Wireless Banking by NEXAGE.Business Editors/Technology Writers BELLEVUE, Wash.--(BUSINESS WIRE)--Jan. 26, 2001 NEXAGE Wireless Banking Solution Can Now be Implemented by Banks to Provide Their Customers Access to Their Bank Accounts Via Their Wireless Internet Phones (1) See IP phone and softphone. (2) (Internet Phone) The first VoIP telephone service in the U.S., introduced in early 1995 by VocalTec Communications Ltd., Fort Lee, NJ (www.vocaltec.com). Using a Windows softphone, calls could also be made to a regular phone. and Mobile Devices NEXAGE, Inc. (http://www.nexage.com), an Internet software and services company, today announced the launch of the Wireless Banking platform based on its proprietary Wireless Information eXchange (WIX) server. NEXAGE is the operator of MyCorner.com (http://www.mycorner.com), a wireless Internet portal that allows consumers to access market information, weather, travel, entertainment, news and sports information from their wireless phone. Banks can develop a completely customized WAP (1) (Wireless Access Point) See access point. (2) (Wireless Application Protocol) A standard for providing cellular phones, pagers and other handheld devices with secure access to e-mail and text-based Web pages. banking application using the Wireless Banking platform, which is based upon NEXAGE's WIX server. Bank customers will gain secure access to their account information using any WAP mobile phone or device. Transactions will be transmitted from the phone to the Nexage hosted wireless banking server or bank's secure WAP server through one of the regions leading mobile operators. Via wireless Internet, Bank customers will be able to view balances on all of their accessible accounts, transfer money between accounts, view statements and look for user-defined transactions. Trading with stocks and funds, checking the status of orders, as well as news and other information services See Information Systems. are also available. "We expects that WAP banking will be widely popular among users of WAP mobile phones in a short time, and will help banks reach a wide range of new customers," said Devkumar Gandhi, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of NEXAGE. The Nexage WIX Server is a software product that enables companies to provide mobile access to information, shopping, electronic mail and other services available on the Internet and private Intranets as well as other information systems. NEXAGE's WIX Server is a powerful wireless Internet application platform supporting numerous WAP devices, including phones from Nokia, Ericsson, Siemens, and Motorola. BankInfinity/IFSG, Inc. BankInfinity.com of Washington have chosen to deploy NEXAGE WAP products as a part of their mobile banking strategy. IFSG IFSG Industrial Forecasting Support Group has also launched SaveforAmerica.org and 401Kidz.com, banking and school savings program for school children, utilizing NEXAGE's e-Finance services. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a Yankee Group (the Yankee Group, Boston, MA, www.yankeegroup.com) A major market research, analysis and consulting firm founded in 1970 by Howard Anderson. It provides general consulting and strategic planning in the computer and communications field. study, there will be more than one billion digital wireless-phones by 2003. Internet-enabled "smart phones" are expected to have 204 million users by 2005. Wireless phone manufacturers are forecasting that by 2002, most of the phones sold will be Internet-enabled. Now all the mobile devices will be able to access Internet content most relevant to them easily via MyCorner.com. NEXAGE's Wireless Information eXchange (WIX) platform Focusing on developing and implementing sources of recurring revenue for wireless telecommunications providers, NEXAGE offers Wireless Internet and E-commerce services based on its successful and proprietary WIX platform. It allows corporate enterprises to deliver corporate information to their mobile work force and allows content providers and e-commerce businesses to reach an untapped wireless consumers on their phones, PDAs, pager or other mobile devices via SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. , WAP, PDQ (Parallel Data Query) A query optimized for massively parallel processors (MPPs). The software breaks down the query into pieces so that several parts of the database can be searched simultaneously. See SMP. and other formats. NEXAGE aggregates and syndicates content and redistributes to wireless carriers, enterprises and other mobile portals. Currently, NEXAGE has nationwide Internet marketing See Internet advertising. agreements for wireless phones, prepaid products, wireless voice and Internet services with most of the major US wireless carriers including AT&T Wireless, Verizon Wireless Cellco Partnership, doing business as Verizon Wireless, owns and operates the second largest wireless telecommunications network in the United States, based on total wireless customers. , SprintPCS, Cingular Wireless, US Cellular and GlobalstarUSA. NEXAGE provides the wireless phones & services to consumers and small businesses through their wireless e-commerce market place, BUYPHONE.com. |
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