News

Nationwide Building Society’s Director of Payments, John Hutton, is to become the new Chairman of the global payments body, P20. John, who is currently Vice-Chairman, will take up his new role following the conclusion of P20’s annual Global Payment Conference, which takes place in London in October. He will succeed Bruce Lowthers, Global COO for FIS, as Chairman for a term of two years.

• Members can freeze and unfreeze their bank card by phone instead of cancelling
• Most commonly lost items include glasses, keys, bank cards and gadgets
• Most likely places to lose items include our bags, back of the sofa and our pockets
• 53% of those in West Midlands lose bank cards vs just 38% of those in South West

• Reliance on online for shopping and social media means many are sharing and storing personal details
• Six in ten post full name on social media while more than four in ten include date of birth and home town
• New industry efforts come into play in September to make online shopping more secure for customers

Nationwide Building Society has today reduced its loan rate to a competitive 3.6% APR representative for loans of between £5,000 - £7,500.