The IT jobs market for permanent staff has increased at its fastest rate for more than three years, according to a new jobs report.
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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.
The collapse of Wall Street may prompt financial services firms to increase their use of offshore outsourcing and cut more jobs in the US on top of the layoffs they have already announced.
ASB has appointed Russell Jones as the bank's head of group technology.
Jones has worked for paper company Sappi in both South Africa and Europe, as well as Carter Holt Harvey in New Zealand and International Paper in the US.
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