Feeds

Japanese mobile-based bank cashing in

Mobile phone-based bank accounts

Secure remote control for conventional and virtual desktops

Japanese carrier KDDI hopes the country's mobile users will soon begin shunning physical cash, as it's created a bank of its very own, paving the way for more mobile-mediated payments.

The Jibun Bank Corporation (JBC) – a joint venture between KDDI and the Bank of Tokyo-Mitsubishi UFJ – will begin accepting applications for bank accounts next month. Each account allows users of cashless-enabled mobile phones to incorporate a bank account into the talker, making e-cash payments easier and faster.

Cashless payment services – which are already widespread in Japan – will make it possible for handset users to “simply and rapidly” pay for items through their mobile phone, claims JBC.

The bank added that customers will be able to use “mobile phone number transfers” to swap money between accounts at the touch of, well, literally several buttons. Customers with handsets offering more sophisticated banking functions can also use JBC’s “mobile phone bank book” to manage their bills through a handset.

To promote "cell-phone cash", JBC’s also launching a save-as-you-spend campaign that awards customers points based on how much money they spend through such services.

Only time will tell how popular JBC’s service becomes, but the bank’s clearly expecting big things with mobile-based money because its five-year financial projection value for deposits has been set at ¥1.5tn (£7.1bn/€8.9bn/$13.8bn).

Choosing a cloud hosting partner with confidence

More from The Register

next story
4K-ing excellent TV is on its way ... in its own sweet time, natch
For decades Hollywood actually binned its 4K files. Doh!
Oi, Tim Cook. Apple Watch. I DARE you to tell me, IN PERSON, that it's secure
State attorney demands Apple CEO bows the knee to him
Apple's big bang: iPhone 6, ANOTHER iPhone 6 Plus and WATCH OUT
Let's >sigh< see what Cupertino has been up to for the past year
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Get your Indian Landfill Android One handsets - they're only SIXTY QUID
Cheap and deafening mobes for the subcontinental masses
Apple's SNEAKY plan: COPY ANDROID. Hello iPhone 6, Watch
Sizes, prices and all – but not for the wrist-o-puter
A SCORCHIO fatboy SSD: Samsung SSD850 PRO 3D V-NAND
4Gb/s speeds on a consumer drive, anyone?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.