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Mobile Banking: A User's Guide

Among the many aspects of modern life that have been dramatically changed by the mobile phone revolution are banking and commerce. Already you can check balances, transfer money, and even deposit checks using your smart phone; various mobile apps let you organize your finances, buy a latte at Starbucks, and even pay your buddy back the $25 you owe him.


And soon, you may well be able to pay for most of your purchases with a simple tap of your smartphone. Of course, there are safety issues to be resolved and payment systems and relationships among banks, vendors, and technology providers all have to be worked out. But the era when your phone increasingly functions as both your wallet — and even, in a sense, your ATM — seems to be well on its way.

Here's a guide to what you can expect, and how to use these new services safely and securely:

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