To: Erik T who wrote (9486 ) 8/31/1999 7:51:00 AM From: tktom Read Replies (1) | Respond to of 20297
Mobile Banking with Nokia and Deutche Bank..Things are really heating up....cbs.marketwatch.com Nokia, Deutsche in mobile bank move By Barbara Kollmeyer, CBS MarketWatch Last Update: 4:52 AM ET Aug 31, 1999 NewsWatch HELSINKI (CBS.MW) -- Nokia Oyj AB, the Finnish telecom equipment maker and Germany's Deutsche Bank are teaming up to develop mobile banking services based on Wireless Application Protocol (WAP) technology. Today on CBS MarketWatch U.S. rate concerns rattle European bourses Internet Capital Group soars AT&T cuts prices for long distance, wireless French retail giants merge Qualcomm wins Q phone case More top stories... CBS MarketWatch Columns Updated: 8/31/99 5:07:38 AM ET The WAP protocal is an industry standard for Internet content and advanced telephone services in digital mobile phones and other wireless devices. The new WAP protocol allows for Internet access with a mobile phone, and mobile banking. Deutsche Bank, the world's biggest financial services group, will use the technology to offer its customers a new online channel for banking. It will also be the first global bank to announce WAP-based mobile banking in Germany. Along with consulting on the project, Finnish telecommunications equipment maker Nokia (NOK: news, msgs) will provide its Nokia WAP server and Nokia 7110 media phones. The WAP industry standard allows product compatability between manufacturers, network operators, content providers and application developers. It also offers secure serves on all digital devices and networks. The WAP forum has over 130 members and has published a global wireless protocol specification for all wireless networks. Shares in Nokia slipped 2 euros, or 2.4 percent, to 78.10 in Finland, while shares in Deutsche Bank fell 2 euros, or 3 percent, to 64.62. Telecommunications and technology shares were weaker in general on Tuesday after the U.S. Nasdaq fell 1.7 percent and the Dow Jones fell 1.6 percent.