News Burst: Lloyds TSB starts smartcard trial

Bank seeks to allay consumer fears over online security

A smartcard banking service targeted at businesses reluctant to transact online is being trialled by Lloyds TSB.

Customers who agree to participate in the five month trial will be issued smartcards and special kits to ensure that only authorised personnel have access to their account information.

Business consultancy firm Accenture -- formerly Anderson Consulting -- has been commissioned to oversee the implementation of the scheme, while smartcard manufacturer Schlumberger will supply the technology.

The online system will be expanded late this summer if the trial proves successful.

Full story to follow

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