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Vodafone offers free mobile banking

Mobile operator Vodafone has announced that its UK customers will now be able to access their finances free of charge via the Vodafone internet on their handset, over the MoniLink mobile banking network.

The service, Vodafone Internet On Your Mobile, allows UK bank customers to check their balance, request a mini-statement and top up their mobile phones from their mobile handset.

Customers can now register their bank or building society account for the MoniLink mobile banking service from the Vodafone website. Once registered, customers are able to connect to their account using a secure application stored on their mobile. On accessing MoniLink, the customer will be required to enter a unique passcode, registered with their bank or building society, before secure access to their account is granted.

Al Russell, head of Vodafone Internet On Your Mobile, said: "With the launch of the Vodafone Internet On Your Mobile we want to give customers access to all the services they see as essential, in the palm of their hand. Banking is one of the most important services that our customers use and by partnering with the MoniLink network we can ensure that all of our customers are able to access their bank accounts on the move, whenever they wish."

The MoniLink service has been developed by Monitise, a specialist in mobile banking technology. The company processes more than eight billion transactions a year, including 15% of Europe's automated payments.

Source: Banking Business Review
Date: 11.07.2007 [55]
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