Early next year Cingular cellular customers are going to benefit from a great new service.  Mobile subscribers will be able to do a great deal of their banking on their mobile phone.

They will be able to check balances, pay bills, even transfer money.  The service is supposed to work in a very similar manner to online bill payment services managed via a computer.

Cingular is hoping that this new service will attract new customers and give their existing customers added flexibility while they are traveling or on vacation.

Cingular is currently in talks with banking institutions to attempt to complete the program.  Banks will have to agree to allow Cingular to download information from their systems, which is no small request.  The current estimate is that the service could be available by early 2007, but will probably have a limited roll out with only a few banks signing up initially with others following on later as their own time allows.

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