Cell Phones Perpetuate a Global Cashless Environment; Forecasts for the Financial Services Industry Validates Netpace's Position in the Wireless Market.Business/High-Tech Editors UNION CITY, Calif.--(BUSINESS WIRE)--June 27, 2000 Leading wireless solutions company NetPace Inc. offers mobile banking solution, facilitating the Financial Services Industry's move towards a "cashless" environment. NetPace's M-Bank (http://wap.netpace.com) is a comprehensive wireless banking solution with product features such as viewing account balances/history, funds transfer, and view/modify account information. M-Bank allows users the ability to set account alerts for such items as low account balance and unusual account activity. In addition, NetPace will be adding a wire transfer feature to the list of M-bank services. According to Deloitte Research, "an estimated 72% cost-savings, worth an estimated $18.3 billion annually, has businesses clamoring to implement online billing systems." Additionally, transaction costs will decrease for not only consumers, but Financial Service providers as well. "Consumers will reduce the time and effort needed to obtain mortgage, insurance, and credit at the same time that producers reduce the costs to provide and service these products." NetPace's M-Bank is well positioned to serve the Financial Services industry with companies such as Wells Fargo and Co. (NYSE NYSE See: New York Stock Exchange :WFC WFC Wi-Fi Connection (Nintendo gaming service) WFC Wide-Field Camera WFC World Financial Center (New York) WFC Workforce Center WFC World Federation of Chiropractic WFC World Food Council - news), Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. Corp. (NYSE:BAC BAC abbr. blood alcohol concentration - news), Citibank (NYSE:C - news), Chase Manhattan Corp. (NYSE:CMB Noun 1. CMB - (cosmology) the cooled remnant of the hot big bang that fills the entire universe and can be observed today with an average temperature of about 2. - news), and Comerica Inc (NYSE:CMA CMA - Concert Multithread Architecture from DEC. - news). "M-Bank is truly a compelling wireless application. This solution allows users to access personal financial data quickly and conveniently," says Omar Khan, Partner and Co-Chief Executive Officer. NetPace has developed effective wireless applications to meet the growing technological demands of the market. The company offers wireless services along with other key providers such as Nokia Corp. (NYSE:NOK NOK In currencies, this is the abbreviation for the Norwegian Krone. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. - news), Motorola Inc (NYSE:MOT - news), Ericsson (Nasdaq: ERICY - news), Palm Computing (Nasdaq: PALM - news), and Phone.com (Nasdaq: PHCM PHCM Master Chief Photographer's Mate (Naval Rating) - news). About NetPace, Inc. NetPace, Inc. is a leading provider of Internet solutions with services such as e-strategy consulting, digital media communications, web-enablement, and wireless development. The solutions NetPace provides enables businesses to leverage leading-edge technology to gain sustainable competitive advantages in today's marketplace. Currently, a privately held organization, NetPace is rapidly expanding with offices in North America, Europe, and Asia. Visit us at www.netpace.com. |
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