SMS stands for short message service. This is basically text messaging. One party types a short message to another party on their cellular phone. It is then sent over via wireless communication towers.

You read the message and send another one back. You can type these on number pads or keyboards on your phone. They are usually less than 160 characters per message.

Credit card companies sometimes send out information to their clients through short message service (SMS). SMS also allows clients to transfer funds or pay bill electronically so that they do not have to actually go to the establishment and pay the bill.

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