Posted by loonee
recently i made a fund transfer with the mobile banking services, i find it very convenient, but i am wondering how safe is mobile banking?
Posted by loonee
Nobody using mobile banking?
Posted by boto43
i use mobile banking and think its a safe if no1 knows about u .
Posted by mixin
my bank used to have its wap banking, but took it offline about a year ago. I used to use it quite a lot actually. Found it really easy to use and came in very handy.
They have telephone banking, but its just not the same
Posted by loonee
current mobile banking system using ordinary sms is not secure enough for banking transactions, the reason is that data passed through normal sms is not encrypted.
4 types of mobile banking:
WAP-banking: micro websites following the wap standard, in many ways, this model is quite similar to internet banking.
SMS-banking: based on GSM standard service to exchange text messages, with the customer sending as sms with a request to the bank and getting the desired information in response, such as information on account balance, interest rate information, etc.
M-banking: with PDA is designed for mobile phone accessories that have capacity to store and execute individual software, therefore it can process more complex calculations, etc. processing loan applications.
M-banking with SIM TOOL KIT (STK): information is stored in the sim card, such as personal data base, authorization of customers, and additinal individual applications.
STK is a menu based system, customer can easily remember rather than inpit data by themselves, menu-based mobile banking is secure