SMS banking is a facility used by banks or financial institutions to send messages or notifications to customer's mobile phones. It helps the customer to keep a record of their bank account. SMS banking also enables customer to perform financial transactions using SMS. Now, an issue with the SMS banking is that a customer doesn't check each and every SMS sent by the bank thinking it as some mobile... View more

SMS banking is a facility used by banks or financial institutions to send messages or notifications to customer's mobile phones. It helps the customer to keep a record of their bank account. SMS banking also enables customer to perform financial transactions using SMS. Now, an issue with the SMS banking is that a customer doesn't check each and every SMS sent by the bank thinking it as some mobile marketing message or maybe a spam message. Therefore, if a fraud transaction occurs and the customer doesn't pay heed to the SMS sent by the bank of that particular fraud transaction then, ultimately the customer is at loss. What do you think is the possible solution for this problem in the future? View less