23 June 2018
Visit www.gemalto.com

ASB Bank claims NZ wireless banking first

03 August 2001  |  4206 views  |  0 ASB Bank claims NZ wireless banking first

ASB Bank is laying claim to New Zealand's first commercial mobile phone banking service with the forthcoming launch of Fastnet Mobile.

Customers will be able to use the Fastnet service to view mini-statements on cell phone screens and initiate account transfers.

Fastnet Mobile will be available to customers using Telecom NZ's new CDMA network from the end of August. It will be available to other networks as their technologies emerge, says the bank.

Clayton Wakefield, ASB Group general manager, technology and operations says: "Flexibility for customers connecting with their ASB Bank accounts anywhere, anytime will become a reality from late August. The fact that they can see it on screen is a huge bonus, for example, a customer making a purchase in Queenstown or Invercargill will be discreetly able to check a balance on Fastnet Mobile and transfer funds before paying."

Encryption technologies are used to scramble calls and customers will be required to enter a personal access code and password to call up the service.

The mobile phone banking service is the first in a number of wireless technology initiatives ASB Bank is planning. Other projects in the pipeline include payments via Fastnet Mobile and pre-pay mobile phone top ups via ATM's, Fastphone, and Fastnet.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Consumers trust banks, not PINS, for mobile security

Consumers trust banks, not PINS, for mobile security

02 August 2001  |  4212 views  |  0 comments
Billions at stake in battle for mobile consumers

Billions at stake in battle for mobile consumers

06 July 2001  |  4020 views  |  0 comments
Brokerage is key app for US wireless Internet

Brokerage is key app for US wireless Internet

22 June 2001  |  3359 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit www.worldwealthreport.com

Top topics

Most viewed Most shared
GPS raises £44 million to fund international growthGPS raises £44 million to fund intern...
26341 views comments | 7 tweets | 8 linkedin
Robots save Nordea from GDPR processing nightmareRobots save Nordea from GDPR processing ni...
9188 views comments | 10 tweets | 18 linkedin
BIS: Cryptocurrencies are an environmental disaster that could break the InternetBIS: Cryptocurrencies are an environmental...
8532 views comments | 18 tweets | 23 linkedin
hands typing furiouslyArtificial Intelligence at the changing fa...
7295 views 0 | 10 tweets | 5 linkedin
Visa says 5.2m payments failed during 10 hour outageVisa says 5.2m payments failed during 10 h...
6349 views comments | 14 tweets | 10 linkedin