UK: BANKS DRAG THEIR FEET OVER WEB BILL PAYING

Article Abstract:

A new scheme developed by Apacs, the bank clearing organisation, called the Electronic Bill Presentation and Payment Service (EBPP) designed to encourage bill paying on the internet, is in danger of collapsing because of the intransigence of the high street banks. The new initiative will allow customers to view and pay bills on the Internet in preference to paying through the post, and will go live early in 2001. However 15 major banking groups have refused to participate in the scheme, arguing that they are developing similar systems of their own. Given the strength of these institutions, it is feared that their lack of support will make it difficult for the scheme to gain widespread recognition.

Product introduction, DEPOSITORY INSTITUTIONS, Calculating and accounting equipment, Functions related to deposit banking, Electronic Banking Svcs, Electronic banking

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UK: Y2K BONUS FOR LLOYDS ATM WORKERS

Article Abstract:

For being on call to stop automatic teller machines(ATMs) running out of money over the four day millennium weekend, computer staff at UK High Street bank Lloyds-TSB are being paid GB[pound] 1,000 plus a GB[pound] 30 call-out. The generous terms are thought to surpass those at other banks including NatWest, although no firm figures were available.

Computer Terminal Manufacturing, Personnel administration, Personal income information, Bank Terminals ex ATMs, Compensation and benefits, Lloyds TSB Group PLC

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