Global Vision Forms Alliance with Via Cell on Wireless Banking

Wednesday 17 December 2003 18:17 CET | News

Global Vision Holdings has taken the next progressive step of fusing a bank payment system and wireless access with the completion of an agreement with Virtual Integrated Applications (Via Cell) of Boca Raton, Florida.

Global Vision will serve as a Value Added Re-marketer to globally market Via Cells FMS (Financial Management System.) Via Cell has recently created several secure wireless technologies and applications that enable consumers to create, access, and push information and multimedia content to their own wireless devices, such as their cell phones. The FMS, in particular, is a patent-pending application for the banking industry that runs on the cell phone allowing users of wireless devices to securely manage their bank and debit/credit card accounts. Examples of card transactions that can be managed include cash loading onto card accounts, transferring funds between card accounts and balance inquiries among others. The development of Via Cells FMS was completed in the third quarter of 2003. The targeted live deployment is slated for January of 2004 with a major domestic bank, an international bank and a large merchant. Cellular subscribers of AT&T, Sprint, T-Mobile, Nextel and Cingular-GSM will be able to sign-up and use their cell phones to transfer money between bank accounts and card accounts via the ACH and also between their various card accounts. Rising costs associated with transferring money via conventional methods such as the Western Union and others positions the FMS as a viable low-cost money transfer alternative. FMS can also reach many more places worldwide to help consumers manage their money, including wirelessly loading cash onto their prepaid debit cards.

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Categories: Banking & Fintech | Online & Mobile Banking
Countries: World
This article is part of category

Banking & Fintech