Ericsson, Postbank and Libertel in mobile stock trading via WAP

One of the leading banks in the Netherlands, Postbank has signed a contract with Ericsson Business Consulting and Libertel to start mobile banking. Mobile Stock Trading will be the first application available. Over time, clients of the bank will be able to make mobile payments. "We feel proud that Ericsson Business Consulting has been selected as a partner to the Postbank to bring these innovative Mobile Internet banking solutions to the Dutch market," says Haijo Pietersma, Executive Vice President and head of the business segment Enterprise Solutions at Ericsson. "We strongly believe that Mobile Internet will create new ways for companies to develop new businesses and interact with their customers. Mobile Internet will bundle communication and information to and from the mobile phone user and drive the development of a whole new range of personalized services." Postbank will select their most active stock traders to take part in a pilot that will run for 6 months, starting in April. With the Ericsson R320 WAP mobile phone they will have access to real-time stock information and be able to place their orders live on the Amsterdam Stock Exchange, whenever they want, wherever they are. This way they can manage their stock portfolio anytime, anywhere through the Ericsson mobile WAP phone. In this project, Ericsson Business Consulting is responsible for the design and implementation of the WAP application. Postbank selected Ericsson because of the solutions the company offers today and its complete product and service range. Dutch mobile operator Libertel (part of Vodafone/AirTouch) has been chosen as the launching operator. This WAP stock trading pilot is the beginning of a cutting-edge development which, in the long term, will provide Postbank customers with mobile access to all financial services the bank offers. "Postbank has always been a leader in remote banking. Our aim is to offer no-nonsense financial services in a multi-channel environment," says Kees van Rossum, Executive Vice President of Postbank. "Keeping the success of former innovations in remote banking in mind, we are determined to keep pace with new technologies, such as Internet and mobile telephony. We believe that the WAP-technology enables us to develop even more convenient banking services. Postbank will always be within reach for everyone."

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