Opinionated comments on mobile phone industry news
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All entries are written by Anders Borg, CEO and Consultant of Abiro, that has a long experience in strategic planning, developing embedded and Java software, usability aspects, and the mobile phone industry in general. You can also read the latest Mobile News entries on your phone via wap.abiro.com, and we provide many News Feeds from popular news services. For advertising and contribution queries, please use the feedback form. News feed (local) FeedBurner Feed
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Wednesday, October 04, 2006
Mobile banking via SMS
This article is about ways to use SMS as a means for an improved banking experience, for providing feedback to the bank, check account balance, authenticate the user, be alerted when things happen etc.
Most banks don't even support sending feedback to the bank via SMS.
The banks that have used SMS for authentication have experienced that the ROI is quick, as the amount of fraud has decreased considerably.
There's not much said about mobile banking via WAP or similar.
It's interesting, and disillusioning, how slow the adoption of mobile technology still is in certain areas, while Web technology is "everywhere" including for banking, despite mobile phones being much more prevalent than PCs, and a mobile phone is always with you while a PC is not, etc.
160Characters Association
Most banks don't even support sending feedback to the bank via SMS.
The banks that have used SMS for authentication have experienced that the ROI is quick, as the amount of fraud has decreased considerably.
There's not much said about mobile banking via WAP or similar.
It's interesting, and disillusioning, how slow the adoption of mobile technology still is in certain areas, while Web technology is "everywhere" including for banking, despite mobile phones being much more prevalent than PCs, and a mobile phone is always with you while a PC is not, etc.
160Characters Association
