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Mobile Commerce
by Scott on April 3, 2007

Today it has emerged that Citibank also plans to jump into the mobile banking game by rolling out Citi Mobile in Southern California in coming months, with a nationwide rollout to follow.
While mobile customers in Europe and Asia have been enjoying the grown-up privilege of mobile banking for a few years, the US market is just now showing a level of maturity of usage broadly that warrants serious investment in mobile financial applications. With many consumers time-poor and increasingly reliant on electronic banking, and also able to run more complex applications on their faster, more powerful mobiles, the stars are perhaps aligning for mobile banking.
Banks will have to pay serious attention, however, to issues of security, which often have American consumers skittish about any kind of remote financial applications. The banks working with Cingular will enable remote wiping of data should a mobile go missing, much like business users can do with some smartphone accounts.
Permalink: Mobile Banking Back in Focus in US
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/61509
Mr Wong
Vote for Mobile Banking Back in Focus in US:
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Rating: 6.60 out of 5 vote(s) cast.
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Response from:
PC Sikkerhet
(04/06/07 2:59am)
They started up with mobile Banking in Norway just some months ago. I think I will wait 1-2 years before its safe to use the phone to pay my bills. You can hack a phone. So whats next?
Response from:
M600i
(04/13/07 6:56am)
I have managed to sort out mobile banking ( via HSBC ) on my Sony Ericsson Symbian Smartphone. It is great. I wish I had more money though.
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