The largest proportion of new online banking customers are the over-55s, according to figures.
The largest proportion of new online banking customers are the over-55s, according to figures released today.
The Association of Payments and Clearing Services (APACS), has said that online banking in this age group has risen four-fold in the last five years.
The news comes just one day after industry watchdog Ofcom revealed that silver surfers were driving internet use in this country, spending more time online than any other age group.
Sandra Quinn, director of communications at APACS, said: "Our research shows that more and more people are turning to the internet rather than the phone to manage their finances."
"While confidence is growing in internet security, everyone needs to do some basic things to make sure they stay safe online," said Quinn.
However, though online banking and retailing had made great strides in terms of security in the last five years, caution was still required from surfers.
"A good way to help keep your card safe from being used fraudulently on the internet is to sign up for Verified by Visa and MasterCard SecureCode – you simply register a private password with your card company and use it when you shop online at participating retailers," Quinn said.
www.apacs.org.uk
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