Rants And Ramblings About Mobile Technology
Anders Borg writing about the fun and crazy world of mobile and Internet service technologies.
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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
