24 January 2017
visit http://www.wolterskluwerfs.com

Alliance and Leicester to introduce mobile banking

06 December 2006  |  11961 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)

Finextra news in your inbox

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

Related stories

Morse rolls out mobile banking platform

Morse rolls out mobile banking platform

30 August 2006  |  11146 views  |  0 comments
HSBC and first direct to adopt MoniLink mobile banking platform

HSBC and first direct to adopt MoniLink mobile banking platform

10 April 2006  |  11257 views  |  0 comments
Link to launch mobile ATM service

Link to launch mobile ATM service

13 December 2004  |  6345 views  |  0 comments
Link rolls out mobile top-ups across ATM network

Link rolls out mobile top-ups across ATM network

19 May 2003  |  4731 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit wavestone.co.ukVisit contisgroup.comVisit capgemini.com

Top topics

Most viewed Most shared
US fintech firms join forces to push data sharing via APIsUS fintech firms join forces to push data...
10275 views comments | 60 tweets | 53 linkedin
HSBC forms tech advisory boardHSBC forms tech advisory board
7016 views comments | 22 tweets | 23 linkedin
New York regulator blasts OCC over bank charter plan for fintech firmsNew York regulator blasts OCC over bank ch...
6181 views comments | 21 tweets | 15 linkedin
hands typing furiouslyBlockchain: Securities market infrastructu...
6180 views 0 | 3 tweets | 3 linkedin
China's Ant Financial goes global in bid for two billion users in 10 yearsChina's Ant Financial goes global in bid f...
5631 views comments | 22 tweets | 12 linkedin

Featured job

to c.£100K base, double on-target-earnings
London, UK

Find your next job