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To: tero kuittinen who wrote (2453)	10/1/1999 11:44:00 AM
From: Eric L	Respond to of 34857

Tero, << But is this smart card slotting into the phone really necessary for M-banking >> For wide acceptance of M-banking, the answer is yes, IMHO. The SIM is the card that the carrier Always wants to be in the phone because in the ETSI world, no SIM, no Service. The financial transaction card is the card that the Financial Services Provider (FI) wants his customer to carry in wallet or purse, with his mark (logo) resplendent, available to be used at POS, ATM, or in Mobile (POS/ATM). SIM Toolkit in GSM Phase 2+ facilitates this, WAP facilitates this, Dual Slot facilitates this further. They are complementary. They pave the way for the proliferation of M-banking. << If all necessary safety software can be crammed into SIM card people wouldn't need any extra hassles when using their phones for financial transactions >> IF. Its a lot of software and data to cram into 32KB of EEPROM, particularly if their is a cryptographic coprocessor on board chip, and especially in this age when multiple applications on smart cards are beginning to proliferate. That small chunk of EEPROM has to accommodate digital certificates in this PKI world, alternate authentication algorithms like CAVE in a dual mode world (for AMPS and TDMA, Java Applets, Purses and ID numbers for loyalty applications and loyalty schemes, all in addition to about 8KB native telephony stuff for the subscriber profile, not including stored SMS g-mails. << I've heard of first wave of services including paying bills, making small purchases and perhaps buying and selling shares - none of which demands a smart card >> First wave of services is key. Cellnet who pioneered this stuff, and France Telecom amongst other major carriers are taking it forward rapidly into a next wave. It all started with that extra button Motorola put on the one2one handset back in 1994. Alcatel pushed it forward for Cellnet with the first SIM Toolkit handset in June 1997. Now Motorola first on the street with dual slot. I would bet that Citigroup has the StarTACTM D in their technology lab in LA and that the AMEX Blue guys are looking closely at it. All my opinion of course. Some Links on this topic: Cellnet & FT techweb.com BARCLAYCARD AND CELLNET ANNOUNCE WORLD'S FIRST TRIAL OF ‘MOBILE PHONE CASH MACHINES' mot.com (Asia) NETS TO LAUNCH MOBILE PHONE CASHCARD TOP-UP SERVICE mot.com WORLD PREMIER IN MOBILE COMMERCE mot.com TECHNOLOGY BEHIND WORLD'S FIRST CONSUMER TRIAL OF MOBILE ELECTRONIC CASH mot.com - Eric -