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Bank on Your Cell Phone

Posted by CowboyNeal on from the little-big-business dept.

AnonGirl writes "Big banks are launching mobile banks to 'keep customers and generate more payment revenue down the line.' Citibank is working on two pilots: one with Obopay, and the other for contact-less payments. AT&T phones will have Wachovia already installed in their phones by fourth quarter 2007. The downside: 'Even though banks are not charging for their service, carriers do charge for accessing data through their phone.'"

2 of 89 comments (clear)

  1. I wonder... by Whuffo · · Score: 4, Insightful
    Did any of these banks actually do any analysis of the security of cell phone data?

    It hasn't been that long since Paris Hilton's cell got hacked and everyone got to see what she kept on her phone; maybe AT&T has better security on this stuff - but I'd bet not.

    I don't think this is going to turn out well...

  2. Re:Is this new? by Anonymous Coward · · Score: 5, Insightful

    USA is a backwater for mobile technologies...