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Deutsche Bank, Nokia offer WAP banking

German customers to get first bite of online banking trial

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Nokia has teamed up with Deutsche Bank to develop a mobile phone banking service, based on the new Wireless Application Protocol (WAP). WAP allows Internet access from mobile phone handsets. Deutsche Bank now plans to exploit this and will offer a dedicated channel to its customers for online banking. Deutsche Bank claims that this is the first service of its kind in Germany. Nokia will provide its WAP server and Nokia 7110 Media phones, along with consultancy services, and Deutsche Bank will manage the money. Nokia says that as yet there are no plans to offer similar services in the UK. ®

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