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.

The results of the voting at Nationwide Building Society's Annual General Meeting (AGM) held today, Thursday 18 July 2019, at Manchester Central Convention Complex, Manchester, M2 3GX are detailed below.

• 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

Nationwide Building Society has joined forces with a charity to help raise £7 million needed to create a spectacular memorial for those who took part in the D-Day landings.

• Local charitable organisations have new opportunity to benefit from grants of up to £50,000 each
• Grants available to tackle housing issues in local communities
• Application process now open in six regions

Today, Nationwide has launched new rates for its children’s savings accounts

• 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

• Money will turbocharge efforts to deliver new and exciting services for businesses
• Society to match every pound received over five years to shape the new products and services
• Nationwide will deliver leading branch service while investing in digital solutions
• 7,000 branch colleagues will be trained and a further 400 jobs are to be created

Nationwide Building Society is today announcing that it will invest in Scaled Insights (This link will open in a new window), a company that uses behavioural AI to analyse people’s speech in order to communicate with them in language that is most accessible for them.

• Two thirds of consumers have never changed the password on their Wi-Fi router
• Close to a third (32%) who have changed, were initially still using the password that came with the router
• Nearly four in ten don’t know how to change the password, while 47 per cent who have changed passwords, opt for an easy to remember password, despite crackability concerns

Nationwide Building Society is today announcing that it has invested in Ordo, an innovative payment request service launching later this year that connects billers to payers using apps and secure messaging, putting billers and their customers back in control of their payments.

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