Tag: PIN

Nedbank is one of the largest banks in South Africa with a market capitalization of about US$73 billion as of December, 2009. During the years it has established itself as the most affordable bank in South Africa. The bank provides the more affordable residential loans in the housing finance market. There are a number of Nedbank branches available across all the main cities of South Africa. The bank has its main office in Johannesburg and branches in locations such as Cape Town, Gauteng, Centurion, Namibia, Western Cape, Musgrave, Durban and Port Elizabeth. The banks swift code is NEDSZAJJ.

Nedbank also provides online banking facility commonly known as Nedbank internet banking, in which there is a 24-hours mobile access from any place in the world with complete security and comfort.

The bank provides free Nedbank internet banking services to all its customers. For several customers this has become a need, as the convenience and ease of internet banking has turn into an essential part of their account management.

Nedbank Internet Banking registration

To use Nedbank internet banking, clients require a profile, a PIN code, and password, though telephone banking clients will already have PIN code. Clients must call the bank or turn up at a local Nedbank branch where they will be delivered all the required information, plus a temporary PIN code if necessary, which they will require to change to a unique, new PIN code. They then log in to Nedbank internet banking on the banks website, after which they will be able to access all features available through Nedbank internet banking.

Nedbank Internet Banking Log on

The Nedbank customers are provided with the services and benefits of Nedbank internet banking through the process of net banking logon. To avail for, the customers must have the rights to access the Nedbank internet banking logon system. The Nedbank internet banking logon can be utilized only by the registered customers of the bank, in order to choose from and use the various online banking services and facilities provided. The Nedbank internet banking services will be made active as soon as you fill up an online application form to provide some of your account information.

Nedbank Internet Banking security features

Nedbank includes a number of security measures aimed at to maximize client safety while using Nedbank internet banking. These measures comprise of 128-bit encryption codes, which encode the communications so they are unreadable to malevolent sources, and firewalls, which preclude outside access.

Nedbank offers a variety of services available through Nedbank internet banking program, providing several of the features clients normally access at a local Nedbank branch, suggesting that customers can skip the visit to the bank and operate their accounts at their own convenience, indicating that customers now use net banking as their only or primary form of account operation.

By using Nedbank internet banking, Nedbank clients can:

Track and view expenses
Print and view past statements
Contact customer service
Move funds between accounts
Observe accounts for any suspicious activity
Access and operate accounts at any time from any location

Tips for safe Internet Banking

How safe is internet banking?
Experts view on Internet banking right now is that it’s not safe. To get to a reasonable level of security you need a good knowledge of computers. If you don’t have that knowledge, you’re probably better off waiting until the banks get their acts together. The way forward is for them to supply their own software that you install on your own machine and use for accessing your account. Only then will Internet banking be relatively safe for people without computer expertise.
Internet Banking is becoming popular with people because we feel it is the easy way to deal with
money and one can make his PC a live bank, doing all the things a bank can do without actually
visiting a bank. But very few of us are able to protect our accounts from fraud. So if you have a
bank account with any bank and use the Internet to make transactions, money transfer or credit card
payments, here are some general ‘safe-banking’ tips that you might do well to follow:
Never use unprotected PCs at cyber-cafes for Internet banking.
Never keep your PIN and credit/debit card(s) together.
Never leave the PC unattended when on Internet banking in a public place.
Never reply to e-mails asking for your password or PIN.
Visit banks’ website by typing the URL in to the address bar, and not by clicking a link in
an e-mail arrived in your inbox.
Before using Internet banking, verify the domain name displayed to avoid spoof websites.
Log off and close your browser when you have finished using Internet banking.
Never let a stranger assist you at the ATM. Protect your ATM card PIN.
Count the cash and put it in your wallet before leaving the ATM.
Check your monthly credit/debit card statement for unusual activity.
Always draw a line through unused space on the cheque.
Never leave your cheque book unattended.

Never sign blank cheques.
Never keep pre-signed cheques anywhere.
Never hand over to unknown persons any signed blank cheques towards pre-EMI/EMI amount, for
opening of saving account or opening of any other accounts.
Remember to cross your cheque whenever applicable.
Count the number of cheque leaves whenever you receive a new cheque book.

Suppose your personal important document is stored in an online database and has been connected to the web page with programming thus enabling you to see your personal important document. Think if the database software holding your important document to be full of securities. Only secure web database can save your document and it can be accessible to any part of the Globe. Besides your personal important document another significant application of online database is banking system that became integral part of every individual in modern banking system, whatever may be internet banking, mobile banking or another term used is core banking. Recent advancement of banking system like ATM, core banking using Information Technology people is very safe while they are traveling far way from home. It is still unsafe traveling with good amount of money, some time pulls your life in danger.

The main advantage of using an ATM is the fact that you can have access banking database up to certain level and as your requirement of cash in your bank account from any part of world, whenever you need it.

For instance, you are at a store that does not take checks or credit cards but it has an ATM, you can withdraw the money for your purchase. This also means you can travel anywhere without cash. If the location has an ATM and you have your ATM card, you can access your money instantly. Now days ATMs are not just technology you can use to access cash using online database software. Some ATMs you can transfer funds between accounts, buy stocks, check account balances and even buy stamps. All of these features can be accessed with one debit card or credit card and a PIN number. If you take measures to protect your PIN and account information, having access to an ATM is very convenient and makes life’s little emergencies far less challenging.

