France slow with security
With Internet fraud on the rise, French banks and merchants are not putting in place anti-fraud technology to catch bad online transactions, according to InfoWorld.
Some banks are reluctant to put into place stronger mechanisms, such as requiring customers to use one-time passwords, because of high deployment costs as well as the reluctance of customers to use it.
The Bank of France is having what it calls "intensive dialogue" with financial institutions to adopt new security technology. However, the bank says it will not dictate how financial institutions should strengthen their security or what technology they should use.
E-mail banking service launches
Laxmi Bank in Nepal has introduced an automated service that allows its customers to bank through e-mail, says Nepalnews.com.
According to a press release issued by the bank this week, e-mail banking comes right to the customer's desktop, providing instant updates on financial transactions.
Jiwan Limbu, head of IT at Laxmi Bank and chief designer of the service, said Laxmi Bank eMail Banking keeps customers informed and helps them monitor their accounts more closely.
Nomis Price Optimiser makes shortlist
The Nomis Price Optimiser is one of three finalists in the "Most Innovative New Product" category for the European Banking Technology Readers' Choice Award, says eMediaWire.
The Readers' Choice Awards were created to recognise that financial institutions are increasingly turning to independent software providers in search of solutions to address a range of issues that would once have meant an expensive bespoke development.
Banking Technology's readers were asked to vote for their choice of the best systems in a range of categories. The winners in each category, and the runners up, will be announced at the European Banking Technology Awards gala event on 22 November, in London.
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