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CityPress - - Tenders - On­line Bank­ing: Mo­bile pay­ments: Mo­bile Bank­ing Apps:

Still us­ing che­ques? You could save your­self lots of money if you used cheaper op­tions. Ac­cord­ing to First Na­tional Bank, this method of pay­ment is ex­pen­sive and is most sus­cep­ti­ble to fraud­u­lent ac­tiv­ity. The bank of­fers the fol­low­ing op­tions:

On­line Bank­ing pro­vides the abil­ity for schools and other busi­nesses per­form­ing sim­i­lar func­tions with che­ques to man­age man­dates, through a doer and checker process while also en­abling elec­tronic pay­ments in a re­duced time and in­creased safety.

Most of the banks have func­tion­al­i­ties that en­able one party to pay an­other us­ing only their cell­phone num­ber.

The use of mo­bile apps is grow­ing and fi­nan­cial ser­vice providers see mo­bile apps as the main gate­way into a range of so­lu­tions.

FNB cus­tomers can, for ex­am­ple, use Smart in­Con­tact, which al­lows users to ap­prove on­line bank­ing trans­ac­tions on the bank­ing app, ver­ify de­vices that log in to your pro­file and use se­cure mes­sag­ing to re­port any fraud­u­lent trans­ac­tions 24/7.

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