Cingular: More Banks On The Mobile Banking Bandwagon

It’s only a matter of time until we’re at the store, trip over our untied shoe, and accidentally purchase a lawnmower with our cell phone. Don’t say, “That’s impossible!”, because after it happens you’ll have to take it back. It’s only a matter of time. From Reuters:

AT&T Inc. said on Tuesday it has taken a step toward the long-promised notion of phones replacing credit cards, checks and cash by signing agreements with Wachovia Corp. (WB.N: Quote, Profile, Research) and several other banks.

The agreements will allow customers of its Cingular Wireless arm, which is being rebranded as AT&T, and participating banks to manage their accounts and pay bills electronically by using an application on their cell phones
.
While the use of mobile phones for transactions is in its nascent stages in the United States, such services are already available in parts of Europe and Asia.

In Japan, people commonly shop with their mobile phones by just waving their handset instead of swiping credit card.

This may be great for you people, but what are we going to do with a lawnmower? —MEGHANN MARCO

UPDATE 2-Cingular launches U.S. mobile banking [Reuters]
(Photo: Mooshies)