Bank of Ireland And Unison Announce E-Commerce Initiative
This week Bank of Ireland and Unison, an online portal
and Internet Service Provider owned by Independent
News and Media PLC, announced their intention to join
up in a new e-commerce initiative in banking and financial
services. The venture will provide a series of online
services 24 hours a day, seven days a week, from any
location including day to day personal banking transactions,
funds transfer, balance checks and bill payments.
Customers can apply online and receive approval in
principle for products such as personal loans and
mortgages. This is the first in
a series of planned joint initiatives from Bank of
Ireland and Independent News & Media PLC. The
arrangement encompasses business relationships with
Irish Multichannel, iTouch Ireland and Independent
Newspapers (Ireland), companies connected with Unison.
Michael Branagan, the
managing director of Unison, said 'I am delighted
Unison will be working with Bank of Ireland in such
a comprehensive manner. This deal provides excellent
synergies for everyone involved but consumers will
be the real winners with the ability to embrace the
information society where ever they are for content,
browsing, shopping; to have a flutter on the stock
markets or to arrange a mortgage on-line.' Bank of Ireland managing
director Des O'Reilly commented 'This is a very significant
initiative bringing considerable opportunities for
both parties. The world is changing and partnerships
like this create the potential to change the way people
conduct commerce and live their lives. We are very
excited about the possibilities.' Bart Bonsall, the chief
executive of Irish Multichannel said 'This announcement
coincides very well with our roll out of broadband
digital services planned for the coming weeks. We
aim to bring on-line financial services into the homes
of our 250,000 subscribers through digitalTV and high
speed internet access.' .
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