mobilbanking
Mobilbanking, or mobile banking, refers to the delivery of banking services through mobile devices such as smartphones and tablets. It enables customers to access a bank account and perform a range of transactions using a bank's mobile application or a mobile-optimized website. Common functions include checking balances and transaction histories, transferring funds between accounts, paying bills, sending money to other people, and locating ATMs or branches. Some services also offer mobile check deposit, investment account access, loan management, and real-time alerts.
Access is typically secured by authentication mechanisms such as a user ID and password, biometric verification
Security and privacy considerations are central to mobilbanking. Potential risks include phishing, malware, SIM swapping, and
History and impact: Mobile banking began with SMS-based services in the 2000s and evolved with smartphone apps