What are the different types of mobile banking technology?
different types of mobile banking technology can be classified by means of funds used to communicate with customers and allow them to access its services. Most of the technological applications used by banks integrate with smartphones such as iPhone® and BlackBerry®. Three widely available types of mobile banking technologies receive and send data via text messages, web browsers, and smartphone applications.
For customers who want to use mobile banking technology but do not have a smartphone, there may be text messages. Banks send customer notifications via text messages. These alerts are available for account balances, payments sent, direct deposits and countless account activities. Some banks allow users to register for these warnings through their online banking service, while others charge a fee except for text messagesThe carriers charge their mobile phone carriers.
Some some some reports can be used to communicate with Bank staff instead of e-mail or send a message via an online website contact center. By strengthening text messages, the Bank's customers can be able to send gifts from their deposit accounts by strengthening text messages. These gifts are sent to charity organizations or causes with which the bank has established partnership.
The second type of mobile banking technology is a mobile web browser. Individuals who own mobile phones with web access are able to switch to the modified version of the bank's online website. Full account access is provided from the site, allowing users to monitor activity, require account transfers and make payments. Access to the bank's website from a mobile phone usually does not lead to a bank fee, but the user most likelyThe lives will be made fees for data from its wireless carrier.
One of the most interesting formtechnology of mobile banking is to develop applications for banking smartphones. They provide users with one touch access to many account functions. Like web browser technology, customers have full access to their accounts through the mobile phone application. Some banks or payment services allow users to take a check and virtual deposit of ATM through their phones.
More typical services include account transfer, account payments and activity monitoring. These services allow customers to make banking transactions even if they are not near the computer. They can monitor fraudulent activity and immediately inform the bank's employees if there is a problem.