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Cellphones to replace ATM cards

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Cellphones may soon replace plastic cards for withdrawing and depositing money. Some banks have already started testing the technology and may implement it later this year. ICICI Bank has already started experimenting with card less transactions though it is not known which company’s technology platform they use. The bank has recently launched card less remittance service. Apart from that, a Bengaluru based mobile payment solution provider mChek is working with banks in India and abroad to roll-out its card-less technology platform. An employee of the firm, focused on mobile bill payment , recharge, flight bookings, and movie ticketing, says mobile phones can be the second level of authentication, beyond passwords, for establishing identities. Airtel has this technology already in use. Using two levels, rather than just one, implies a greater level of assurance. Currently, when an ATM card is inserted into a machine and a pin entered, the combination of the two, which is registered wit

Now read newspaper pages on cellphones

INDIA: In a first of its kind service, cellphone users will be able to read their morning newspaper on their mobile phones. The services called M paper would be launched nationwide in December. Every morning the reader would receive the paper of his or her choice in the form of an MMS. Unlike the news alert in the M paper the reader would be able to get the whole news report, with pictures on mobile phone. The electronic paper will have different sections and the reader will be able to scan it without any time delay. Cellnext Solutions that has introduced M Paper has carried out its soft launch with Idea Cellular. Currently the paper is sent to some one thousand customers of Idea to get customer’s feedback. “The feedback is very encouraging,” says Mr Ajay Vaish navi, COO, Cellnext Solutions. Cellnext is talking with major dailies to launch their newspapers on cellphones. A subscriber of the M paper will have to pay only Rs 50 per month for the service. M paper will contain 25 new ite