ANZ Mobile Phone Banking

ANZ will be the first bank in Australia to launch a browser based mobile phone banking service , which is expected to launch soon( By Middle of the February )

ANZ will offer two services. One is TXT Banking, which uses SMS to deliver a customer’s account balances and view the last five transactions. The more sophisticated service is M-Banking, which enables customers to use their mobile phones to transfer money between their accounts or to other bank accounts in Australia.

TXT Banking can be used on any phone, but M-Banking requires a device that can install Java applications and has GPRS internet access. On its website, ANZ lists 76 phones compatible with M-Banking.After installing the application and activating their mobile accounts, users of M-Banking can view account balances and past transactions or transfer money to an account at another bank.

Mobile banking transactions are protected using SSL encryption, which is the same technology used to secure many transactions on the internetRead More…

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