National Westminster bank has had to put back plans to launch its online banking service, thanks to the aggressive takeover bid by the Bank of Scotland.
National Westminster bank was due to unveil its comprehensive online banking service before the end of this month, according to sources. "It has been stopped in its tracks by men in kilts across the border," said one source.
A spokesperson for National Westminster bank denied the launch date had been put back. "We never ever gave out a date for it to be up and running," he said. Asked if it would be before Christmas, the spokesperson said, "I would hope so."
Ecommerce specialist Worldpay is believed to be helping design National Westminster's online banking arm. Worldpay's technology portfolio includes a multicurrency internet payment system.
National Westminster is under threat of a GBP20.7 billion aggressive takeover bid by the Bank of Scotland. Royal Bank of Scotland and Abbey National are also said to have their eyes on the high street bank.
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