Banking News
OFT bank charges
Commenting on the announcement that the OFT is to launch a formal investigation into bank charges Stuart Glendinning, managing director at moneysupermarket.com, said:
PayPal launches new all-in-one payments solution
PayPal UK has announced the launch of Website Payments Pro, a new product that helps UK businesses of any size to accept online payments conveniently, cost-effectively and securely. Website Payments Pro enables merchants to offer a more controlled and streamlined buyer experience as the payment flow can occur directly on the merchant’s website.
Threats to free banking have delayed OFT ruling
The Office of Fair Trading’s delay on announcing limits on bank charges is an acknowledgement that a clampdown on fees could mean an end to free banking for all, leading financial research company Defaqto believes.
uSwitch.com: OFT's announcement of an 'in depth study' into bank charges
Following the Office of Fair Trading’s (OFT’s) announcement of an ‘in depth study’ into bank charges today, Nick White, Director of Financial Services at independent price comparison and switching website uSwitch.com, comments:
NCC welcomes financial inclusion strategy
NCC welcomes government’s launch of its Financial Inclusion strategy as a next step in tackling the 2 million adults who still do not have access to a bank account, and supports additional measures to increase affordable credit, promote Christmas savings schemes and protect low-income savers.
Yorkshire Building Society expands its web services
Yorkshire Building Society has announced two new services available via its website.
PayPal announces nearly 35 million accounts in Europe
PayPal announced today that it has nearly 35 million accounts in Europe. This milestone demonstrates the growing popularity of PayPal among internet consumers and merchants across Europe.
Ed Balls publishes document on unclaimed asset scheme
The Economic Secretary, Ed Balls, today launched a consultation document on proposals to introduce an unclaimed assets scheme in the UK, in order to allow money in dormant bank and building society accounts to be reinvested in society, without taking away consumers' rights to reclaim their money.
RBS launches mobile banking service in North Wales
The Royal Bank of Scotland (RBS) has today launched a new state of the art mobile banking service in North Wales.
BBA supports Government paper on unclaimed assets
The British Bankers’ Association (BBA) has confirmed the banking industry’s support for the proposed approach on unclaimed assets set out in the Government consultation paper issued today.
Credit Unions offer alternative to high street bank accounts
From this weekend people will have a new home for their money as credit unions launch current accounts.
Bank helps heritage Great Britain keep Britain great
Alliance & Leicester Commercial Bank deal secures the future of some of the countries top landmarks and attractions.
Industry celebrates 15 years of ‘the banking code’
The banking industry today (16 March 2007) marks the 15th anniversary of the Banking Code - a voluntary code that sets the standards of good banking practice for financial institutions to follow when dealing with personal customers in the UK.
Nationwide welcomes the government’s determination to tackle climate change
Following publication of the climate change bill earlier this week, Nationwide Building Society has welcomed the government’s determination to tackle the issue of climate change. By setting clear targets, the government is providing clarity to both businesses and homeowners about what they hope to achieve in the longterm.
Britannia is top of the class
Britannia Building Society has launched a financial education programme which will be delivered by its staff to school pupils.