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Wireless Banking Going Nowhere

Only a handful of people who have mobile web access on their phones use it. Even fewer use mobile banking services. The demand has been so tepid that mobile banking pioneer Bank of Montreal is shutting down it’s wireless service. However it will keep the brokerage service running. Stock trading is time sensitive enough that users find it valuable. It seems that financial services customers will use mobile devices for dynamic information, but won’t bother checking static information.

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