Cautions While Using ATM: You do need some carefulness when using an ATM. Identity thief in recent times using useless ATM receipts to get the bank account numbers of innocent customers. Consumers who have an ATM card are assigned a PIN to use when accessing their funds. Shoplifter sometimes stands close behind an ATM user to get this PIN, and then pinch his purse with the ATM card in it to cheat money from the account.

An online banking account is a highly convenient way of managing your bank account. Almost anything that you can do in person at the bank can now be achieved by online banking. Its smart, convenient and banks are doing everything possible to make this a safe process. In fact, the convenience of internet banking has made offshore banking a very popular option. Customers from around the world now take the advantage of offshore banking to store their wealth in tax havens and enjoy higher interest rates. However, a part of the responsibility of your account security depends on you too, and you should definitely never disclose your password or forget to delete the cookies from the computer, even when you are using your personal computer. Having taken care of these measures, complete security of your online banking account can be guaranteed. Presented here are three other suggestions to ensure that your account safety is never compromised.
Research the security measures on part of the bank
Check out the security measures that are employed at the banks end. Does the bank provide you with a changeable password, and a PIN (personal identification number)? Is there additional security measures employed at the bank like biometric scan etc. to ensure complete confidentiality? Will the bank ever send you emails disclosing your password or asking you to disclose your password? How many times can you put in a wrong password before your account is blocked for the day? Is the online banking facility available 24×7? Will an able customer service representative always assist you? Will the customer care person ask for your password? Asking these questions is mandatory before opening a personal online banking account.
Account protection from your end
Apart from never divulging your password and other important info, there are certain very important steps that you should take. For instance, you should definitely install a good anti-malware program in your computer. There should be multiple tiers of protection in your personal computer, to ensure complete protection. Employ simple tricks like using the virtual keyboard to click your account details instead of the actual keyboard. Never click on any link in a mail that is sent to you on the name of your bank or open an attachment. These may as well be potential malware programs. These steps ensure complete safety of online personal banking.
Other key benefits of personal online banking
One of the key benefits of online banking is the idea that you can actually track your transactions in real time. No longer do you have to contact with the bank to know the status of your transactions. It can be known easily by your personal online banking account. In addition, this is almost always a free service as most banks do not charge any extra rates for online transactions.

When Standard Chartered Bank decided to develop a unique mobile banking solution, which would ultimately be named Breeze, they took a very different approach into the design and development. For starters, instead of offering their customers the same features and functionality seen with other mobile banking solutions, a tremendous amount of research was conducted directly with the customers. With this, bank officials were able to capture the essence of what customers wanted to see in a mobile banking application.

Beyond that, officials with Standard Chartered Bank realized that other online and mobile banking solutions simply did not provide the type and degree of security needed to keep information online safe. Obviously, if this bank was going to launch Breeze as a comprehensive solution, it had to be designed for the people and by the people, but the bank needed to put additional or different security measures in place so all personal and financial information would be protected.

Well, changes are already being seen in a new version of Breeze being called Typhoon. Standard Chartered Bank wants to be careful as they move forward with mobile banking, knowing they will continue to provide customers with the functionality and features needed to conduct personal and business banking but they also want to choose the timing for offering new versions carefully.

Additional information is important to understand, helping financial institutions identify the areas in which their system is weak. As an example, the amount of money allotted to IT departments for overall operations includes less than 5% being spent on training for security awareness. Additionally, of companies interviewed, as much as 90% stated the company had some type of computer security incident within the past 12-month period.

Because information such as this is easy to come by, it should be used by all businesses with online presence, especially for financial institutions. If more banks would conduct research and put appropriate security measures in place, incidences of cybercrime would decrease. For the people at Standard Chartered Bank, they wanted to make sure that when their mobile banking application was used on the iPhone, and soon the iPad, customers would have peace of mind knowing their information is protected. The way this was accomplished was to implement a type of second-tier protection.

The second change seen with the newer version of Breeze is that mortgage accounts, investments, and other loans can be viewed. The first version of Breeze was excellent but accountholders were not able to access accounts such as these. Now, the Typhoon version of mobile banking will be more liberal, providing the opportunity for customers to confirm the receipt of payments, changes in interest, current balances, and more.

The new version of Breeze will have another feature, allowing credit cards for paying bills. The first version was relatively flexible in this area but again, some limitations existed that have now been enhanced. The final change seen in the new version of Breeze is that customers can request to have the second, temporary password sent via SMS to the iPhone resent.

Initially, this second PIN was initiated once the bank customer logged into the Standard Chartered Bank website with the standard user name and password. From there, the customer would wait for the SMS to be received, at which time he or she would return to the site, enter the second password, and then have account access. With this change, if a customer were to log off only to remember another task needing to be done, rather than go through the entire process again, a request could be sent via Breeze on the iPhone, at which time the bank’s system would initiate a different temporary PIN. As time passes, more changes will be seen with Breeze, something of which bank customers are excited.