12th Apr 2006 07:01
Stream Group PLC12 April 2006 12 April 2006 STREAM GROUP PLC ('Stream' or the 'Group') Stream welcomes HSBC announcement on mobileATM launch Stream Group plc, the mobile applications and content enabler, welcomes theannouncement from HSBC Bank plc that HSBC and First Direct will be the firstbanks to offer customers the next generation of mobile phone banking later thisyear, when their services go live on the MONILINK network. MONILINK is a new UKmobile banking platform from mobileATM, the joint venture between the UK's cashmachine network, LINK and Morse plc. MONILINK will make use of Stream's MChexplatform. Stream's acquisition of MChex in 2005 established Stream as an integral part ofthe MONILINK service, with the MChex platform performing consumer billingservices on behalf of MONILINK and with Stream earning a revenue share on mobilebanking transactions. Commenting on the announcement, Gordon Robson, Chief Executive of Stream Groupplc, said: "We are delighted that HSBC has formally announced its intent to use theMONILINK network. Cash machines are used in this country for millions of balanceenquiries each month. The logical transfer of many of these banking services tomobile handsets marks an incredibly important moment for the mobile industry.Stream's involvement reflects our long-term strategic view that services forwhich consumers would normally use their PC will migrate to mobile devices." Enquiries: Stream Group plc Tel: 020 7299 2880 Michael Spencer, Managing DirectorPat Greene, Finance Director Flagship Group Toby Mitchenall Tel: 020 7886 8459 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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