Feeds

NatWest scraps online payment service

From FastPay to NoPay

  • alert
  • submit to reddit

Boost IT visibility and business value

NatWest is ditching its online payment service - FastPay - because it no longer fits in with the UK bank's plans.

FastPay has already stopped accepting new punters and will close all accounts and cease service on July 15, although existing customers can still use the service until then.

A statement on the FastPay site reads: "We regret to inform you that the NatWest FastPay service will be closing with effect from 15th July 2005. We will not be taking any new applications for FastPay accounts with immediate effect.

"In accordance with the NatWest FastPay Terms and Conditions you [existing customers] are being given a 30 day notice period, during which time you can continue to use the service as before."

A spokesman for NatWest said the bank "regularly reviews its products and services" and that FastPay "no longer fits in with our current strategy".

FastPay was launched in August 2002 following a tie-up with online payment service Magex Ltd and was available to anyone with an email address or a mobile phone number to send and receive payments. ®

Related stories

UK banks hope to send phishing mules packing
Small firms surfing web to non-local markets
'Office' fan foils Ricky Gervais ID theft scam
Banking Trojan disables MS Anti-Spyware
Botnets, phishing and spyware
Trojan targets UK online bank accounts

Maximizing your infrastructure through virtualization

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.