Kiwibank will launch with online capabilities

When Kiwibank launches later this year integral to its operation will be its online banking facility.

When Kiwibank launches later this year integral to its operation will be its online banking facility.

Marketing manager Catherine Smith believes the online bank will be competitive with other online packages from the bank's competitors.

"We'll offer the standard banking package that all the banks have, account balances and statements, online ordering of chequebooks and so on, with a few twists of our own," says Smith. One of those new functions will be the ability to track interest on a savings account as a separate summary.

"I don't think anyone else is offering that."

The bank will use HTTPS as its security layer, something of a de facto standard among online banks, with 128-bit encryption. Users will have to have browsers of IE5 or Netscape 6 standard as a minimum, however users of non-Microsoft operating systems shouldn't have any problems.

Kiwibank is part of New Zealand Post's empire, alongside eBill, New Zealand Post's online bill payment amalgamation service. Eventually, says Smith, Kiwibank's online bank will incorporate the eBill functionality.

"That's not in the initial launch functionality, but we'll be working to include it as quickly as possible."

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