10th Sep 2008 09:00
10 September 2008
MONITISE PLC
eCom Selects Metavante Mobile Financial Services, powered by Monitise Americas
Monitise plc (MONI.L) welcomes the news that that Corporate Network eCom, LLC (eCom), a majority-owned subsidiary of U.S Central, will resell Metavante Mobile Financial Services, powered by Monitise Americas, to the 8,400 members of the Corporate Credit Union Network.
eCom provides electronic financial services to the Corporate Credit Union Network, which serves the nearly 8,400 consumer credit unions in the U.S. Initial mobile features, which Metavante will deliver using the secure Monitise application, will include registration from the mobile phone and credit union Web sites, the ability to obtain account balances, bill payment and funds transfers between accounts.
Monitise Americas is the mobile banking & payments joint venture between Metavante Corporation (NYSE:MV) and Monitise plc.
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About the Corporate Credit Union Network
A corporate credit union is a credit union for credit unions - a not-for-profit financial cooperative that serves retail credit unions within its field of membership. Corporate credit unions (or "corporates") emerged over 30 years ago from the same cooperative spirit that gave rise to the American credit union movement. Similar to retail credit unions, the nation's 26 corporates are guided by volunteer boards of directors, are totally owned and directed by their member/owners (retail credit unions), and were organized for the express purpose of providing low-cost financial
services and competitive investment and lending rates to their member/owners.
(www.corporatenetwork.org)
About Corporate Network eCom
Corporate Network eCom, LLC (eCom) is a credit union service organization (CUSO) and a majority-owned subsidiary of U.S. Central. eCom partners with corporate credit unions to provide natural-person credit unions cost-effective, flexible, customizable and easy-to-use electronic solutions to enhance their Internet service offerings and help them develop member relationships. (www.corporatenetworkecom.com)
About U.S. Central
U.S. Central is the nation's only wholesale corporate credit union. Together, U.S. Central and its 26 member corporate credit unions comprise the Corporate Network, which provides liquidity, lending and payment services to the nation's nearly 8,400 natural-person credit unions.
(www.uscentral.coop)
About Monitise Americas
Monitise Americas is a joint venture between Metavante Corporation, and Monitise plc (MONI.L), a specialist in mobile banking technology. Monitise Americas provides mobile banking and payment services to North American financial institutions predicated on an "ecosystem" principle, which allows multiple mobile carriers and financial institutions to deliver services over a single platform. It has a sister ecosystem in the United Kingdom, MONILINK,
developed by Monitise plc in partnership with VocaLink.
About Metavante
Metavante Technologies, Inc. (NYSE:MV) is the parent company of Metavante Corporation. Metavante Corporation delivers banking and payments technologies to over 8,000 services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, electronic presentment and payment, business transformation services, and payment network solutions including the NYCE Network, a leading ATM/PIN debit network.
Metavante (www.metavante.com) is headquartered in Milwaukee.
About Monitise plc
Monitise plc (MONI.L) is a specialist in mobile banking, payments and commerce technology. It has engineered the world's first mobile banking ecosystems, which allow customers of multiple banks and mobile operators to perform banking and payment transactions directly from their mobile handset.
With live services in the UK and the USA, where it has delivered the MONILINK and Monitise networks in partnership with VocaLink and Metavante Corporation respectively, the Company is currently working with international partners to deliver similar safe, secure mobile banking & payment services in territories worldwide.
Current key partners include VocaLink, Metavante, HSBC, first direct, Alliance & Leicester, Royal Bank of Scotland, NatWest, Vodafone, Orange, O2, T-Mobile and Hutchison 3G.
Monitise was recognised as a 'Technology Pioneer' by the World Economic Forum in 2006; 'Mobile Innovation of the Year' by The Banker Magazine in 2007 and awarded the Innovation in Messaging Award 2007 by the Mobile Messaging Association.
www.monitisegroup.com
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