Mobile banking seems to be the next big thing for our financial institutions. HSBC/First Direct announced a service a couple of months back, Mint followed up with credit card payments via handsets soon after and now the Alliance & Leicester are launching mobile phone banking, via the Monilink network.
Customers that register for the service will have on-demand (and secure) access to mini statements and balance enquiries from their mobile phone. The service is protected by a personal passcode and any information displayed is automatically deleted. No personal details are stored on the handset itself, ensuring that information remains secure, even if the handset is lost or stolen.
Ian Tandy, Director of eCommerce at Alliance & Leicester said: “The mobile phone is already a central tool in people’s every day lives – we increasingly lead digital lifestyles with mobiles acting as the hub. Accessing banking details via a mobile phone is the next natural step, and one we think our current account customers will embrace.”
Alliance & Leicester intends to extend the range of services available using Monilink, include the ability to access other accounts, the ability to transfer money or even to pay a bill directly from your handset.