Several large banks are announcing expanded account access and services for mobile phone users. CitiBank and Bank of America are both rolling out new services for their tech savvy customers.The new banking programs allow customers to access their account information, pay bills and transfer funds all from their mobile phone handset.
My bank has offered limited mobile phone banking for several years. However, the ability to pay bills and transfer funds from a mobile phone would indeed be a very convenient option for those of us that travel frequently.
The NY Times has a full article on this new trend.
1 comment:
Take a look at what rural banks are doing in the Philippines to not only offering mobile phone banking services but also mobile payment solutions for clients and small businesses to buy and sell goods and services as well as pay bills using a mobile phone.
http://youtube.com/watch?v=wz4HFSNgvuw
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