28 October, 2008
What fascinates me about British banking is how yesterday they still seem to be. Maybe it's something about the number of people - but why should that limit their ability to develop decent online banking. Compared with other parts of the world they are so far behind. It takes days to process a transaction. Even through Internet banking nothing turns up immediately. If you want a new pin number for your ATM card - they want to send it to you in the mail several days later. Whay can they not manage a new pin number over the counter? Even Internet banking payments are only available on a cheque account. Why, why not all accounts? As for Eftpos - good grief. How can they be so far behind?