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Motorola Launches Mobile Banking System

Feb 8, 2006, 2:00 PM by (staff)

Motorola today announced M-Wallet, a solution that allows users to unite all of their bank accounts, credit cards and more on the mobile phone. This system is currently composed of a secure server hosted by a carrier, and a downloadable client for nearly every platform including Java, BREW, Windows Mobile and Symbian. The client allows users to access information on their accounts and complete online banking operations including funds transfers, bill payments and statement reviews. In the near future, M-Wallet will be able to replace the cards themselves and not just access to their accounts. M-Wallet will operate in conjunction with Near Field Communication (NFC) chips once they are included in handsets or available as an accessory. Phones can then be used to make near-instant pay at registers, access cash machines or act as a ticket for events or transportation. M-Wallet will be equally platform agnostic as a mobile payment system - it should be compatible with any standards-compliant NFC enabled phone regardless of manufacturer.

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Comments

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This forum is closed.

INSURANCERIPOFF

Feb 11, 2006, 2:35 PM

Finally!!

It was about time we caught up with Korea and most of Asian countries which already have this service. 🤣

jdc45

Feb 8, 2006, 2:33 PM

Bad

This is great until you loose your phone.

gunny

I'm sure it will be just like if you loose your credit card now, call and cancel. no biggie.

...

Phydeaux

We were thinking that back when we started keeping all of our QuickBooks data on Palm Pilots.

The solution, of course, is a robust security system that deletes your own data after a few failed attempts to log in to the device. It's better than it f...
(continues)

gunny

Feb 8, 2006, 2:33 PM

Hurry I'm ready

I cant wait for this to launch. The day I can leave my wallet at home is the day I'm looking forward to. I guess I would still have to carry my license, but maybe one day I wont. All my credit cards on my phone, hell yeah buddy 😁

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