UBS launches share operations via the WAP phone
Switzerland's largest bank, UBS, is offering a share trading facility on the WAP mobile telephone - the first Swiss bank to do so.
A limited number of customers, subscribers to the UBS on-line service, will be able to buy and sell shares via the WAP (Wireless Application Protocol) as well as check their accounts, under a pilot project starting on Tuesday.
Only one type of mobile phone can be used for the time being to ensure data protection. However, the bank said the service would be extended in the Autumn to include all clients of UBS e-banking.
The second largest Swiss bank, Credit Suisse, is considering a similar venture, but is said to be awaiting the next generation of mobile telephones for security reasons.
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