Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search


AUS: consumer guide to banking online

The Minister for Communications, Information Technology and the Arts, Senator Richard Alston, today launched two publications designed to provide a comprehensive consumer and business guide to banking on the internet.

'The Banking on the internet booklet looks at customer readiness in Australia, the response of Australian banks, the international perspective, what is on offer from what banks and information on security, privacy and the costs involved,' Senator Alston said.

'It provides vital information for anyone interested in this fast-growing area, in which Australia is a world leader. The future of banking and commerce lies online, but only if consumers can be confident that their rights will be protected.

'Consumer protection is the subject of the second publication - Banking on the internet: Facts for Consumers. This is the seventh in the Government's series of fact sheets for consumers considering or undertaking online transactions.

'The fact sheet provides the reader with a brief overview of services offered via internet banking, presents security and privacy considerations, and lists consumer bodies that can assist with disputes if they arise.'

Senator Alston told a Melbourne conference that, after an initially cautious start, Australia's banks had "shifted gears" in their pursuit of e-commerce.

'Online banking is becoming a fact of life. Given the quality and scale of the Australian banks' offerings in the personal banking area, and Australians' positive attitude to electronic banking facilities in the past, it is likely that Australia will lead the world in the uptake of electronic personal banking in the near future,' Senator Alston said.

'However, we only have to take our eyes off the game for a minute and we could lose any advantage we've achieved thus far. The threat, if we do not get this right, is enormous. No Australian company wants to wake up and find that their customers are buying goods from overseas based suppliers using the internet.'

The booklet was prepared by the Australian Bankers' Association, the Australian Information Industries Association and the National Office for the Information Economy (NOIE). The booklet follows the earlier successful publication of Getting paid on the internet. A guide to business-to-business banking in Australia is also under preparation.

The fact sheet was prepared by NOIE and Treasury.

© Scoop Media

World Headlines


New IPCC Report: ‘Unprecedented Changes’ Needed To Limit Global Warming

Limiting global warming to 1.5°C will require “far-reaching and unprecedented changes,” such as ditching coal for electricity to slash carbon emissions, says a special report that finds some of the actions needed are already under way, but the world must move faster… More>>


Jamal Khashoggi: UK, France, Germany Join Calls For Credible Investigation

Germany, the United Kingdom and France share the grave concern expressed by others including HRVP Mogherini and UNSG Guterres, and are treating this incident with the utmost seriousness. More>>


MSF Not Wanted: Nauru Government Shows Continued Callousness

The Nauruan Government’s decision to ask Doctors Without Borders to immediately leave shows continued callousness towards asylum seekers desperately seeking a safe place to call home, Green MP Golriz Ghahraman said today. More>>


Sulawesi Quake, Tsunami: Aid Response Begins

Oxfam and its local partners are standing by to deploy emergency staff and resources to the Indonesian island of Sulawesi, as an estimated 1.5 million people are thought to be affected by the massive earthquake and tsunami that hit on Friday. More>>


Decriminalising Same-Sex Relationships: UN Rights Chief Applauds Indian Decision

“This is a great day for India and for all those who believe in the universality of human rights," Bachelet said. "With this landmark decision, the Indian Supreme Court has taken a big step forward for freedom and equality...” More>>


  • Pacific.Scoop
  • Cafe Pacific
  • PMC