SMA Financial (www.sma.co.uk), the SWIFT Regional Partner for UK, Ireland and the Channel Islands today announced the world's largest building society, Nationwide has gone live with the SMA SWIFT Service Bureau. The improved automation of processing has delivered an STP (straight through processing) rate of 99.98%.
From November 1st 2010 Nationwide's FlexAccount debit card will incur a commission charge and a cash withdrawal charge for transactions in currencies other than Pound Sterling*.
Nationwide is today announcing that it has launched a new mortgage application system for intermediaries called NFI Online, which is designed to help them manage their workloads and provide them with greater control over their cases.
BT has been awarded a contract by Nationwide, the world's largest building society, to provide the organisation with managed security services.
Unisys Corporation (NYSE: UIS) today announced that its UK subsidiary has completed a database consolidation initiative with Nationwide Building Society which is expected to result in significant savings in energy and operational costs by 2012.
The Co-operative Bank has topped a review of how well UK retail financial services Web sites sell services and products, with Yorkshire Bank bottom of the pile.
The UK's Nationwide Building Society is to ban small value cash withdrawals at its branch counters in an effort to reduce queuing times and move more routine transactions to the ATM.
The Co-operative Bank and Nationwide outperformed rival UK banking Websites in an accessibility study conducted by Keynote Research.
Nationwide has teamed with IT firm Unisys to virtualise 500 servers at its data centre in a project expected to save the UK building society over £8 million.
With Christmas just around the corner, many people will be out and about using their credit and debit cards in stores, restaurants or cash machines. But fraudsters are also likely to be active at this time of year.
© Finextra Research 2016