Profile image for Copson Grandfield Chartered Accountants

Business News 17 Jan 2013

New scheme to allow money transfers by text message

Individuals will be able to send and receive money via a text message when a new mobile payments service launches next year, it has been announced.

The new service will allow users to make secure payments directly to or from an account without the need to disclose the sort code and account number, with only a mobile phone number used a proxy.

Eight financial institutions, representing 90% of UK current accounts, have already committed to offering the new service from spring 2014.

Read more at http://tinyurl.com/bbdum7l

          
 
      

Join the Discussion

       
max 4000 characters
        
      

Local Jobs

       
   

Search for...

       
        
Min price is bigger than Max price
        
Min price is bigger than Max price
        
Min rent is bigger than Max rent