CAMP PENDLETON, Calif.-Mobile banking transactions cost less than transactions at every other channel, according to mobile vendors and analysts, but credit unions that offer mobile banking can't confirm that claim.

Mobile transactions ring in at just eight cents per transaction, according to an October report by TowerGroup, Fiserv, M-Com and VeriSign. Meanwhile, the deposed king of cheap transactions, Internet banking, is double the cost at 17 cents per transaction, said the report, "Mobile Banking Among Offline Consumers."

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