UK: SG TO BOOST LINKS WITH NATWEST

Article Abstract:

French bank, Societe Generale (SG), has announced that it would like to broaden its existing links with NatWest. The French bank has said it would like to extend the agreements in cross border payments between the two banks which have been in existence since 1993.

Foreign operations, National Westminster Bank PLC (London, England), Societe Generale

---

UK: CITIBANK PLANS LINK RETHINK

Article Abstract:

Controversy over moves by banks to introduce charges on customers using automated teller machines (ATMs) has led to a rethink by Citibank regarding it joining the Link network. Citibank's UK customers can use the cash machines of other banks thanks to an agreement with Visa, whose charging structure is akin to the interchange fees operated by Link at present but which leading banks are keen to abolish. Citibank's UK marketing director, Martin Johnson, noted that the cost of using cash machines is not passed on to the customer, saying that low charges should be the upshot of low-cost technology. Virtual bank, First-E, echoes the view that charging customers to take out their money is wrong, with chief executive, Gerhard Huber, projecting that the banks will eventually give in over the issue.

Strategy & planning, Other Computer Peripheral Equipment Manufacturing, Automatic Teller Machines, Electronic Banking Svcs, Automatic banking equipment industry, Automated teller machines, Electronic banking, Citibank N.A. (New York, New York), Link Corp.

---

UK: INTERNET BANKING DEAL FOR SMALL BUSINESSES

Article Abstract:

Freeserve, the leading UK Internet service provider, has gone into partnership with Barclays to offer Internet banking services to small businesses. The as yet unnamed joint venture, to be launched in May 2000, will be 60% owned by Freeserve and 40% owned by Barclays. Both companies will invest GB[pound] 10mn during its first year in the creation of a combined small business portal and joint consumer site. A range of co-branded online banking functions will be offered to small businesses and consumers, together with additional services such as advice on marketing, employment, office supplies and human resources.

DEPOSITORY INSTITUTIONS, Small Business, Freeserve PLC, Barclays PLC

Similar abstracts:

• Abstracts: UK: SSRA HINTS AT PUNISHMENT FOR TRAIN OPERATORS. UK: WARNING TO LONDON'S BUS AND TRAIN OPERATORS. UK: DISPUTE OVER TRAIN WARNING SYSTEMS
• Abstracts: UK: UNWINS CONSIDERS BID FOR ODDBINS. UK: FDIA UNDER FIRE FROM WICKES. UK: FINELIST TO BE ACQUIRED
• Abstracts: UK: NEW CONVENIENCE OUTLET FROM KINGFISHER. UK: SAINSBURY TO CUT CD PRICES. UK: SAINSBURY OFFER TO SAFEWAY CUSTOMERS
• Abstracts: UK: BNFL GIVEN CLEAN BILL OF HEALTH. UK: BNFL CHIEF EXECUTIVE QUITS. UK: CONCERNS OVER BNFL MANAGEMENT

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.