Alliance & Leicester is to launch a mobile phone banking service in the new year, although it will offer few spending options to start with.
The service will be run via the Monilink network, which allows customers to securely access their bank accounts on their mobile phone, wherever they are.
Customers who register for the service will have on-demand access to mini-statements and balance enquiries from their mobile phone using Monilink's secure application.
Customers with a pre-pay mobile phone account will also be able to top up their mobile directly from their Alliance & Leicester bank account – the only way they can actually move funds from their account.
The service is protected by a personal pass code 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 e-commerce at Alliance & Leicester, said, "The service will initially allow customers to check their balance and recent transactions, as well as top up pre-pay mobile phone accounts. We expect new services to be added in the future."
Future services could extend the range of services available using Monilink. These could include the ability to access other accounts, transfer money, and pay bills directly from the handset – the Holy Grail of secure mobile commerce for most banks.
To register, customers simply download an application, which will be available from Alliance & Leicester's website. The service has been developed by Monitise (a division of Morse) and Link (the UK's ATM interchange network).
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