Mobile Banking Updates - Oct 30

Motorola's Razr Rules the Mobile Web
"Apple's iPhone is currently the biggest of big deals. The No. 1 phone, right? Think again. Know which well-known phone outsells the iPhone in the U.S.? I'll give you a big hint: This "other" phone has been around for some time, and more people use it to access the mobile Web than any other handset around. Give up? Say hello again to Motorola's Razr phone."

MasterCard Mobile Provides Over-the-Air Provisioning for Mobile
"MasterCard has announced the launch of a MasterCard Over-the-Air Provisioning Service, calling it "the first program of its kind that enables issuers to perform over-the-air personalization of their cardholders' mobile devices in an easy, one-step process."

Mobile Banking Developer Gets Development Funding
"­PlaNet Finance has received a US$1.7 million grant from the Bill & Melinda Gates Foundation to support a Mobile Banking Project to provide microfinance clients with enhanced access to banking services. The project was co-developed with mobile operator, Orange."

Prepaid Will Rely On Mobile Banking For Info
"Person-to-person funds transfers and mobile payments at the point of sale are still a ways off in the United States. But mobile banking has a role to play for consumers, according to speakers at SourceMedia’s ATM, Debit & Prepaid Forum in Chandler, Ariz. (SourceMedia publishes Prepaid Trends.)"

SK Telecom's Mobile Finance Technology Goes Global
"SK Telecom has launched the first commercial mobile financial services with Citibank Hong Kong through Mobile Money Ventures, its joint venture with Citi. Buoyed by the growing market of mobile bankers' support from telco operators and handset manufacturers, the company expects its mobile finance technology to take off in the global market."