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People already use their cellphones to surf the Web, take photos and text message – besides making calls. Now, a growing number of banks are also letting them pay bills and transfer money through their cellphones. In December, Wachovia, the nation’s fourth-largest bank, began allowing more than 4 million online-banking customers to view account information and transfer funds via cellphone. The two largest banks, Bank of America and Citigroup, will soon unveil similar services – with the further ability to pay bills by cellphone. These rollouts mark the industry’s first widespread launch of cellphone banking.

