The Latest: U.S. security firm Brinks Credit Union is launching a security bank
The U.K.’s biggest bank has said it will offer an online payment gateway for customers to secure their online banking accounts with a credit card.
The bank, Brinks Group, said it has signed up about 300,000 people to use the credit card service, which will provide the ability to make secure payments to other people and to secure bank accounts.
It will offer a secure and fast payment option for both mobile and desktop customers.
Brinks said it was looking for more customers to join the bank’s security team.
“Our customers want to securely secure their money, and the way we do that is through our credit card system,” said Ben Bajac, chief executive officer of Brinks.
“We need more customers using our payment solution, and we’re seeing that more and more people are interested in using it.”
Brinks is not the only British bank to launch a credit gateway.
The Bank of Scotland is launching its own payment solution.
A similar solution is being offered by HSBC and the Royal Bank of Canada.
Banks have been using payment gateways to store sensitive customer data for decades, and now many are trying to take advantage of them for online banking.
More than half of all U.N. citizens and about one-third of people in the U.KS. are online, according to the International Monetary Fund.