News — bank accounts

Mobile Banking-Protection Tips

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Mobile Banking-Protection Tips

The trend for doing everything on your mobile phone is growing fast, one of these fastest areas of growth is MOBILE BANKING. We can now do virtually everything we need to do with our finances directly on our mobiles, including mobile check deposits plus much more. Banks are now ‘stripping down’ their in-branch services, and concentrating more on expanding their online banking services, which saves them time and money and makes it less necessary for customers to go the branch. The big question we are all asking, is this a safe option when dealing with the extremely important and vital...

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Think you won’t get caught out by Scams?

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Think you won’t get caught out by Scams?

We hear, over and over again, on the news and through other medias, about people who have fallen for some form of financial scam, publicising how they prey on the vulnerable, like the elderly or the lonely. But don’t be fooled into a false sense of security that it won’t ever happen to you, as more and more of us are opening ourselves up for these criminals to take their ill-gotten gains. In 2018, £354m was lost to payment scams. Here are some the current financial scams that around: ‘Safe account’ scams You receive a call from a trusted organisation,...

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Biometrics – Are they a safe option?

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Biometrics – Are they a safe option?

Biometrics are something that has been around for a few years and is getting more and more common to use as a security process. They are available in various forms, a few examples are Fingerprint or voice authentication to access bank accounts, or fingerprints to unlock phones. The big questions are what exactly are Biometrics? and are they as secure as they are promoted? The word Biometrics is a word referring to the measurement related to human characteristics. An example being that a device can scan an iris in your eye, which has a unique pattern to you (just like...

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