(uskings.us) Wachovia has become the first major US retail bank to launch its own mobile phone-based banking service in an effort to reach more customers through online banking. The service, called Wachovia Mobile, will be available on mobile phones and palm-top computers with internet access and will allow customers to monitor their accounts and transfer funds.
Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total assets. Wachovia provided a broad range of banking, asset management, wealth management, and corporate and investment banking products and services. Wachovia provided global services through more than 40 offices around the world.
The company was organized into four divisions: General Bank (retail, small business, and commercial customers), Wealth Management (high-net-worth, personal trust, and insurance business), Capital Management (asset management, retirement, and retail brokerage services), and Corporate and Investment Bank (capital markets, investment banking, and financial advisory).
In 2006, Wachovia was offered online banking customers patent-pending mobile account information and intra-account funds transfer service for Internet-enabled cell phones and PDAs.
Customers access Wachovia Mobile via the bank’s Web site and could log in using their online banking user ID and password. The initial phase of the service was available to customers who have devices using Windows Mobile 5 with Pocket Internet Explorer.
According to en.wikipedia; bobsguide.com and finextra.com. Source of photos: internet
