Oki Electric and NTT Communications announced that they have developed a new automated teller machine (ATM) that can exchange data with infrared port-equipped mobile devices including cellphones. The new ATM enables account holders to withdraw cash and check the balance using a mobile phone [.jpg image] just as if they do with a cash card.

The system was deployed at Ogaki Kyoritsu Bank in Gifu prefecture on April 21. Press Release [in Japanese] Here.

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Some sage advise when entering new turf; Stop, Look and Listen.. it’s also good to secure a local guide. Japan is the cradle of mobile civilization – we been been dedicated to this space since 2001 – trust our archives here offer some useful material.

Domestic activities continue to set the pace, and sharp players are looking at global markets. We have hard-earned industry expertise and trusted network of contacts with access to advanced intell. and potential deal flow. Need a lift.. Ok, buckle-up!