« Virgin Money's Student Payback Could be the Beginning of Something Disruptive | Main | Scooter Loans from "Green" Credit Unions »

WaMu Launches Text-based Mobile Banking

By Jim Bruene on May 19, 2008 10:39 PM

imageWaMu just launched its first foray into mobile banking, a text-message-based (SMS) service believed to be powered by New Zealand's M-Com (previous post here). Thanks to Brandon McGee, blogging from his vacation via iPhone, for the tip (here).

The free service provides text-based access to balance and history of checking and savings accounts. To use the mobile services, WaMu customers must first register through online banking to activate their phone. Up to five phones can be registered through a single online banking account.  

Chase is the other U.S. top-10 bank using primarily a text-based approach for mobile delivery. See our Online Banking Report on Mobile Banking for more information on the growing market, including a 10-year adoption forecast.

More info at the WaMu website:

Comments (0)
AddThis Social Bookmark Button

Most Recent Posts:

TrackBack

TrackBack URL for this entry:
http://www.netbanker.com/cgi-bin/mt/mt-t.cgi/1902

Post a comment

(If you haven't left a comment here before, please note that we will read your comment before it is approved to go up on the blog. However, we'd prefer that you and our other readers didn't have to wait. If you'd like your comments to appear instantly in the future, you can create a TypeKey account and we'll set you up as a trusted commenter!)


Please enter the security code you see here

Sponsors

2009 Planning Guide for Mobile and Online Banking - Do more with less!
New Techniques for Secure Online Finance - Explore innovative ways to protect your customers online!
New Models in Lead Generation - Check out the best new ideas in getting customers online!


Sponsored Links

Events

  • Finovate 2008: On October 14th, Finovate returned to NYC to showcase the newest innovations in financial technology from companies large & small. The event was a huge success!
  • Did you miss FinovateStartup in April? Check out the videos of the demos!

Research

  • NEW! 2009 Planning Guide for Online & Mobile Banking: Packed with more than 1000 brainstorm-inducing ideas, tactics, and tips you can use to improve the effectiveness and profitability of your online initiatives! - Find out more
  • NEW! New Techniques for Secure Online Finance: Sandboxing, keyboard encryption, and real-time mobile integration could lock in more online customers - Find out more
  • NEW! New Models for Lead Generation Auctions, personal finance communities, and tools provide alternatives to Google AdWords- Find out more
  • Online Investing Communities: Will social networking revolutionize saving & investing?- Find out more
  • Searching for Customers 3.0: Search engine marketing for financial institutions- Find out more
  • Person-to-Person Lending 2.0: Disruptive service or market niche? - Find out more

Products & Services

  • Compare CD (certificate of deposit) interest rates and read customer reviews at Bankaholic