21 February 2018
Visit www.avoka.com

First direct extends account aggregation to non-bank sites

15 December 2004  |  7256 views  |  0 user Laptop_1

UK remote bank first direct has extended its account aggregation service to incorporate non-banking Web sites in an effort to free Net users from online 'password purgatory'.

The bank has now added 56 non-financial sites to the 63 banking organisations originally covered by its Internet Banking Plus service. It is the first move into non-financial online services by first direct, the telebanking offshoot of HSBC.

Internet Banking plus, which was launch in April 2004 and is currently used by more than 40,000 people, uses a single set of security credentials to access a user’s entire online portfolio in combination with a downloaded 'digital safe' which stores their security details using 3 Key triple DES encryption.

Richard Kimber, first direct’s chief executive says: "We have expanded Internet Banking plus to make life as simple and easy-to-manage as possible for anyone who uses the Internet, by enabling them to view many accounts, from Yahoo to British Gas, eBay to Nectar, and current account to credit card, in one place, using one easy-to-remember set of security credentials."

He says existing Internet Banking plus users have warmed to the new additions and are aggregating their non-financial services at the rate of one every two minutes.

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

OFX develops standards for safer aggregation

OFX develops standards for safer aggregation

22 November 2004  |  4175 views  |  0 comments
Crime unit clashes with First Direct over ATM warning

Crime unit clashes with First Direct over ATM warning

05 July 2004  |  6424 views  |  0 comments
First direct launches account aggregation

First direct launches account aggregation

26 April 2004  |  5680 views  |  0 comments
Telewest Broadband launches online account aggregation

Telewest Broadband launches online account aggregation

07 April 2004  |  3731 views  |  0 comments
Yahoo! UK & Ireland introduces comparative account aggregation service

Yahoo! UK & Ireland introduces comparative account aggregation service

06 February 2004  |  5787 views  |  0 comments
Lycos UK launches comparative account aggregation service

Lycos UK launches comparative account aggregation service

25 November 2003  |  4230 views  |  0 comments
UK personal finance portals aggregate accounts

UK personal finance portals aggregate accounts

06 August 2003  |  5898 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.swift.com/your-needs/instant-paymentsvisit www.ebaday.comVisit https://www.capgemini.com

Top topics

Most viewed Most shared
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
10127 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9718 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8481 views comments | 13 tweets | 12 linkedin
BBVA-backed digital banking startup targets gig economy workersBBVA-backed digital banking startup target...
7154 views comments | 8 tweets | 12 linkedin
hands typing furiouslyMaking Customer Experience Your Business
6869 views 0 | 7 tweets | 5 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job