mpdworld

Mobile banking gets an upgrade, buy, sell and send money to your friends and family world wide on all mobile carriers. M-Commerce (Mobile-Commerce) positions itself as a new platform for people on the go. "Take your Money Mobile" Using prepaid credit and cash advance, not only payments but transfers are sent instantly making conventional payment methods obsolete. Transaction fees could be a thing of the past for the consumer in Canada considering Government Relations Department - Credit Union Central of Canada June 25, 2007 Vol. 5 - No. 4. During the last hearing on the issue on May 8, NDP MP Judy Wasylycia-Leis put forward a motion, "That the Standing Committee on Finance formally request Canada's chartered banks to provide it with specific information clearly outlining the costs incurred and fees charged on a per transaction basis for automated banking machine transfers." That motion was defeated by the Committee House of Commons Rises for Summer. One would assume that no transaction fee would be acceptable to all Canadians and having that option available, competition could possibly drive down costs as we know it today. M-commerce offers access to the Internet an average of 70% more hours per day than conventional E-commerce giving no restrictions on customers when they can and can't make purchases. Mobile and Internet enabled platforms allow buying and selling no matter whether you are in front of a computer or not. The next logical step for a consumer is to shop and pay for goods and services using his or her cell phone.