Home Banking in Brazil

Independent Software Vendors (ISV) in conjunction with Banco Rural, has developed PalmBanking software for the HP 95LX to facilitate home banking in Brazil.

With Brazil's high rate of inflation, depositors need to move their money around quickly to capitalize on rapidly changing interest rates. Banco Rural is making the system available to their customers, allowing them to do their banking from remote locations.

This remote banking system uses the Portuguese version of the HP 95LX, the PalmBanking software, and a New Media PCMCIA slot modem. It is already in use by 2,000 Banco Rural executives responsible for industrial accounts. The approximate cost of the complete system is US $1,200.