In today world Mobile Banking is a popular term. Mobile Banking means a financial transaction conducted by logging on to a bank's website using a cell phone, such as viewing account balances, making transfers between accounts, or paying bills. It is a term used for performing balance checks, account transactions, payments etc. via a mobile device such as a mobile phone. In recent time Mobile banking is most often performed via SMS or the Mobile Internet but can also use special programs called clients downloaded to the mobile device
Key challenges in developing a sophisticated mobile banking application are:
1. Handset operability
2. Security Issue
3. Scalability and Reliability
4. Application distribution
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Content Source: http://www.carloshankrhon-banking.com/
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