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Mobile banking software companies are growing at a very fast pace and will soon become the primary medium for banks to connect with their customers .A mobile phone is an exceptional and indivisible part of our lives now. It is so multi-functional and is related to copious aspects of our daily life. . It is of great service to its owner in ways more than one but none of them is more beneficial than the mobile banking function provided by almost all mobile carriers today. Mobile banking is known by various other names. The media calls it M-Banking or SMS Banking. Basically it is a term that describes a whole lot of activities. Through mobile banking, one can balance checks, complete his account transactions, make payments on time etc. via a mobile device such as a mobile phone. It is the age of technology and credit unions have also warmed up to it. Many credit unions around the globe now offer mobile banking feature to their customers so that important and urgent financial transactions can be performed even when they are travelling and don’t have access to a PC or cannot visit the bank.
A credit union is a cooperative fiscal organization which is owned and governed by its members, and operates for the intention of promoting financial system, providing credit at rational rates, and providing other financial services to its members. There are many credit unions whose endeavor is to help community development or sustainable international development on a local level. A credit union may be tiny or large. Large credit unions may possibly have more than a million members and several billion dollars of money.
Many of the largest banks have already launched mobile banking services, which are catching on with customers and generating positive business results. Banking via a mobile device is the most revolutionary thing to have happened ever since the advent of mobile phones. Customers can now pay bills, check their account balances, transfer funds and more. Many credit unions are right now choosing between WAP/browser-based mobile banking programs and SMS/Text messaging programs. There are some, who necessitate their customer to download mobile banking software. This is clearly great news for their customers who often find themselves in complex situations when they have to transfer money urgently and cannot access a bank or credit union.
The number of credit unions offering mobile banking facility to their customers is on the rise, and the trend is likely to carry on in the future. They provide solutions for all mobiles: Windows Mobile/iPhone/Google Android G1 Phone/Blackberry and others. The connections are ensured to be safe and secure too.
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