Commonwealth Bank is offering full-functionality mobile banking. And for once, it's not just for the iPhone!
Commonwealth Bank has officially announced the launch of its mobile internet banking service which is available via any internet ready mobile phone. Customers can now log into their NetBank account by visiting netbank.com.au/mobile.
The next
generation banking service allows customers to transfer funds to third party
bank accounts, pay their bills via BPAY, check account balances, review future
and past transactions, view current applications with the bank, view CommSec
trading balances, and locate the nearest bank branch or ATM if their phone has
GPS.
The
service still relies on SMS security, which provides a secondary channel of
authentication. Admittedly if a thief has your phone handset in hand, it is
unlocked, and he has managed to log into your netbanking through the phone's
browser, the SMS authentication may not help a great deal.
