Harris Bancorp is poised to become the first traditional U.S. bank to offer wireless banking on a broad scale.
The Chicago banking company is gearing up to make banking through mobile phones available to all its customers as soon as next week. That would give it a head start over its bigger rivals Citigroup and Bank of America, which are expected to roll out wireless phone services in the United States by the end of summer. Harris' move is seen as an important step toward establishing the credibility of wireless banking technology. Many bankers regard it as skeptically as they do smart cards, which are still struggling decades after their introduction.