Barclays anti-fraud card reader 'improves personal security' by Finance News Bulletin
- Home
- »Barclays anti-fraud card reader 'improves personal security'
Published: 24/04/07
Handheld chip and pin certificate readers being rolled out by Barclays are set to "enhance" online banking services for clienteleThe group is sending out the plans, known as PINsentry, to online banking customers, in an attempt to crack down on fraudulent initiativesWhen making certain payments online, consumers will employ the device to authenticate their log in, replacing the require for passwords or unforgettable wordsOver 500,000 Barclays card readers are being sent out to consumers around the state, while those customers who desire to use their online accounts to pay bills or view their accounts will be clever to use the service without the device
Barnaby Davis, manager for electronic banking at the collection, said: "Barclays is constantly working to help protect customers and their money and that is why we have invested in this system"PINsentry is the next generation of deception prevention technology and Barclays is proud to be the first organisation in the UK to roll it out to its
Visit original article:Related Articles:
Consortium Alter ABN Amro Board - Published:24/10/07
The consortium who lately acquired ABN Amro in a £49bn deal have rejigged the bank’s management boardblot Fisher has been appointed as the new chairman and will move from his role as RBS executive subject to a shareholder’s take part in an election, replacing outgoing Rijkman Groenink who foliage his position with a £20m bribe, having favoured a rival bid from Barclays during the protracted conquest negotiations Fisher’s appointment must be ratified by shareholders in a vote set to happen in the coming monthsMeanwhile, the chief executives of each of the three banks in the group – Sir Fred Godowin of RBS, Juan Inciatre of Santander and Jean-Paul Votron of Fortis – will link the ABN decision-making board chaired by Arthur Martinez They will replace Marcus Pratini de Moraes, Gerhard Randa, noble Sharman of Redlynch, David tycoon de Rothschilf and Paulo ScaroniConsortium Alter ABN.
Read More: Consortium Alter Abn Amro Board >>Barclays tried to take my home after crash - Published:15/09/07
A woman who suffered terrible injuries in a car crash faced a five-year fight to prevent Barclays repossessing her homeIt was only after Money Mail intervened that the store agreed to discontinue pursuing Sharon Olliver over her mortgage debtThroughout her ordeal, she kept Barclays informed of her monetary position - but that did not discontinue it attempting to repossess her £200,000 house five timesMrs Olliver, 51, of Reading, Berks, was left with no feeling in her legs and not capable to walk after the accident on the M4 in demonstration 2000, which led to three main back operationsShe had to quit her £30,000-ayear clinical job, suffered depression and cut down into arrears on her mortgageHer first court battle came in 2003, followed by two in 2004 and another in 2005 Each hearing was adjourned, until a formal possession arrange was made in May this yearYet Mrs Olliver cleared the residual £55,800 of her original mortgage in November 2005 from the proceeds of a personal injury compensation pay-out, which it had in use her five years to secure from insurer Direct rowBarclays, however, was still difficult a further £8,164 in fees for missed payments, bounced direct debits and lawful costsThe May possession order was adjourned until imposing, when Mrs Olliver made her fifth court look Mrs Olliver, who can now walk following intensive physiotherapy, was told in an eviction notice from Reading region Court dated August 15: 'The eviction will take put on August 30, 2007 You should arrange to leave the property with your possessions before this date'However, the case was adjourned until later this month before Barclays backed down The bank has now cancelled the debt and the court act, apologised to Mrs Olliver and is negotiating compensation with her Yet it backed down only last week after MoneyMail became involvedMrs Olliver, who remortgaged to the Woolwich in 1999, a year before it was taken over by Barclays, says: 'The way I was treated was disgusting It is a empty victory as it took the power of the nationwide press to shame Barclays into backing off'What chance do others have when my solicitor could not solve the problem and the only alternative was to contact the Mail'Mrs Olliver's home loan expenditure were covered by a mortgage and income protection rule until December 2001Then, in 2002, Barclays began its pursuit Between January 2002 and November 2005, she paid £15,69978 in six instalments funded by interim payments from Direct LineUntil compensation at home, she used heating only as a last resort and installed a gauge so she used irrigate sparingly She also had to sell her designer clothes and jewellery Sadly, she tear up with her partner of five years in 2004 Throughout