Bank of America Goes Wireless

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NEWS FLASH 2000 - 31 (Sept. 2000)
(Updated on Sept. 6th, 2000)

PRODUCTS, SERVICES & APPLICATIONS

Bank of America Goes Wireless

In its efforts to make banking on-the-go a reality for its customers and clients, Bank of America, in partnership with 724 Solutions Inc., has launched its first wireless banking and brokerage service for its Private Bank Clients in selected U.S. cities. The Bank plans to roll out its wireless service to customers and clients in other U.S. markets over the next 12 to 18 months.

Powered by 724 Solutions Financial Services Platform (FSP), the Bank of America wireless service will enable clients to conduct a variety of secure up-to-the-minute banking transactions and access financial markets and investment information on a variety of mobile devices; clients can use the Palm Vx handheld with OmniSky modem, Motorola StarTac, Motorola Timeport, Mitsubishi +250, and NeoPoint 1000 phones. Services will be delivered via several wireless carries such as AT&T Wireless Services, Sprint PCS, and Verizon Wireless.

Wireless Banking Services

Banking: View account balances and transaction histories for checking, savings, and credit card accounts, and transfer funds between deposit accounts

Brokerage: View balances and positions for Banc of America Investment Services, Inc., discount brokerage accounts, and Money Manager accounts

Lifestyle: Check stock quotes and news headlines, and create and maintain stock watch lists

The Bank plans on adding additional wireless services, including brokerage trading through Bank of America Investment Services, Inc. and electronic bill payment.

For more information: www.bankofamerica.com/newsroom/press/press.cfm?PressID=press.20000829.05.htm

Mobileinfo Comments and Advisory: Bank of America is catching up with delivery of wireless. However, as a result of their size and presence, they will spread the acceptance of financial transactions among their customer base.

Note: This news release may contain forward-looking statements. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures.

All trademarks used in this summary are the property of their respective owners.

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