Entrepreneur Plus - Short White
For Subscribers

Handy Banks Palm Pilots now make banking <i>hand-y</i>. Get it?

By Cynthia E. Griffin

Opinions expressed by Entrepreneur contributors are their own.

Hang on to your passbooks-banking is going wireless. FromCalifornia to New York, several banks nationwide are testing orhave implemented programs enabling entrepreneurs to access theiraccounts via mobile phones and personal digital assistants."This is a core part of the services banks offer in Europe andAsia, but large banks in the United States are just beginning tobuild this service out," says Alistair Rennie of Toronto-based724 Solutions, one of the primary companies helping U.S. banks rollout the new technology.

"The next phase of real growth and exciting developments[in banking] is wireless," affirms Michael Szwajkowski ofPurchase, New York-based Claritybank.com. This newly establishedInternet bank has incorporated wireless banking as a core featuresince its inception.

In addition to simply offering access to accounts, wirelessbanking allows entrepreneurs to pay bills online and wire money,making the service especially suited to time-pressed customers."These customers have a high desire for convenience and wantonline banking wherever they are," says Charles Piermarini ofChicago-based Harris Bank, which is also testing a mobile-phoneprogram.

This is a subscriber-only article. Join Entrepreneur+ today for access

Editor's Pick

Related Topics

Business News

These 11 Retailers Are Most Likely to File For Bankruptcy in 2023, According to a New Report

Several well-known retailers already filed for bankruptcy in 2023 — now, a new report is highlighting the retailers most likely to follow suit.

Business News

'I'll Gladly Cancel': Customers Livid as Netflix Is Reportedly Increasing Subscription Prices—Again

The Wall Street Journal reported that price hikes are set to roll out following the actors' strike.

Business News

Man Unexpectedly Wins $4 Million Lottery — On a Ticket He Almost Didn't Buy

A Michigan resident stumbled upon a life-changing $4 million lottery jackpot when his preferred game was unavailable.

Growing a Business

Nail That Sale — Top 10 One-Liners to Go From Salesperson to Trusted Advisee

To win the sale, you sometimes have to take off your sales hat and think differently.

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.