Scotiabank extends Web banking to Caribbean

Scotiabank extends Web banking to Caribbean

Toronto-based Scotiabank has launched Internet banking services for its customers in Barbados using technology from S1 Corporation.

The bank recently introduced Web banking services in Trinidad and Tobago, Jamaica, Costa Rica and Puerto Rico using the same S1 platform.

The new online services will allow customers in Barbados to view account balances and transaction histories, pay bills and transfer funds between accounts. Scotiabank says Spanish capabilities will be added to the services in early 2004.

Lance Hill, vice president, self service banking, Scotiabank, says with the S1 platform, the bank has the capability to roll out standard online retail banking across Caribbean and Central America.

"We've been going on a country-by-country basis, based on the level of customer demand. The Bahamas will be next," he adds.

The service currently covers retail banking but it will be expanded to include online business and corporate banking, says Hill.

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