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Cingular To Launch Mobile Banking Next Year

Article Comments  8  

Nov 15, 2006, 1:48 AM   by (staff)

Cingular today revealed it is in talks with a number of banks to allow customers to manage their accounts from a mobile phone. A Cingular spokesman said subscribers will be able to view balances, make transfers and pay bills from their phone if they use a participating bank using an application downloaded to the phone. Such services are already popular in Europe and Asia. Cingular is separately currently testing mobile payments with Nokia and Mastercard using phones that have an NFC chip built in. In Japan and Korea, many operators have started to combine these two services, allowing users to link NFC payments to a bank or card account that can be managed from the phone.

more info at Reuters »

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Comments

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SprintPCSGuy

Nov 15, 2006, 9:38 AM

I have always thought that somethinglike this would be a useful feature...

... but the security issues would keep it from happening... we'll see how Cingular handles this...
I've been doing this for at least 2 years now. I'm also curious what Cingular will do with the idea. I'm guessing some form of general Java app or similar with security features customizable by the user.
...
muchdrama

Nov 15, 2006, 1:41 PM

Yikes!

Yeah, um, I think I'm a little jittery about shooting my banking info over the airwaves. Just slightly.
I think i would be less worried aobut it goin over the waves on my phone than my computer...but hope nobody gets your phone! Maybe it will come out with this on fingerprint security phones only!
 
 
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