Internet banking secured, concern about fraud cases via phishing
An average of 159 online banking fraud cases were recorded monthly from January to September but these were mainly via phishing, the Association of Banks in Malaysia (ABM) said. ABM chairman Datuk Abdul Hamidy Abdul Hafiz said on Oct 13 there were over 12 million online transactions carried monthly in Malaysia and categorically stated that Internet banking is safe and secured. “We would like to put in perspective and assure the public that cases of online banking fraud through phishing or SMS were not the result of any intrusion into the Internet banking systems of bank.
Foreign bank execs, Chinese officials to meet on draft rules
SHANGHAI - SENIOR representatives of about 30 foreign banks in China are expected to express their concerns about draft rules for domestic banking business at a high-level meeting tomorrow in Beijing, banking sources said yesterday.
Fighting Fraudulent Transactions
Bruce Schneier blogs about why the focus in fighting online banking fraud needs to be on the transactions themselves, not solely on authenticating the user's logon....
Ideal Candidates For Internet Banking
Internet banking works well for just about anyone, but for some people Internet banking is better suited than for others. If you are someone who has dozens of bills to pay every month, you'll probably benefit from online banking. Online banking will save you time and money. You can streamline your banking and payment processes with the click of a button and keep track of statements and payments without a huge paper trail. For many this tiny benefit is enough to convert them to Internet banking.
Boom in Mobile Phones Offers New Banking Opportunities for the Poor: South Africa Study
The Consultative Group to Assist the Poor (CGAP), United Nations Foundation (UN Foundation), and The Vodafone Group Foundation (VGF) today released the first public findings on how low-income individuals in South Africa use mobile phone banking (m-banking). The findings show that m-banking can be up to a third cheaper for customers than the current banking alternatives, and users value the service for its security and easy use. However, this study shows more needs to be done to address negative perceptions about the cost and effectiveness of mobile phones and m-banking.
Current Accounts, The Benefits Of Online Banking
If you have a bank account then you might have heard about Internet banking If you use computers regularly or not Internet banking could really be useful to you There are a large number of benefits to Internet banking and when used well they can replace a lot of the functions of your regular banking If you want to know more then here are some of the benefits of online banking Rise of online banking Over the last few years online banking has become more and more popular From a few high street banks offering online services to some banks now operating totally online there are a lot of options to choose from