According to IBM, 21 percent of consumers age 18-34 use their cell phone for mobile banking transactions, compared to about 10 percent of the general population.

Like so many new technologies, it is your kids -- or for some of us our kids' kids who jump at the latest technologies first.

A new iPhone, iPod, social networking, twittering, etc are all things the younger generation embrace while often times their parents scratch their heads at it all.

So why should banking be different? Well -- it seems it isn't and since kids seem to be more connected to their mobile phones than they are to anything else, it only makes sense to use these gadgets to send and receive payments and do all the things some of use use to have to visit a teller to do.

I still remember a time when ATMs were new and I had to go to someone called a teller if I wanted to deposit or withdraw money. Fast forward a few decades and now kids may not even need ATM machines in the very near future.

The challenge of course will be ensuring these mobile devices are secure. Certainly secure SMS services like those supplied by CellTrust can help