A story was recently posted on Slashdot about a credit union in the U.S. that allows one to interact with their financial accounts via Twitter, including checking account balances and transfer funds.
What are they thinking? It is possible that this is secure using SSL and direct messages, but how many people out there know how to use SSL? What happens when someone mistypes what they want to do in Twitter and they set their current tweet to something that contains financial information? Would you want the whole world knowing that you have X amount of dollars to transfer?
I do not see the reasoning behind this at all. Where is the convenience?
So how is this mobile? If your phone can send and receive text messages and you’re on Twitter, you’re in! tweetMyMoney uses Twitter’s Direct Message feature to return the account information you request.
Don’t they have telephone or online banking? Why add the extra layer?
I just don’t get it. What’s next, a Facebook online banking app?
Wow.