To: Gregg Powers who wrote (32419 ) 6/16/1999 10:09:00 AM From: JohnG Respond to of 152472
Part 2--Global Wireless Bus Apps from YAHOO "Europe and Asia have been pioneering wireless financial applications for the past six to 12 months, says Reiter. "The U.K., France, Germany, Singapore, Hong and Japan are among the countries offering such wireless services as banking and stock trading," Reiter says. The Chevy Chase consulting firm says the market for wireless financial services in the U.S. received a shot in the arm when BellSouth Wireless Data and Fidelity Investments began its Instant Broker stock trading service using two-way pagers from Research in Motion via BellSouth's nationwide packet network. In addition, subscribers to Cellular Digital Packet Data services in the U.S. receive financial information through Reuters. In Canada, Scotiabank is working with Rogers Cantel to offer wireless banking. capabilities. In Germany, Psion is working with Netlife, a developer of Internet payment systems, to provide software for wireless banking and brokerage services. Wireless banking is promoted in Asia by Citibank and in the U.K. by Barclays. In concert with network operators and software developers, major wireless equipment vendors are developing "smart" phones for a variety of data applications, including finance, says Wireless Internet & Mobile Computing. Nokia in Finland, Ericsson in Sweden and the U.S., Alcatel in France and Siemens in Germany are among the leading handset manufacturers that already offer such advanced wireless phones. The consulting firm says that rather than creating a single "killer app," the financial industry has an opportunity to create more lucrative "killer combos" of services. A wireless financial package could include: banking (everything from accessing account balances to transferring funds between banks), stock trading (combined with breaking news and financial analysis) and credit card authorizations (including alerts whenever a subscriber's credit card is used). "There's simply no doubt that of all the possible enhanced services for wireless, financial applications are at the top of the list," says Reiter. Reiter has been anticipating mobile communications trends for 20 years, and his consulting firm helps jump-start the development of enhanced wireless offerings, including wireless Internet, wireless e-commerce and wireless portals. Reiter created the world's first: wireless computing newsletter, wireless computing conference and cellular conference, and helped launch the first cellular magazine. CONTACT: Wireless Internet & Mobile Computing Alan A. Reiter, 301/951-0385 630/982-1994 (FAX) reiter@wirelessinternet.com Web site: wirelessinternet.com .