Motorola Launches Mobile Banking System
Feb 8, 2006, 2:00 PM by (staff)
Motorola today announced M-Wallet, a solution that allows users to unite all of their bank accounts, credit cards and more on the mobile phone. This system is currently composed of a secure server hosted by a carrier, and a downloadable client for nearly every platform including Java, BREW, Windows Mobile and Symbian. The client allows users to access information on their accounts and complete online banking operations including funds transfers, bill payments and statement reviews. In the near future, M-Wallet will be able to replace the cards themselves and not just access to their accounts. M-Wallet will operate in conjunction with Near Field Communication (NFC) chips once they are included in handsets or available as an accessory. Phones can then be used to make near-instant pay at registers, access cash machines or act as a ticket for events or transportation. M-Wallet will be equally platform agnostic as a mobile payment system - it should be compatible with any standards-compliant NFC enabled phone regardless of manufacturer.
Google Unfolds A Brand New Wallet App for Android
Google today released a fully redesigned Google Wallet application for Android devices. Google Wallet is not an app for making mobile payments at retail.
Google Launching Android Pay Today
Google said it is making Android Pay, its reborn mobile payment service, available to Android handsets beginning today. The app will be pushed to small batches of users over the next week, according to Google.
Microsoft Wallet Gains Tap-to-Pay Functionality
Microsoft today updated its Microsoft Wallet app and gave Lumia smartphone owners the ability to make mobile payments at supporting retailers. Windows Mobile has long included a Wallet app, but until today it was reserved for loyalty cards and other retail programs.
Wells Fargo Brings NFC Access to 5,000 ATMs
Wells Fargo today made good on its promise to allow customers to access their accounts at ATMs via tap-and-go NFC transactions. The company says 40% of its 13,000 ATMs, or about 5,000, now support NFC-based interactions.
The solution, of course, is a robust security system that deletes your own data after a few failed attempts to log in to the device. It's better than it f...
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