More banks provide m-banking services<\/p>\n
Today's banking transactions have become much easier and more
\nconvenient, for, subsequent to phone and Internet banking,
\nsophisticated telecommunications technology has made mobile
\nbanking one of the latest services available from most major
\nbanks. Since 2002, the number of banks providing this service has
\ngrown further.<\/p>\n
Just as the name indicates, mobile banking -- now often
\nabbreviated to m-banking -- means banking transactions via your
\ncell phone.<\/p>\n
Some of the banks that provide this facility are: BCA (m-BCA),
\nBank Niaga (Niaga Ponsel Access), HSBC (HSBC PonselBanking) and
\nBank Mandiri (SMS Banking Mandiri).<\/p>\n
Several years ago, some of the banks required their customers
\nto use different Subscriber Identification Module (SIM) cards for
\nm-banking services and the banks cooperated only with certain
\ncell phone operators.<\/p>\n
For example, for m-banking with HSBC and BCA you have to use a
\nspecial SIM card that contains the mobile banking transaction
\nmenu.<\/p>\n
Recently however, some other banks, such as Bank Mandiri and
\nBank Niaga, have changed the prerequisite. In close cooperation
\nwith all operators in the country -- Exelcomindo, Telkomsel,
\nSatelindo and Indosat M3 -- these banks do not require their
\ncustomers to change SIM cards for m-banking.<\/p>\n
Most customers feel that m-banking is quite safe, because the
\nuser's identity is the cell phone number and one does not have to
\nreveal the account number while sending the text message. On top
\nof that, the customer has his or her own Personal Identification
\nNumber (PIN), which can be changed at any time.<\/p>\n
For further security, each transaction with BCA is encrypted,
\nwhile at HSBC the latest multi-layer technology is used.<\/p>\n
Most of the transactions that can be conducted through m-
\nbanking are more or less similar at most banks: information on
\ncurrent balance and some of the most recent transactions, money
\ntransfers, payment of various bills (telephone, electricity,
\nwater, insurance, school fees, credit cards etc.) and change of
\nPIN. Some m-banking services allow customers to purchase prepaid,
\ncell phone talk time or even shares on the stock market.<\/p>\n
Almost all of the banks that provide m-banking services only
\nallow transfers between their own customers. The amount that can
\nbe transferred is also limited. At BCA, for example, a holder of
\nBCA Silver ATM is allowed to transfer a maximum of Rp 7.5 million
\nper day, while for BCA Gold ATM holders the maximum transfer is
\nRp 15 million per day. The greatest transfer amount allowed -- Rp
\n50 million per day -- is the privilege of BCA Platinum ATM
\ncardholders.<\/p>\n
While some banks require their customers to make a personal
\nvisit to one of their offices to complete the necessary forms,
\nBank Niaga has recently made it more convenient, as its customers
\ncan register at its own ATMs for m-banking services.<\/p>\n
So, in today's hectic world, where most of us are busy doing
\none thing or another, banking transactions via m-banking are
\nbecoming much more convenient, simpler and safer. With ongoing
\ndevelopments in telecommunications technology, the transmission
\nof messages is also getting faster as it takes only a couple of
\nseconds. And remember, for the security of your money, the text
\nmessages are automatically recorded and stored, under maximum
\nsecurity, on servers on both sides -- your cell phone operator's
\nas well as the bank's.<\/p>\n
-- Ari Darmawan<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/more-banks-provide-m-banking-services-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }