Mobile app puts HSBC customers in control

April 12, 2012

Mobile app puts HSBC customers in control of their money

HSBC UK has launched its Fast Balance app which gives the bank's retail customers instant access to their account balance and recent transactions direct from their smartphone. Fast Balance is available on iPhone and will soon be launched for Android and Blackberry phones. 

Users can easily and securely access up to 10 accounts via their smartphone, check their balances and review the six most recent transactions on screen. They can also top up airtime for up to five mobile phones.

Fast Balance has been developed by Monitise with HSBC as part of a new three-year deal with the technology and services company to develop and support them.

Mike Keyworth, Chief Operating Officer at Monitise, said: "Monitise is a proven partner to the world's largest financial institutions which know they can trust it to deliver world-class, bank-grade products and services.

"This contract with HSBC is further evidence of this trust and is a ringing endorsement of our ability to build and launch new platforms quickly and efficiently for our partners."

Monitise delivers mobile banking, payments and commerce networks worldwide and this contract with HSBC significantly extends the two businesses' long-standing relationship.

About Monitise

Monitise plc (LSE: MONI.L) is a technology and services company delivering mobile banking, payments and commerce networks worldwide with the proven technology and expertise to enable financial institutions and other service providers to offer a wide range of services to their customers in developed and emerging markets.

With live services in the UK, the US, India and Africa, the company is working with international partners to extend trusted and secure mobile banking, payment and commerce services in territories worldwide, including Europe, Asia Pacific and Latin America. Monitise has strategic partnerships with Visa Inc., Visa Europe, RBS Group and FIS. Other leading partners and clients include HSBC, Lloyds Banking Group, First Direct, U.S. Bank, Standard Chartered Bank, Travelex, Vocalink, Vodafone, Orange, O2, T-Mobile, 3 UK, Research In Motion, The Carphone Warehouse, First Eastern, Astra International, JETCO and PCCW mobile.

More information is available at www.monitisegroup.com

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