Cracking the Safe Open on Wireless Banking | AccountingWEB

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.

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.
Premium content is currently locked

Editor's Choice

WHAT KIND OF FIRM ARE YOU?
As part of our continued effort to provide valuable resources and insight to our subscribers, we're conducting this brief survey to learn more about your personal experiences in the accounting profession. We will be giving away five $50 Amazon gift cards, and a $250 Amazon gift card to one lucky participant.
This is strictly for internal use and data will not be sold
or shared with any third parties.