NATWEST customers will soon be able to shop online without needing to enter their card details at the checkout.
The bank is in discussions with major retailers, and expects customers to have the new payment option when making some online purchases in the coming months.
It will mean NatWest users can opt to be redirected to their bank’s online banking page or mobile app at online shop checkouts, rather than entering their card details manually.
As well as cutting out the hassle of keying in the long card numbers, customers will also be able to check their balance before making a payment — helping to avoid any surprise transactions or overdraft fees.
It also means shoppers will be able to make payments while sharing only a minimal amount of data.
Businesses involved could save on some card processing costs, as well as having payments settled immediately through bank-to-bank transfers, NatWest said.
The move is possible due to ‘open banking’ technology, which aims to help give people a clearer view of their finances, and encourages innovation in banking products by enabling information to be shared securely.
Paul Thwaite, NatWest managing director for sales, specialist businesses and business banking, said: ‘This new service provides our customers with an alternative way to pay, which is convenient and simple to use.’
He added the technology will ‘bring benefits to both our personal and corporate customers’.
Cashty! Del Boy’s ‘millionaires’ cheque up for sale
THE £6.2million cheque that eventually made the Trotters rich on Only Fools And Horses is to be sold.
Del Boy and Rodney hit the big time after they sold an antique watch they found in their garage at Sotheby’s. They were handed the cheque during a 1996 episode of the BBC comedy.
‘It was only seen on screen for a few moments, but this prop was the culmination of the series,’ said Andrew Stone of East Bristol Auctions. It could fetch £3,000 in a TV memorabilia sale on June 7.
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