her ordeal, Sharon kept Barclays informed She also fell into amount overdue on her council duty and was overdrawn on a Nationwide current explanation, incurring more bank chargesPeter Tutton, of Citizens' Advice, says: 'Too often, lenders are showing a be short of of understanding or customer care We are considering more cases where lenders are unwilling to talk repayment arrangements before taking court action'A Barclays orator says: 'We offer our unreserved apologies to Mrs Olliver, as having reviewed her situation we believe this has not been handled appropriately and have decided to redeem the mortgage We will be liaising with our client regarding a gesture of kindness'Lenders admit they are getting tougher on those in arrears after forcing 14,000 out of their homes between January and June this yearThat represented a 30% add to compared with the same period last day If you are having trouble paying off your mortgage or are being pursued by your lender, contact a money owing charity such as Citizens' Advice or the National Debt rowSelect a loan term 12 months (1 year) 24 months (2 existence 36 months (3 existence 48 months (4 existence 60 months (5 existence 72 months (6 existence 84 months (7 existence 96 months (8 existence 108 months (9 existence 120 months (10 existencePlease select a type of cover Life cover Home and contents Car Breakdown services Health - checkup Health - dental Travel Pet - dog favorite - cat GOThinking about investing in property This is Money has the best buy-to-let in order and advice >> Buy-to-let.
Read More: Barclays Tried To Take My Home After Crash >>Rates shake for Northern Rock - Published:14/09/07
Adam Applegarth's timing could have been improved Just five hours before this interview, the Northern Rock leader executive is forced to issue a profit warning which send the shares descending 12%seraph OF THE NORTH: Northern Rock gives 5% of pre duty profits to North East community projects but the bank has been strike by rising ratesThis is Money has been named monetary Website of the Year in recognition of its campaigning reporting >> ReadBy midday, he's already been harangued by analysts, investors and journalists, vocation for an explanation of why the mortgage bank's corona has slipped Not that you'd realise it from his relaxed demeanour'There are always high-quality days and awful days,' he smiles The bitterness of the profit downgrade was sweetened by Northern finally in receipt of its Basle II waiver yesterday, which will release spare assets and pave the way for 'a huge increase in dividends and split buybacks''We've been to come three years for this waiver and it comes on the same day as a profit warning,' he says dryly 'The strange thing is, I be acquainted with the share price has had a good shoeing but I also know the material we are announcing nowadays will leave the company in a much better place than it is now in three years' time'Northern Rock is feeling the pain of the interest speed rises far more acutely than the big far above the ground Street banks That's because the size of the money it lends in mortgages is raised in the capital markets, whereas the Big Four lenders can use money they have session in savings and deposit accountsThe rapid go up in rates has meant that the Libor speed, against which Northern borrows, has been rising faster than the Bank of England bottom rate, against which it lends 'When rates are going up we get squeezed, yet if they are going down we make a fortune It is harder for us because we are growing faster than most of the other banks,' Applegarth says'Over the medium word, what we lose today we gain tomorrow Because of the unevenness, it makes sense to take a three-year view'Since the consensus view is that there will be at least one or two further rises this year, he knows it won't get easier any occasion soon And for now, it seems investors aren't being very merciful, nor are they focusing on the longer-term outlook'This is the stickiest rate surroundings there could be for us, yet we are still getting a 15% profit increase But that kind of gets misplaced in the wash,' he says, with a shrug, session in his place of work in Gosforth, the upmarket suburb of Newcastle-upon-Tyne 'I feel unloved''Even though we've been telling people for existence about the structural disparity between Libor and the base rate, until it actually happens I don't think they actually factor it in,' he adds 'We could have called the interest rate surroundings better but we didn't But actually I sense alright about that because the processes we used were correct'He isn't concerned about the overall health of the mortgage market, proverb that any slowdown in new mortgages is probable to be offset by growth in remortgaging However he hints that the big increase in unsecured consumer debt, based on an hope of low tax and stable inflation, is a concernFor Applegarth, Northern Rock is his existence He joined as a graduate trainee in 1983 and has never