The innovative work continues at Birmingham-based MarketNet with an online insurance quotation service called PolicyLine at http://188.8.131.52/insure
The use of the expression “world’s first” is precarious these days, especially in the light of the pioneering work done by the First Virtual Bank of the Internet.
MarketNet is certainly amongst the first, and will definately tweak the tail of the main clearing banks that have shown some signs that they expect to claim online banking as much as they regard the UK retail banking business as their “birthright” in the high streets. Interesting times are assured....
BankNet is a joint venture between MarketNet and Secure Trust Bank plc. You do not have to be UK resident, although accounts are in Sterling only. The system is presently in beta test, with more information at: http://184.108.40.206/bank.
The BankNet online banking service account plans to offer all of the facilities of a Secure Trust current account: no transaction charges even if overdrawn, interest on credit balances, cheque book, guarantee card, cash card, plus the additional benefits of being an online service.
An online opening form and this can be printed on your own computer.
The ability to look at your account through the World Wide Web
The ability to write electronic cheques: digitally signed cheques using Public Key/Private Key cryptographic techniques.
The ability to arrange a number of other processes online, which are currently under development