HIGH RISK MERCHANT
ACCOUNT BANKING SERVICE THROUGH
MOBILE PHONES
Various banking model are
used by the bankers in order to find the
cheapest way to reach to their
customers. Different models have
different expenditure incurred to make
the mobile banking system available to
the customers. The IT sector has been
able to prepare and tackle the
unforeseen revolution in the banking
sectors. People may use very expensive
mobile phones to very cheap ones.
Expensive phones are pre-loaded with
software which is useful in our daily
activities and it also supports internet
networks. The cheap ones have SMS
facilities only. One may not take the
trouble of going to the bank for making
various transactions. The services in
mobile banking are easy and quick. One
can stay at home and send money to
anyone in the world through mobile
banking services. With this innovation,
many financial institutions have been
able to get an opportunity to provide
their services far and wide. Because of
these services many commercial and new
banks have evolved in the market today.
The production of mobile phones has also
gone up.
Technology has reached
such heights that the banking services
are available even through our mobile
phones. We have witnessed how mobile
phones have spread all over the world in
a very short period. Today, almost 90%
of the population have a mobile phone.
Banking services have been made
available on the mobile phones in the
recent years. This facility is also
growing fast and wide like the mobile
phones. The introduction of internet has
given an ascending impact towards the
banking sectors and in other fields and
industries too. Telecommunicating
devices are connected with the GSM
network and mobile banking has been made
possible. According to the survey, about
70% of the people will be using the
banking services via their mobile phones
by 2012. It is a secure and easy method
of using the services of the bank. It is
proved to be a time saver as well as
energy saver.
It has been made easy to
access your bank accounts from any
location using your mobile phone. Money
transfers can also be done through
mobile banking. Mobile banking is known
as m-banking. Various transactions like
money transfer, making payments and
balance enquiries can be done through
mobile banking services. Accordingly,
the mobile companies manufacture devices
suitable for the banking services. The
bankers also try to reach their
customers through whichever way it is
possible either through SMS or through
GPRS networks. The new mobile phones
that come in the market are loaded with
banking software. This type of phone is
heading to capture the market in a great
way. The introduction of mobile banking
systems has uplifted the mobile phone
manufacturing business too. Some of them
are already on the verge of great
success.
Certain software are
compatible with certain types of phones
only. These services are available to
mobile devices that are compatible with
the software. Internet must be connected
to the phone through GPRS services. A
cost is applicable to use these
services. The mobile banking service has
created a great impact on the lives of
people, today.
Contact one of our helpful account
representatives to assist you in the
setup of a
high risk merchant account or
offshore merchant account for a
high risk merchant. |