Banks need to refocus energy on customers best interest

An interesting piece on tactics used by some banks to combat price tables.  This is a temporary solution at best.  What forward looking Bank would rely on technology service denial in order to protect itself.  This is reactionary marketing at its absolute worst.

Relevance to Bankwatch:
Why not to use less effort to block tables, and refocus that effort on creating tools on your own site to assist customers to compare, contrast, and choose.

Banks fight back against price comparison websites – Financial Services – Breaking Business and Technology News at silicon.com

Financial services companies are blocking price comparison websites from publishing their product information because they fear coming bottom of the league tables.

Companies are using IP blocks to prevent websites from grabbing their data and using it to show consumers which company has the cheapest product.

Martha Bennett, vice president at analyst Forrester, told silicon.com: “I know they block them. Companies don’t want to be driven into this price competition.”

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