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Bank
of India to introduce mobile banking in Bangalore
Our
Banking Bureau
19 March 2003
 Bangalore:
Bank
of India is set to introduce its mobile banking services
in Bangalore shortly. Infrasoft Technologies is providing
the software solutions for the wireless automated teller
machine (ATM) network to be deployed in these mobile banking
projects.
The
mobile ATM is connected to the banks’ branch network
through a wireless medium and validates account balances
online before committing any transaction. Customers using
mobile ATMs can hold accounts in any of the 275 branches
currently connected to the multi-branch banking network
of Bank of India. Soon, Swadhan ATM cardholders will also
be able to use the mobile ATM facility.
 By
the end of 2003, Bank of India plans to expand its MBB
network to another 450 branches across the country to
include second-tier towns such as Visakhapatnam.
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