What is mobile banking? What is the role of opening mobile banking?

1. Mobile banking is the abbreviation of using mobile communication networks and terminals to handle related banking business.

2. As a brand-new service combining electronic money and mobile communication, mobile banking not only enables people to handle various financial services at any time and any place.

3. Mobile banking enriches the connotation of banking services and enables banks to provide customers with traditional and innovative services in a convenient, efficient and safe way.

(2) Open the function of mobile banking:

Mobile banking is rich in functions and practical, and easy to operate. It can provide customers with financial services such as information inquiry, transfer and remittance, payment, credit card, roaming remittance, agricultural loan, mutual transfer of fixed accounts, third-party depository, message customization, investment and wealth management, account management and personality setting. , and can meet the daily financial needs of customers.

As a brand-new service combining electronic money and mobile communication, mobile banking not only enables people to handle all kinds of financial services at any time and any place, but also greatly enriches the connotation of banking services, enabling banks to provide traditional and innovative services to customers in a convenient, efficient and safe way.

The unique personal characteristics of mobile terminal make it a powerful tool for banks to carry out business after ATM, Internet and POS, and attract more and more attention from international bankers. After warm-up, the mobile banking business in China has gradually entered the growth stage. How to break through the existing business development bottleneck and improve customer awareness and utilization rate has become the focus of attention of all parties in the mobile banking industry chain.

Mobile banking consists of mobile phone, GSM short message center and banking system. During the operation of mobile banking, after the user sends an instruction to the bank through the menu on the SIM card, the SIM card generates a short message with a specified format according to the user's instruction and encrypts it, and then instructs the mobile phone to send a short message to the GSM network. After receiving the short message, the GSM short message system sends it to the corresponding banking system according to the corresponding application or address. The bank preprocesses the short message, and then converts the instruction into the host system format. The bank host processes the user's request and returns the result to the bank interface system, and the bank interface system converts the processing result into the short message format.

Mobile banking is not telephone banking. Telephone banking is a banking service based on voice, and mobile banking is a banking service based on SMS. All the business conducted by telephone banking can be realized through mobile banking, and mobile banking can also complete the second transaction that telephone banking can't realize. For example, banks can pay telephone, water, electricity and other fees on behalf of users, but generally they can only transfer money after the user confirms it. Because mobile banking uses SMS, users can receive the information sent by the bank at any time when they turn on their mobile phones, so they can confirm the transfer anytime and anywhere.

Compared with WAP online banking, mobile banking has outstanding advantages. First of all, mobile banking has a huge potential user base; Secondly, mobile banking can only be operated after the SIM card and account double passwords are confirmed at the same time, so it is safe. WAP is an open network, and it is difficult to guarantee that it will not be attacked in the process of information transmission. In addition, mobile banking has good real-time performance, and the turn-back time is almost negligible, while WAP needs always online for the same service, which will also depend on many uncertain factors such as network congestion and signal strength.