worked anywhere else His six-month stint as a branch teller didn't turn out too well, so he worked his way up through the planning and marketing department'I'm naturally awkward When I was in the branch, the silent fear used to be by my feet You could guarantee that I'd hit it every daylight hours but I wouldn't know until PC trudge came in' He joined Northern's board in 1995 and became chief executive in 2000 Still young at 44, Applegarth has no meaning of staying in this role until his sixties, nor is he keen to move elsewhere'This is an immensely draining job because it is my life Next to my bed I have a pad of paper because I keep waking up and thinking of things,' he says 'It sounds wretched but even though I keep fit I find it shattering, so I wonder how it must be for people aged 55'Even though he is still 'really enjoying it', he is conscious that the rest of his board won't want him to wait on until retirement anyway 'There is a finite life in being a leader executive It is rather like being a football manager Very few people get to choose the timing of their leaving'All of Applegarth's wealth is joined up with Northern, where he has his mortgage, current explanation and his company pension 'I am considerably poorer than when I got out of bed this morning,' he laughs 'But the cost was about £4 a split when I took over' Applegarth was born nearby in Sunderland before being ' banished to boarding train at seven', first to a prep train in nearby Durham and then to Sedbergh, in Cumbria, where sportsmen such as Will Carling and Will Greenwood wentHe loves cricket and theater football every week, as well as being a fully paid-up follower of Newcastle United, which is sponsored by Northern Rock He is not worried about Mike Ashley's takeover, saying 'if its good for the club, then that's huge' As well as its football sponsorship, Northern is sole among FTSE 100 firms in that it donates 5% of its pre-tax proceeds to north eastern and Cumbrian charities Since 1997, this has amounted to £175mThe benefits can be seen all over the region - even a methodist church I pass on the way to the Gosforth offices has a Northern Rock base sign at its entrance Applegarth is clearly arrogant of the store's Newcastle credentials and has no intentions of pushing them aside to tranquil up to City investors'Part of the problem (with perceptions) today is we are quirky and dissimilar and we are developing,' he says 'As a small company, that is how you continue to grow'I put on't see us as a bank To me, a bank is Barclays, it's a High road clearer My vision of a bank is Captain Mainwaring, bowler hat and pinstripes We're a bunch of idiosyncratic north easterners lending cash to people to buy their homes'If Applegarth has his way, things will stay similar to that He'd like nothing improved than to see Northern, which already sells one in five mortgages in the UK, grow to far better heights However, in an era of consolidation in the banking sector, Northern's £4bn market worth makes it an easy scrap for bidders to swallow'I genuinely think Northern Rock shares are a steal, so to a certain extent we are vulnerable because we are small 'Of course it would be good to stay independent, but we are a PLC and I am not the master of that destiny'If the shareholders decide they would rather have Mrs Miggins from Spain pay money for us for £17 a share, then they are allowed to They are the owners'Does Northern Rock's shock warning herald awful news right across the banking division Not exactly Certainly, after four interest rate rises since August, the accommodation market shows early signs of cooling Mortgage approvals were down 4% in MayLehman Brothers leftovers downbeat towards UK retail banks and thinks that HBOS (down 25p at 978p) has the most resemblance to Northern downward 113½p at 834p)Both have exposure to the squeeze between the Libor interest speed, at which some banks borrow money in the assets markets, and the rate at which they lend Bear Stearns reckons fast-growing Northern's business replica is flawed in the current surroundings, when Libor is accelerating faster than the Bank of England base speedBruce Packard, an analyst at Pali International, said that Applegarth and his organization team have misplaced their credibility after saying profits were on track in April, only to get wedged out nowKeefe, Bruyette & forest is a little kinder towards them, pointing to 'period-specific strain' on the firm and a evidence 19% net mortgage shareSelect a loan word 12 months (1 year) 24 months (2 existence 36 months (3 existence 48 months (4 existence 60 months (5 existence 72 months (6 existence 84 months (7 existence 96 months (8 existence 108 months (9 years) 120 months (10 years)Please choose a type of insurance Life cover Home and contents Car Breakdown services Health - medical Health - dental Travel favorite - dog favorite - cat GOThinking about investing in possessions This is Money has.
Read More: Rates Shake For Northern Rock >>