The bank had intended to impose new terms and conditions that would have meant it could have required customers to pick up the tab for fraud losses if they downloaded applications to their mobile phone or computer from an 'untrusted or unknown source' or didn't update to the latest software on their phones.
Spokeswoman Erica Lloyd said BNZ was entitled to make the changes but had decided not to, after taking account of a report in The Dominion Post and wider advice. BNZ will soon launch a mobile banking service that will include an iPhone application and a mobile-optimised version of its internet banking service.
Other changes have not been withdrawn, including a requirement that customers do not leave any mobile or portable device that they use to access internet banking in a place where it could be accessed by others. ANZ Bank has a similar condition."
Via BNZ in U-turn on fraud terms:
