Cracking the Safe Open on Wireless Banking
These days, you can hardly turn around without a new innovation, invention or iteration ... so why should the concept of wireless banking be any different?
At the COMDEX show, global business giant EDS has developed a way to conduct banking transactions using the Palm VII. The Palm VII is the newest version of the PalmPilot that also is wireless and connects to the Internet using built-in software and a modem.
Already, EDS and its Wireless Banking Solutions Unit is working with USABancShares.com, a bank already offering services over the Internet, but also hopes to work with other land-based institutions and credit unions.
For example, EDS is in negotiations with Texans Credit Union, a Texas-based organization serving many customers around the state.
Cost for the new service would be set by the customer's respective bank, and would most likely include airtime fees.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.