42244 1 3 econsultancy_xml <p>Online banking has become increasingly popular over the last decade, with the number of people using the service rising five fold over the last six years. </p> <p> <em>Online banking stats:</em> </p> <ul> <li>In 2006, 18.1m  Britons banked online, with the number exceeding those using telephone banking. Today, half of all internet users in the UK bank online. <br /><br /></li> <li>53% of internet bank users bank online because they believe it is convenient, while 11% say they use internet banking because they can’t always get to a branch.<br /><br /></li> <li>Half of users (49%) log on to their internet banks to manage these accounts after 6pm in the evening with just under a third (31%) logging on during the day (8am - 6pm).<br /><br /></li> <li>Internet banking is regularly used by 37% of adults in the UK, </li> </ul> <p>There are concerns about the safety of online banking, with <a href="/blog/924-online-banking-fraud-on-the-rise">fraud on the rise recently</a>. This issue is a reason why many more don't bank online - just 31% of those who <em>don't</em> bank online perceive it as 'safe', compared with 86% of internet bank users. </p> <p>Banks are working on improving security though, with <a href="/blog/1065-barclays-uses-chip-and-pin-to-combat-online-fraud">PIN card readers</a> being sent out to customers to add more security to their transactions. </p> <FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph>Online banking has become increasingly popular over the last decade, with the number of people using the service rising five fold over the last six years. </Paragraph> <Paragraph> <Quote>Online banking stats:</Quote> </Paragraph> <List Type="Disc"> <ListItem>In 2006, 18.1m  Britons banked online, with the number exceeding those using telephone banking. Today, half of all internet users in the UK bank online. <LineBreak /><LineBreak /></ListItem> <ListItem>53% of internet bank users bank online because they believe it is convenient, while 11% say they use internet banking because they can’t always get to a branch.<LineBreak /><LineBreak /></ListItem> <ListItem>Half of users (49%) log on to their internet banks to manage these accounts after 6pm in the evening with just under a third (31%) logging on during the day (8am - 6pm).<LineBreak /><LineBreak /></ListItem> <ListItem>Internet banking is regularly used by 37% of adults in the UK, </ListItem> </List> <Paragraph>There are concerns about the safety of online banking, with <Link URL="/blog/924-online-banking-fraud-on-the-rise" Window="New">fraud on the rise recently</Link>. This issue is a reason why many more don't bank online - just 31% of those who <Quote>don't</Quote> bank online perceive it as 'safe', compared with 86% of internet bank users. </Paragraph> <Paragraph>Banks are working on improving security though, with <Link URL="/blog/1065-barclays-uses-chip-and-pin-to-combat-online-fraud" Window="New">PIN card readers</Link> being sent out to customers to add more security to their transactions. </Paragraph> </FormattedContent> 2007-05-23T12:19:00+01:00 1 1 econsultancy_xml <p> <strong>Online banking in the UK will reach its tenth anniversary this week, with the country's first internet banking service launched by Nationwide on 27 May 1997.</strong> </p> <p>Since around 13,000 people registered for <a href="http://www.nationwide.co.uk/default.htm">Nationwide's</a> online banking service in 1997, online banking has grown rapidly - the company now has more than 3m internet banking customers. </p> <FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph> <Emphasis>Online banking in the UK will reach its tenth anniversary this week, with the country's first internet banking service launched by Nationwide on 27 May 1997.</Emphasis> </Paragraph> <Paragraph>Since around 13,000 people registered for <Link URL="http://www.nationwide.co.uk/default.htm" Window="New">Nationwide's</Link> online banking service in 1997, online banking has grown rapidly - the company now has more than 3m internet banking customers. </Paragraph> </FormattedContent> false 1240 363401 Ten years of online banking, yet concerns persist false 2007-05-23T12:19:00+01:00 ten-years-of-online-banking-yet-concerns-persist 2009-04-29T18:31:57+01:00 2009-04-29T18:31:57+01:00 406