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Thread ID: 124152	2012-04-09 22:49:00	ASB - faster internet banking!	Agent_24 (57)	PC World Chat

Post ID	Timestamp	Content	User
1269038	2012-04-09 22:49:00	I notice ASB has recently implemented faster (every hour) transfers to other NZ banks: www.asb.co.nz Now if all the rest do the same! Seriously, in this day and age of computers and the ability to access pretty much anything else over the internet instantly, bank transfers taking a whole day is just a joke.	Agent_24 (57)
1269039	2012-04-09 22:56:00	This is why I love ASB... :D This really should have happened a long time ago, but ASB have always been at the forefront of (NZ) developments in banking.	wratterus (105)
1269040	2012-04-09 23:08:00	Nice, good on them! Love their mobile banking too, it's great and fast ... Prefer to do banking on my Cellphone browser vs Desktop coz it's so much quicker too :D	Chilling_Silence (9)
1269041	2012-04-09 23:10:00	www.stuff.co.nz The days of having to wait overnight for funds to transfer from one bank to another are coming to end. New Zealand banks have completed a massive information technology project costing tens of millions of dollars that should mean all transfers made during the day can be completed within two hours. The new settlement system built at the behest of the Reserve Bank to reduce the knock-on effects of any bank getting into financial difficulties but should have a big spin off for e-commerce. Massey University banking lecturer David Tripe said last year that Trade Me would be the biggest obvious beneficiary, as sellers would receive payments and be able to send goods to buyers without having to wait overnight for payments to show up in their bank account. Trade Me spokesman Paul Ford said faster payments should mean quicker trades. But Tripe warned that a downside was that it could become harder to prevent internet banking fraud, such as phishing scams, as fraudsters might find it easier to fleece victims and transfer money out of the country before banks detected anything was wrong. Banks originally intended to turn on the new settlement system last year, but there was about a six month delay completing the project.	pctek (84)
1269042	2012-04-10 00:40:00	this would be good for me if the seller sent the payment instructions, still waiting 2 days after the auction:annoyed::annoyed:	GameJunkie (72)
1269043	2012-04-10 01:09:00	The days of having to wait overnight for funds to transfer from one bank to another are coming to end. New Zealand banks have completed a massive information technology project costing tens of millions of dollars that should mean all transfers made during the day can be completed within two hours. From that it sounds like the rest will soon follow suit, great!	Agent_24 (57)
1269044	2012-04-10 05:16:00	The Internation banks would be last as I am sure they made millions delaing the transfer, I often wondered where it went while floating around cyber space.	Cicero (40)
1269045	2012-04-10 06:23:00	I wonder if the clearance time for cheques will alter. The Banks have always argued in the past that the 5 working days (read always 7 days) were necessary in order for them to validate signatures etc. At one stage the US Banks were the worst; telegraphic transfers could take 2 - 3 days to cross town, a process complicated by the "correspondent bank" system they had, and further by the Fed on the other. I always used to say then, the NZ and OZ banks were superior. I wonder if they still are? But I guess my opener re cheques was hypothetical. The last time I wrote a cheque out was over 15 years ago, and I wouldn't have a clue where my last cheque book has got to. The only use for cheques really was if you wanted to "float" one for a few days before it was presented. ;)	WalOne (4202)
1269046	2012-04-10 10:49:00	Yes that will be great for Trademe sellers, as with the weekend you can wait 3 or 4days. The reason for the 5 days cheque clearance was the fact that the cheques had to Physically be sent to the issuing branch. (and the possible fact that the banks wantedd to make interest on your money)	Digby (677)
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