The concept of Mobile banking is basically equivalent to informational services as todays applications are focused on displaying less sensitive information regarding accounts along with different widgets such as GPS locating of branch offices and ATM’s etc. These services are easy to implement and does not require a security layer within the mobile application.

Using Accumulate’s security client where the end users identity is established, transactional services such as inter/intra bank transfers, invoice payments and stock and fund trading can be added. Consequently, the mobile phone becomes a direct access channel to the account meaning that the bank customer can pursue the same actions as in a branch office, via IVR or through the Internet channel.

Transactional services examples:

• Inter/intra bank transfers
• Bill payments
• Stock/fund trading

Information services examples:

• Balance statement
• Transaction history
• Online and purchase alerts
• Fraud warning alerts
• Offers
• ATM/branch locator