AMP Banking goes WAP

AMP Banking announced today an agreement to trial WAP (Wireless Application Protocol) banking services with Cable & Wireless Optus.

The new WAP banking service will allow customers the same type of transactions as AMP Banking's Internet banking on the screen of a WAP compliant mobile phone.

Transactions will include accessing account balances, a short account history, transfer between AMP Banking accounts, transfer to a pre-registered account at any other financial institution, stop cheques and re-order cheque / deposit books.

According to Mr Stephen Balme, managing director of AMP Banking, adding WAP banking has been made easier due to AMP Banking's browser based approach to Internet banking.

“From day one we've adopted a technology-smart approach to building our infrastructure network and WAP is a good example of our ability to move quickly and be flexible in this area.” Mr Balme said.

“We anticipate WAP banking will be ready for trial in Australia in June with New Zealand to follow shortly after.”

“What we're excited about is the flexibility of the technology as it provides an ideal method for busy people to do their banking wherever and whenever they want in a fast, stable and secure environment.” he added.

Ms Finola Thompson, General Manager, Mobile Internet and Data, Cable & Wireless Optus said the portability of a mobile phone makes WAP banking more flexible than Internet banking using a laptop.

“With a WAP enabled mobile phone, AMP Banking customers will soon be able to do basic banking anywhere from the boardroom to the beach,” Ms Thompson said.

Optus' WAP service, called Optus Networker, gives Optus' GSM mobile customers access to online information such as e-mail, breaking news, business news, share prices and financial indices, technology news, sports news and results, movie listings, horoscopes and weather.

AMP Banking's WAP banking service development partners include IBM and Soprano Design.

AMP Banking was established in June 1998 offering branchless direct banking and today has over $6 billion in residential and investment loans.