Word: wireless
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Dates: during 2000-2009
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...electronic wallet got one step closer to reality on Monday when Citibank unveiled a cell-phone-based service that lets customers pay bills, check their account balances and transfer funds, regardless of which wireless carrier they use. The free program, Citi Mobile, will be available for customers in Southern California via download this week at Citibank.com and will go nationwide this summer. AT&T, Sprint and Verizon customers can start using the program this week, with other carriers and a Spanish-language version out later this year. "We're changing. Banking is changing," said Citigroup CEO Chuck Prince...
...Unlike last week's announcement by AT&T, in which Wachovia and other banks launched their own mobile-banking applications in partnership with the country's largest wireless provider, Citibank customers can access Citi Mobile from any carrier on over 100 handsets ranging from the BlackBerry to the RAZR. Bank of America launched a smaller mobile banking offering in Tennessee last month, and says it will take the service cross-country by year...
...Another hitch for mobile banking has been reluctance by wireless carriers and banks, both known for their strong-arm practices, to cede control over the application's look and feel. "Wireless carriers are not the easiest people to deal with. They want to control the user experience because in the end they are going to get blamed for it," says mobile analyst Roger Entner of IAG Research. Banks, on the other hand, are hyper-cautious. "They are so conservative and so security conscious. They don't want to do anything that will lead to fraud," says Gerry Purdy, chief mobile...
...idea of ads on their handsets "annoying." Network operators, wary of getting caught up in spam wars like those that plague the Internet, say they're concerned about keeping subscribers happy. "Unwanted or unsolicited text-message spam to our customers' handsets is unacceptable," said Steve Zipperstein, a Verizon Wireless spokesman, after the U.S. carrier in February successfully sued tour company Passport Holidays for spamming. The U.S., Singapore, India and China are just a few of the countries now considering regulating such communications. "People won't invite you into their pocket unless you offer them value," says Sandy Agarwal, managing director...
Like Gates, Allen now devotes much of his time to giving away lots of money. He still has a fortune north of $15 billion and has remained active in the tech world, investing in a series of start-ups, from AOL to early wireless networks. He scored big with such outfits as DreamWorks and Ticketmaster, while some of his other investments have struggled, like Egghead Software and Purple Moon, a failed CD-ROM venture...