Technology companies like Sybase (SY) and VeriSign (VRSN) are looking to tap robust growth in the nascent US mobile banking market as text message use rises and banks aggressively explore ways to save. Mobile banking services typically allow users to make payments, check balances, transfer money between accounts and generate statements of recent transactions on their handsets. In the deepening recession, mobile banking is seen as a cost saver for banks, as customers who use mobile banking make fewer calls to customer service.”The big banks are all moving aggressively,” said Steve Kietz, chief executive of Mobile Money Ventures, a joint venture between Citigroup Inc (C) and top South Korean mobile carrier SK Telecom (017670.KS). Text messaging, initially slow to catch on in the United States, has been getting more popular with Americans, especially younger ones.
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