apply for their next mortgage online, according to latest research from HSBC.

Mobile payments gain momentum with launch of Paym

Commenting on the launch of the new mobile payment system, Paym, Ernest Doku, telecoms expert at uSwitch.com, says:

Mobile payments service ‘Paym’ to launch this month

From the 29th of April 2014 consumers will be able to use their mobile phones to make bank payments via the new Paym service.