A couple of years ago, wireless banking was hot. Companies went public on the basis of being able to provide wireless banking services and software to banks.
Guess what — nobody wanted it.
The service, which debuted last year and lets customers make transactions from cell phones and PDAs (personal digital assistants), had just 2,500 active customers, company spokeswoman Wendy Grover said. “When wireless first became available, people may have been overly optimistic about adoption rates,” Grover said.
Such lemmings we humans can be!