Thanks to reader Kman790 for sending us the link to this recent article about mobile banking. I'm pretty sure we've never written about mobile banking and this article does a good job providing an overview.
Essentially, banks are looking to extend their online banking service to mobile devices so their customers can do all of their online banking tasks from their computer and their mobile device. I haven't researched options yet, but according to the article, mobile banking basically works two ways--either through the Web browser on your phone or special software that you download.
Market research firm, Celent, predicts that by the end of 2010, 35% of all online banking households will be using mobile banking.
I can certainly see a lot of value in mobile banking but although the article says Bank of America customers can now access their accounts from their cell phones or PDAs, I don't think they have marketed the service to me yet - I will check it out and let you know what I discover.
In the meantime, what do you think? Are you likely to do some banking from your cellphone?
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[Source: Mobile Phone Blog]
Monday, August 6, 2007
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