Consider a simple banking application where two users have access to the funds in a particular account.

The Fortezza card has been used in government, military, and banking applications to protect sensitive data.

An example of a transaction might be in a banking application.

This would leave the banking application in an inconsistent state.

The security risks associated with mobile banking applications fall into the following three general categories:

Consider a hypothetical banking application that handles transactions one after another.

"I have to go to my banking application."

Would you want a banking application to do this on your account?

An example of my concern would be using a banking application to access a bank or credit card institution.

In the past, the exemption had been only for a relatively limited type of banking applications, even if conducted by nonbank financial companies.