Cellphone Banking is Gaining Ground

Cellphone Banking is Gaining Ground

The idea of dispensing money from one’s cellphone has been simmering for many years, but it’s only now that it’s beginning to gain acceptance. A growing number of banks in the U.S. are allowing clients to pay bills and transfer funds using the ubiquitous mobile phone.

Wachovia, America’s fourth-largest bank, made the move in December, allowing its more than 4 million online clients to view their account information and transfer money via cellphones. Bank of America will follow next month, and Citigroup will soon offer similar banking services.

A number of banks tested the technology in the late ‘90s but it never caught on. This time, as security concerns are being addressed, cellphone banking appears to be catching on and becoming widespread. But still, beware.

[Via: Yahoo News]

Chris Malinao

About Chris Malinao

Chris teaches Lightroom as workflow software to photography students at the FPPF, Federation of Philippine Photographers Foundation. He also teaches smartphone photography.

EXC Early 1968 KIEV 4 with Jupiter 8 53mm f2 lens Contax Mount USSR rangefinder picture
EXC Early 1968 KIEV 4 with Jupiter 8 53mm f2 lens Contax Mount USSR rangefinder
Vintage Konica C35 Automatic Rangefinder Camera with Konica Haxanon Lens 38mm B8 picture
Vintage Konica C35 Automatic Rangefinder Camera with Konica Haxanon Lens 38mm B8
[VERY RARE '62] Yashica Campus Rangefinder Film Camera
[VERY RARE '62] Yashica Campus Rangefinder Film Camera "FULLY WORKS"/4.8cm F2.8
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[EXC.+++] CANON CANONET 35mm Rangefinder Film Camera /SE 45mm F1.9 Lens JAPAN

"RARE" [EXC.++] OLYMPUS WIDE Rangefinder Camera 1955 /D.Zuiko-W F.C. 35mm Lens