Cell
phones have long been used for talking to each other. But now days we find it packed with more than our basic need for it. It has many features and has been used for a wide variety of purposes. Be it photography, music, sharing etc. Now a new feature for which it can be used is for
banking. Yes, banking which would otherwise take hours will now be available through the
Cell phone. Many major
banks are preparing themselves with the latest technology as the cell phone banking has come of age, according to the New York Times. Old phones like the Motorola Razr can also be used to access this facility. Many other uses for the cell phones are to buy tickets. If one wants to go to a show, he can easily get a ticket messaged to his cell phone. It usually is a kind of
barcode. A barcode scanner will read this barcode when you go for the show. Thus it avoids long que and makes life easier. But a major problem with the technology is that sometimes the barcode cannot be scanned and the ticket may not be considered. But its a rare happening. In case of banking, banks are most concerned about the security part of it mainly to protect the safety of the customer through
safe banking. It is worth noting that there is lot money being poured on researching the ideal way for safe banking. Some banks like the Citibank and Bank of America have introduced software that can be downloaded and installed onto a cell
Phone. It would take less that a minute to download it and use it. The main idea of Citibank is to minimize the amount of interaction between the customer and the bank employee. The Citi Mobile software offered by Citibank works on many cell phones offered by Verizon, AT&T and sprint.
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