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  • BNZ card technology reduces fraud

    The Bank of New Zealand says its Liquid Encryption Number (LEN) technology for preventing credit card fraud has been a success since it was first trialled on a limited basis in 2008, with the rate of fraudulent transactions from cloned credit cards in New Zealand down by 50 per cent. It is now in place in all BNZ credit and debit cards.
    The technology works by changing numbers on cards’ magnetic strips every time a transaction takes place, or an account balance is requested at an ATM.

    Written by David Watson22 June 10 22:00
  • ANZ to revamp IT operations

    Australia and New Zealand Banking Group has foreshadowed a sweeping restructure of its A$768 million a year technology operations and management, cherry-picking a senior executive from the beleaguered Bank of Ireland to become its new chief information officer.
    ANZ chief executive Mike Smith said yesterday that the retail institution had hired career technologist Anne Weatherston to head a new technology division within the bank, a move that means responsibility for key systems will be transferred out of its existing operations and shared services group.

    Written by Julian Bajkowski18 Nov. 09 22:00
  • ANZ reveals tech tactics

    Australia and New Zealand Banking Group chairman Charles Goode

    Written by Ben Woodhead17 Dec. 08 22:00
  • ANZ Bank overhauls technology units

    A global restructure under way at Australia and New Zealand Banking Group has brought major changes to the way the company manages its information technology operations.
    The changes have meant the appointment of new general managers within the bank's technology operations, with several more senior positions yet to be filled.

    Written by Chris Jenkins05 Oct. 08 22:00

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