Wireless Wallets
U.S. Bank automated teller machines recently took on a new function: they became "wireless wallets." Customers of most of the nation's major wireless phone services can walk up to any of the bank's 4,000 machines in 24 states and top-up (put more money on) their cell phone accounts.
To offer the service, the bank joined forces with Boston Communications Group, Inc. To use the wallet, wireless phone customers, who do not have to be bank customers, simply walk up to a U.S. ATM, stick in their debit cards, input their telephone numbers and an amount they want to add to their prepaid wireless account, and the transaction is conducted. Depending on carrier, phone service is either available immediately or the customer receives a prepaid personal identification number to redeem minutes later. Rates charged are the same as those that customers get from retailers or directly from wireless service providers.
Copyright © 2005 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 14, No. 11, 1/05
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