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KDDI and Mitsubishi-Tokyo UFJ Bank Formalize Mobile Internet Banking Business.


Tokyo, Japan, Apr 27, 2007 - (JCN JCN Japan Corporate News
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 Newswire) - KDDI Corporation and Mitsubishi-Tokyo-UFJ Bank jointly established the Mobile Net Bank Development Corporation in May, 2006 in preparation for the two companies to launch a mobile 'New Bank'. The Development Corporation has since been formalizing the business plan, finalizing products and services, and building the required core systems for the New Bank. Subject to approval from the appropriate authorities, KDDI, Mitsubishi-Tokyo-UFJ, and the Development Corporation have now agreed on the line-up of products and services and the commercial time frame for the New Bank, which is scheduled to open midway through this financial year.

The New Bank (Shinginko in Japanese, meaning 'New Bank'), will offer a full line-up of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 oriented o·ri·ent  
n.
1. Orient The countries of Asia, especially of eastern Asia.

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a. The luster characteristic of a pearl of high quality.

b. A pearl having exceptional luster.

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 to individual consumers, capitalizing on the strengths of the mobile phone as only a mobile carrier could do, and providing a high level of convenience and usability How easy something is to use. Both software and Web sites can be tested for usability. Considering how difficult applications are to use and Web sites are to navigate, one would wish that more designers took this seriously. See user interface and usability lab.  beyond what customers have experienced thus far. In as much, the New Bank will introduce a new era of personal consumer finance.

More specifically, the New Bank will meet a wide range of individual customer needs by offering yen savings accounts Savings Account

A deposit account intended for funds that are expected to stay in for the short term. A savings account offers lower returns than the market rates.

Notes:
, foreign currency accounts, stocks and investment funds Noun 1. investment funds - money that is invested with an expectation of profit
investment

assets - anything of material value or usefulness that is owned by a person or company
 (as broker), insurance (as distributor), card loans, credit cards, bank transfers, various settlement services, e-Money charging and other services.

The New Bank will also offer services only possible through a mobile phone, such as making bank transfers to parties selected from users address books, logging-in directly from the main phone screen, and checking trading history on the phone screen.

In order to ensure the safe and secure operations of all systems, products and services will roll out in several stages after business starts, with full notification and support offered customers as each product and service is introduced.

About KDDI Corporation

KDDI (TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
: 9433; US: KDDIF) is the only Japanese information and communication company that comprehensively provides all communications service, from fixed to mobile. KDDI is aggressively working towards realization of the coming Ubiquitous Network Society through its ability to develop leading-edge fixed and mobile communications networks The transmission channels interconnecting all client and server stations as well as all supporting hardware and software.  and services to support them and through the ability to carry out technical R&D at a level unsurpassed anywhere. The 73 KDDI group companies have more than 8,300 staff and turnover of 3,335 billion yen through March 2007. For more information, please visit http://www.kddi.com.

Source: KDDI Corporation

Contact:
Noriko Seki
Japan Corporate news, for
KDDI Corporation
Email: noriko.seki@japancorp.net


Copyright [c] 2007 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K.
COPYRIGHT 2007 Japan Corporate News Network K.K.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:JCN Newswires
Date:Apr 28, 2007
Words:424
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