Texting Prices On The Rise

Posted  September 15, 2008 By Sarah

Bank Technolgoy News recently published a piece entitled “Rising Text Rates a Threat to M-Banking?” Apparently, text messaging prices have doubled since 2005 to an average of 20 cents per message. This doesn’t bode well for mobile banking or two-factor solutions that rely on one time passwords delivered via sms.

http://www.americanbanker.com/btn_article.html?id=200809128DTHHCC0&email=y

Sarah