HSBC puts m-commerce on fast track

It has taken HSBC and its online banking arm First Direct just 500 development days to develop a mobile banking service that runs across the Link cash machine network.

It has taken HSBC and its online banking arm First Direct just 500 development days to develop a mobile banking service that runs across the Link cash machine network.

The two banks will use the Monilink mobile platform, developed by Monitise, to bridge the gap between cash machines and internet banking.

The service is expected to pave the way to paying for transactions using a phone.

The application uses a downloadable mobile Java applet to give customers access to basic banking services on-demand, including mini-statements and balance enquiries through their mobile handset.

The bank worked with a consortium to build the service, allowing it to introduce the applications much more quickly.

Read article on Alliance & Leicester


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