Commonwealth Bank of Australia is beefing its scam prevention, detection, and customer strategy by adding technology initiatives including NameCheck technology for money transfers and new caller verification via the CommBank app.
Commonwealth Bank has implemented access payments technology PayTo to authorise customers’ payments from their accounts digitally.
The Commonwealth Bank says businesses across Australia now have access to new, online data-driven tools that provide practical insights to enhance their performance and productivity with the launch of its Daily IQ 3.0 data insights platform.
Commonwealth Bank says logins to its online NetBank service and the CommBank app are back to normal on Tuesday, after both services faced day-long problems on Monday.
Seven million credit cards are misplaced each year and later turn up, with CommBank’s temporary lock feature helping to avoid cards being cancelled permanently while they’re being searched for and later found.
The CommBank claims to have stolen a march on the industry with the first web site designed to bring together online banking, share trading, property investing and market information under a single portal, together with a community discussion forum.
The Commonwealth Bank has launched an Android version of its Kaching app - launched on iPhone in October 2011 - that allows CommBank account holders to transfer money to friends by specifying only the email address, mobile number or Facebook ID. It has also upgraded the iPhone version.
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