Santander is shaking up the UK children's bank account market with the launch on 10 March of a new children's account that adapts to the needs of youngsters as they grow up and, at the same time, pays up to 3% tax-free on balances of up to £2,000. This means that youngsters can keep the same account all the way through to adulthood, when it becomes a full service current account.
The person-to-person mobile payments service being prepped by Britain's banks for a launch later this year has been christened Paym.
Barclays and Royal Bank of Scotland customers were locked out of their mobile banking apps on Friday, with RBS subsidiary NatWest blaming the problem on high traffic.
A Barclays employee acted as an inside man for a criminal gang which attached a piece of hardware to a computer at the branch where he worked and used it to steal £1.25 million, a court has heard.
Five major UK financial services firms have committed to rolling out mobile payments technology from Zapp, enabling customers to make in-store and online purchases from within their banking apps.
HSBC is Britain's most engaged bank on social media, using the likes of Twitter and Facebook to provide prompt customer service, according to research from IMGroup.
NatWest and RBS have been crowned the UK's most secure online banking providers by consumer group Which?, with Santander ranked bottom of the pile.
Santander UK has launched a new Student Smart Card which combines a University undergraduate ID with Visa debit functionality.
A week after its launch, early indications suggest that a new system designed to make it easier and quicker for Brits to switch their current account from one bank to another is proving popular.
Broadridge Financial Solutions (NYSE:BR) today reaffirmed its commitment to increased governance and transparency throughout the proxy voting lifecycle internationally by announcing the completion of a pilot process for vote confirmation with Santander Investment/Corporate Services in Spain.
© Finextra Research 2014