To: Erin who wrote (25564 ) 12/2/1998 3:07:00 PM From: Moonray Respond to of 45548
Bank of America to Deliver Wireless Banking Services Via 3COM Palm VII Organizer; Online banking leader will be first to offer real-time wireless banking services - BW, 01:35 p.m Dec 02, 1998 Eastern SAN FRANCISCO --(BUSINESS WIRE)--Dec. 2, 1998-- Bank of America (NYSE:BAC)today announced plans to deliver wireless banking services to users of the Palm VII(TM) connected organizer -- the first all-in-one wireless handheld computing product from Palm Computing, Inc., a 3Com company. With mobile connectivity to Bank of America's web site (www.bankamerica.com), Palm VII users will have real-time access to their personal bank account information through a connection to Bank of America's Home Banking. For the first time in history, with a few electronic pen strokes, people will be able to check their balances and see which checks have cleared anytime, anywhere without a personal computer or telephone. "Welcome to banking in the 21st century," said Michael DeVico, executive vice president of Bank of America's Interactive Banking Division. "Consumers on the go will no longer have to depend on plug in access to quickly and easily obtain account information and do their banking. From personal computers to broadband cable networks, wireless banking is yet another example of Bank of America working to provide its customers with a wide range of access channels to conduct their banking." "Bank of America has built a great reputation for using the Internet to provide leading-edge customer services," said Andrea Butter, acting vice president of marketing of Palm Computing. "Add the ability to access this kind of service from your pocket, and the opportunity becomes even more compelling for Palm VII users. It is precisely this type of capability that will fuel the continuing rapid growth of the online financial services market." The Palm VII connected organizer is the first handheld solution for out-of-the-box wireless communications and Internet access. In addition to providing fast and simple access to personal and business information, the Palm VII organizer enables users to quickly, easily and securely obtain information from Web sites via a wireless connection to the Internet and provides a means of instant two-way personal communications. The Palm VII organizer enters a national field trial in January 1999, and is expected to be widely available in the U.S. next year. With the Palm VII organizer, 3Com also introduces a revolutionary new model for accessing Internet information, called web clipping. Web clipping is a means of extracting a specific set of needed information from a given Web site, by requesting certain types of information via special query forms that reside on the Palm VII device. Information received from the Internet by a Palm VII user is automatically optimized for viewing on the Palm VII screen. About Bank of America Bank of America, with $595 billion in total assets, is the largest bank in the United States, with full-service consumer and commercial operations in 22 states and the District of Columbia. Bank of America provides financial products and services to 30 million households and 2 million businesses, as well as international corporate financial services for business transactions in 190 countries. More than 1 million of the bank's customers bank online via the Internet, America Online, or personal financial management software. Bank of America stock (ticker: BAC) is listed on the New York, Pacific and London stock exchanges and certain shares are listed on the Tokyo Stock Exchange. For more information, please visit www.bankamerica.com and www.nationsbank.com. Copyright 1998, Business Wire o~~~ O