The present invention generally relates to a wireless banking system and a
wireless banking method using a mobile phone. The mobile phone includes a
smart card inputting smart card information consisting of bank account
information, log information, and an authentication key. A card applet is
provided which operates the smart card information. The banking service
uses a common full text and individual full texts used for banking
transactions, prepared through the smart card information and an input of
the mobile phone. An encoding/decoding module is provided for encoding
the banking service full text and decoding the response to the banking
service full text by using a session key; and a card manager
communicating the application with the smart card.