May 24, 2007
Cellphone Banking Is Coming of Age
Bank of America has launched a mobile service for its 20 million online customers, bofa.mobi, reports Moco News.
"The mobile service will allow customers to check balances and view transactions (on checking, saving, credit cards, mortgages, home loans), pay bills, and transfer money between accounts and to other Bank of America customers.
The NY Times has a review article on mobile banking services based on Bank of America‘s effort as well as that of Citibank, which launched a downloadable application to offer its service. A good point is raised: “While banks may not charge for making transactions on a phone, cell carriers do.
And Business Week reports on Barclays Banking recent launch of mobile banking services.
"Customers can access Barclays' online banking systems via a Barclays.mobi' link on a web-enabled mobile.
The free service will initially allow the bank's pre-registered 1.9 million online banking customers to check their account balance and statements, with more services to be added shortly.
Customers can view pages from Barclays' online banking service in an updated format - designed specifically to be viewed on mobile phones. "
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