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CeBIT 2000: Postbank lets you buy shares on your mobile

Germany's Postbank shows off the first-ever mobile broking system at CeBIT

At CeBIT in Hannover, Germany this week, Postbank introduced what it claims is the "world's first" system for mobile phone Internet-broking using WAP.

"Easytrade", which Germany's Postbank developed together with software-partner Netlife, will soon enable customers to consult account balances, stock market trends, or even oversee various financial operations all through their mobile phone. Easytrade customers can even set alerts for individual shares so that the phone sends out an over- or underwriting of the desired price marks.

The bank is currently testing the system with orders from its own employees. Postbank plans to offer the service to customers at the same time as the Deutschen Post goes public, later in the year.

In the run-up to the IPO, Postbank also plans to build up its e-commerce offering. Alongside a stationary "portal" site, it intends to enhance the coming system with secure Internet transactions as well as complete service offerings, such as transport and logistics.

Translation by Sophie Handrick.

See also: ZDNet Germany.

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