Bank of America's online customers will soon be able to use their mobile phones to check account balances, pay bills and transfer funds.
The bank will launch secure mobile banking for its 21 million online banking customers, beginning in March.
Sanjay Gupta, e-commerce executive for Bank of America, said: "We're taking convenience and control to a new level by providing customers with the ability to stay connected with their finances even when they're on the go.”
Customers will be able to use a wide variety of mobile phones and devices, including Motorola, Nokia and LG handsets and smartphones, such as the Palm Treo, BlackBerry or Motorola Q.
The new service will allow users to check account balances and mortgage payments, pay bills and transfer funds between Bank of America accounts. Customers will also be able to view transaction details for their accounts.
To protect customer information, the bank has developed a security feature that ensures information sent between the bank and the mobile device remains encrypted, the company said.
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