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Date Published : Wednesday, February 13, 2008
The Bank of Queensland (BoQ) has announced that it is to roll out a mobile banking system during the first half of 2008.
Following in the footsteps of the National Australia Bank (NAB) and ANZ, the BoQ will introduced its BankLink Mobile system to customers later this year.
The system will initially be aimed at business customers of the bank but it plans to increase the availability of the system to transactional account customers during 2009.
Mobile banking will allow customers to check their balances and transactional history, make payments, transfer money and have receipts transferred to them through sending SMS messages.
BoQ group executive Dan Musson said: "Not only can our customers use their mobile phone to check their balances, pay bills, transfer money across their own accounts and into other people's and authorise transactions on company accounts, they can also SMS us to find their nearest ATM or branch.
"And customers have had the ability to get SMS balance or payment alerts through their mobile phones ever since our last internet banking upgrade back in 2006."
Commonwealth Bank launched an SMS-based mobile banking service in 1999, but aborted it in 2005 after a lukewarm response.
Last month, NAB unveiled a form of mobile phone banking.
SMS bankingwill be launched by the bank later this month, which has said that anyone who can SMS can use the new banking method.
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