26 Nov 2008

Survey reveals fears over bank transaction security

4:32 pm on 26 November 2008

A survey suggests New Zealanders are becoming increasingly worried about the security of their financial transactions.

The survey was carried out for the IT services company, Unisys.

It says 51% of those surveyed were very concerned about people discovering their credit or debit card information - up 8% from a survey six months ago.

Unisys says there's increasing support for the use of biometric data - like fingerprinting, iris scans and voice identification.

However, some in the banking sector say biometric technology is too expensive.

Westpac New Zealand says banks have to strike a balance between security and ease of use for customers.