02 December 2015

Alliance and Leicester to introduce mobile banking

06 December 2006  |  11608 views  |  0 smartphone with graph

UK banking group Alliance and Leicester (A&L) is launching a mobile banking service in the new year to run on the MoniLink network developed by IT services firm Morse and the Link Interchange Network.

To use the service, consumers need to download an application onto their phone. As with online banking, once registered and authenticated, customers will have secure access to their account.

A&L cuurent account customers that register for the service will be able to check bank accounts and recent transactions using their mobile handsets. Customers with a pre-pay mobile phone account will also be able to use the service to buy airtime.

The bank says it intends to extend the range of services available using Monilink to include funds transfers, bill payments and the ability to access other accounts.

Commenting on the new service Ian Tandy, director of e-commerce at A&L, says: "Using a mobile phone for banking will enable customers to have an even better handle on their finances, with up to the minute detail, accessed through a secure channel.

"The security built into this technology ensures that all details are automatically deleted from the phone once read, giving customers peace of mind and confidence in the service."

Monilink is offered in the UK through mobileATM Limited, a 50:50 joint venture between Morse and Link. HSBC and first direct were the fisrt banks in the UK to provide banking services over the MoniLink network.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

30 August, 2006
10 April, 2006
13 December, 2004
19 May, 2003

Related company news


Top topics

Most viewed Most shared
EPC publishes proposals for pan-European i...
8141 views comments | 36 tweets | 34 linkedin
Former Barclays chief forecasts massive jo...
7746 views comments | 30 tweets | 37 linkedin
WeChat launches mobile wallet in South Afr...
6723 views comments | 20 tweets | 16 linkedin
BBVA Bancomer first to roll out dynamic CV...
6453 views comments | 14 tweets | 21 linkedin
Hilton confirms data breach
5939 views comments | 11 tweets | 17 linkedin

Featured job

£100,000 basic, £180,000 OTE + Benefits

Find your next job