TCS working on cell phone banking technology
Facebook Twitter google+ RSS Feed

TCS working on cell phone banking technology

By agencies   |   Monday, 27 March 2006, 08:00 Hrs
Printer Print Email Email
PUNE: Will mobile phones remain telephone instruments? Or would they take on the hues of entertainment or even allow banking facilities to happen?

According to S Ramadorai, Chief Executive Officer and Managing Director, Tata Consultancy Services, “Mobile phones would become more of a utility device and would shed their image as a normal phone.”

The company is conducting pilot projects in South-East Asia where it is trying to incorporate a chip inside a mobile phone, which would help in banking transactions.

Ramadorai said technology and the incorporation of cards in mobile phones had already been done.

As an initial step, this technology would be used in the banking industry. "The idea is to conduct payments by making a call and not use cheques as instruments,'' he said.

Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Sr. Executive
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
Reena Khanna
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset