National uses Java for online banking

National uses Java for online banking


Businesses who use the National Australia Bank might soon have access to the same Internet banking facilities that the average consumer has thanks to Java Technology.

To give business customers the same abilities as the 2000 everyday customers registering to use the Internet service every week would require only a small modification to the system, according to a National spokesperson.

The bank attributes the success of the Internet facility to Java technology.

NAB's head of electronic and remote banking, Chris Knight, said: "Java has allowed us to develop a consumer solution that, with some modification, can meet the specific needs of large corporations doing multimillion dollar transactions."

The customer solution includes account balances, 100 days of statement information with search and sort features, funds transfer between NAB accounts, periodic payments, BPAY, secure e-mail, future-dated funds transfers, bill payments, purchasing term deposits and pay anyone authority available late this year.

Java software will enable businesses to run powerful searches and sort functions such as bill payments at a speed the customer off the street may never use to its full potential, he said.

"Java technology has given us a jump on our competitors by allowing us to offer a level of user convenience, security and flexibility not available from other Australian banks."

A spokesperson for Sun Microsystems, the developers of Java, claimed that a report by New Media Research declared NAB's Internet banking service as the most fully featured compared with competitors both here and overseas.

"It's clearly evident that nine months of beta-testing has yielded a piece of software, Internet site and integration with banking systems that is at the leading edge of consumer Internet banking in the world," the spokesperson said in the report.

Customers need a NAB phone banking user number which they can obtain over the phone and a Java 1.1 enabled Web Browser. Security for the bank and the customer is provided by use of digital certificate

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