US bank to test 3G technology

date: July 22, 2001

The Federal Deposit Insurance Corp. is preparing to test 3G wireless technology that can transfer data at a rate of 384kbps for the banking sector.

By the fourth quarter of this year, the FDIC plans to roll out a pilot program with new wireless applications that can significantly boost the productivity of employees who spend most of their time away from their offices.

David Sequeira, chief of corporate telecom at the FDIC said "My goal, my vision, is to be able to do away with the whole idea of an office, which insures deposits in the US' more than 9,900 banks and savings institutions.

Sequeira said the first application he is considering is to provide this advanced data communications technology to the organization's field service people, so they can perform their jobs without coming back to the office for assignments.

Sequeira did not reveal the cost of the pilot project testing the 3G application, but said funding was coming from within his current budget.

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