Cingular Offers Mobile Online Banking

Nov 15, 2006

Cingular Wireless is teaming with mobile banking and payments facilitator Firethorn Holdings to deliver online banking capabilities to the cell phone. Visa USA also is making further inroads in the mobile payment sector.

The service will enable Cingular customers to conduct mobile banking as well as make payments via their wireless handsets.

"Two-thirds of America's 300 million people now use wireless phones and nearly 60 percent of wireless customers use their handsets for something other than making calls," says Mark Collins, Cingular's vice president for long-term products and services planning. "It is the right time for the wireless industry to begin moving ahead with mobile banking,"

The companies are currently in the trial phase, but Cingular expects to roll out the mobile banking and payments application commercially early next year.

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