Feeds

Wherever I lay my overdraft, that's my phone

First Direct launches mobile phone banking service

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Bank managers will soon be playing Big Brother by calling your mobile phone every time you are in the red. Within weeks, users of telephone bank First Direct will be hit by the new service which sends text messages on balances and recent transactions. Messages appear twice weekly on two accounts. The scheme will expand in the next few months, calling customers every time they go overdrawn or reach a certain limit on up to three accounts. First Direct will also send information about specific credits or debits -- including salary payments or everyday expenses. The service will be free for the first six months. Financial masochists can then pay £2.50 per month for the privilege. First Direct is running the scheme through the phones it started selling with Cellnet at the end of last year. Initially, the cellular service will only be available to customers who have bought these handsets. The bank, owned by HSBC Group, said it may branch out to other digital mobile phone owners by the end of 1999. A First Direct representative told The Register: "This is not a compulsory service, and it is entirely up the individual how to tailor it. It is designed to help our customers with their finances." Peter Simpson, First Direct commercial director, said: "We have taken another step towards our goal of giving customers full control of how they conduct their banking." ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.