The types of mobile banking are divided into:
1. SMS mobile banking: also known as SMS mobile banking, refers to the special service number of the customer through the mobile phone to edit and send a specific format of SMS to the bank, and the bank will provide the customer with the best business form according to the customer's instructions, and the result of the operation is also to inform the customer in the form of SMS. Advantages: The hardware requirements are relatively low, there is no limit to the mobile phone model, no specific mobile phone card is required, you can send and receive text messages, and the market expansion is relatively easy. When the service is activated, bind the specified mobile phone number to the bank account and set a payment password. Disadvantages: Poor security (transmission is in the form of clear code), many key information such as account numbers and passwords cannot appear in SMS, and business is subject to many restrictions. For example, the cumulative amount of mobile banking transfer shall not exceed 1,000 yuan per day.
2. STK Mobile Banking An important premise for STK (SIM Tool Kit, STK) mobile banking is that users must replace the original SIM card of the mobile phone with STK card, and there is a cost of replacing the card. Advantages: Compared with SIM cards, STK cards have a high storage capacity, can run application software, and have a wide range of technical applications, including mobile banking, financial management, inquiry and trading, foreign exchange trading, etc. Disadvantages: STK mobile banking application procedures are complicated, you need to apply to the telecommunications department and go through the relevant procedures at the bank, you need to pay a fee for each use, and each STK card can only use the mobile banking service of one bank, and it is difficult to be compatible with STK cards issued by different banks. And there is a conversion cost for replacing the card.
3. K-J**A Mobile Banking K-J**A Mobile Banking is through mobile Internet access, users log in to the mobile online service interface, and carry out relevant business operations by themselves according to the menu prompts. Advantages: Compared with SMS banking, K-J**A mobile banking has a friendly interface, convenient input and output, and fast network transmission. Cons: In contrast to WAP mobile banking, the client must be installed.
4 points) 4WAP Mobile Banking: WAP Mobile Banking (WAP) refers to a way to provide customers with online banking products and services through mobile**, based on the WAP protocol, and using mobile communication networks.