MergerCircle, Mergerloop and MobileBanking

Aug. 16, 2008 - PRLog -- Mobile Banking- will bring in more Merger explained Robin Trehan at MergerCircle and MergerLoop conference.   

Mobile banking, as its name implies, is simply performing and monitoring bank transactions on your mobile phone.  To use your mobile phone in accordance with your bank account your bank may give you a special software to download to your phone, but most banks today use SMS messaging for mobile banking transactions.  One bank that has unveiled a downloadable mobile banking program is Citibank.

Mobile banking has revolutionized business transactions and the speed at which they can be done.  Mobile banking users can make payments, check balances and more on the fly no matter where they are saving much time.  One popular use for mobile banking is to deposit money into a bank account through your mobile before traveling and then withdrawing it once you reach your destination.  People are doing this because it is a safer option than carrying large amounts of cash which traveling.

Another area where mobile banking is becoming increasingly popular is the services sector.  Through mobile banking, workers can be paid through mobile phones, companies can receive payments from clients through mobile, thus avoiding the need to carry large amounts of cash on a job site, and workers such as taxi drivers and other delivery services can quickly accept payments without having to collect cash.

Mobile banking also presents great opportunities in lesser developed countries where there are no traditional banks or bank accounts, however, there is widespread use and ownership of mobile phones.  Individuals in these countries will now have a safe and convenient place to keep their money and pay their bills.

Mobile banking can also be considered to include mobile brokering and mobile financial information.  Mobile brokering even includes buying stocks right on your cell phone.  One broker in particular who offers this service is Etrade.  Through Etrade’s mobile banking program, you can buy, sell and even research stocks right from your mobile.  This is giving financial traders access to the market and market information that no other generation of investors has ever experienced before.

Mobile financial information can include stock quotes, bank balances, financial news articles and more.  Mobile financial information has enabled financial and business professionals to be aware of changes in the financial markets practically in real time.  Speaking of real time, CNBC even offers free real time stock quotes on mobile phones.  You can access these simply by going to cnbc.com on your mobile phone’s Internet browser.

Mobile banking will be a driving force in the financial markets.  It presents amazing advantages and potential, but at the same time, with all great innovations comes problems. Perhaps one flaw in the mobile banking system will be the security of doing financial transactions on your mobile phone from anywhere on the globe.  Nonetheless, most individuals will enjoy the great convenience of being able to executive investments, deposits, withdrawals, bank transfers and more right from their own mobile phone.
   
www.MergerCircle.com www.MergerLoop.com www.bankforsale.net

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Credit Capital Funding is an alternative asset management and advisory firm with a focus on equity investments in middle-market companies and real estate that hold significant opportunities to create value.

Our private equity funds seek to realize superior capital gains by investing in consolidating, fragmented industries by partnering with strong management teams to build companies through acquisitions and internal growth, while our private equity real estate funds focus on acquiring under appraised assets and development opportunities in metro markets.