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Text messaging can be utilized to conduct banking transactions online.
Brief Message Service (SMS)
In some circles, mobile banking and SMS banking are synonymous. That’s as a result of SMS banking uses text messaging — the iconic activity of cellphone use. SMS works in either a push mode or a pull mode. In pull mode, the bank sends a one-manner textual content message to alert a cellular subscriber of a certain account state of affairs or to advertise a new bank service. In push mode, the cellular subscriber sends a text message with a predefined request code to specific quantity. The financial institution then responds with a reply SMS containing the precise info.<br>
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