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.
The UK's Nationwide Building Society has angered customers after withdrawing its OFX download facility, meaning users can no longer automatically update money management software and aggregator Web sites with their account information.
UK consumer group Which? has accused Abbey and Halifax of employing poor online security measures, leaving customers vulnerable to fraud.
In a move to bolster its position to meet regulatory compliance mandates, Nationwide Building Society, one of Britain's largest retail financial services firms has deployed a product from ClusterSeven, an international provider of strategic spreadsheet risk and data management software for financial institutions and Fortune 500 financial reporting divisions.
Unisys, the worldwide technology and solutions company, today announced the successful migration of Nationwide Building Society's cheque processing function. This represents a key milestone in the seven-year business process outsourcing (BPO) engagement that Nationwide awarded to Unisys in December 2007.
Hundreds of people flocked to a Nationwide Building Society cash machine in Manchester yesterday after it started dispensing twice the amount of money requested.
© Finextra Research 2015