Windows Phone Thoughts: T-Mobile Germany Releases Mobile Finance Solution - StarMoney Mobile 2.0

"With StarMoney Mobile 2.0, T-Mobile Deutschland promises to turn the PDA or smartphone into a mobile finance center. The software allows users to check the current balance of bank accounts, inquiry current entries and make transfers between accounts. <...> The program offers a detailed overview of the status of all accounts including transaction details. Transactions can be prepared in offline mode by entering the information into a digital transfer form, and a data connection is established when the data is ready to be exchange with the banks' servers. An encryption system is used for the data transfer, and all data saved on the mobile phone is protected from unauthorized access."



Now this is something that I've been wishing I could do with my Pocket PC and/or mobile phone here in the US. T-Mobile Germany has released a solution that allows their smartphone / PPCPE users log into one of about a half-dozen participating banks to perform bank transactions. Security would obviously be of concern, but they've apparently addressed that to some extent with an encryption system and some means of access protection on the device. The T-Mobile page with all this information is located here, though it is all in German. What do you guys think? Would you welcome a similar solution here in the US? I'd imagine security would still be a major concern, even with the encryption and access protection there.