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Verizon Wireless, Firethorn, Wachovia offer mobile banking

Date: 1/6/2008 12:24:34 PM

Wachovia Corp. is introducing a service that allows customers to access their bank accounts over Verizon Wireless phones.

Banking services are available on compatible mobile devices through a downloadable application provided by Firethorn Holdings.

The application allows Wachovia customers to securely check balances, monitor account activity, pay bills and transfer funds.

The bank No. 4 among Greater Baltimore banks when ranked by deposits, according to Baltimore Business Journal research launched Wachovia Mobile in December 2006 and already offers phonebased banking through AT&T Inc. Its strategy "has focused on providing our customers with reliable, convenient and secure onthego access to their financial services," said Ilieva Ageenko, director of emerging applications for Wachovias eCommerce division. "With our relationship with Verizon Wireless, we continue to strengthen this commitment."

Wachovia customers can download the Firethorn application on select phones from Verizon Wireless. The mobile banking application is free, but phone charges may apply. The service is available only to customers already enrolled in online banking.

Verizon Wireless is part of New Yorkbased Verizon Communications Inc. (NYSE: VZ).

Charlotte, N.C.based Wachovia (NYSE: WB) is the fourthlargest financial institution in the United States, with $754.2 billion in assets.

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