-
Americans in France face bank closures linked to new EU ruling
Chase bank has begun informing its customers it will shut their accounts by end of year
-
Revolut launches new insurance for borrowers in France
The policy is available for new and existing Revolut personal loans
-
Dozens more local bank branches set to close across France
Around 60 to 90 LCL French branches will shut down gradually, the bank confirmed
Bank opts for words, not passwords
The Banque Postale has become the first bank in France to offer voice security technology to secure transactions.
Customers can opt for the service for €10 a year. They record their voice using a bank app, provide a mobile number and then, when paying online, answer a phone call to get a code to complete the purchase.
It is used in conjuction with a dynamic cryptogram function and is aimed at cutting fraud.
Tested over five years with 600 people in the street, office and speaking quietly, the bank said voices were as unique as fingerprints. The Caisse d’Epargne and Crédit du Nord are testing similar systems.
