4th Sep 2013 09:00
4 September 2013
Monitise and CSCU Partner to Provide Mobile Money Solutions to Credit Unions
Monitise's premier Bank Anywhere solution now available to over 2,600 CSCU member credit unions
San Rafael, CA, September 4, 2013 - Monitise plc (LSE: MONI), a global leader in Mobile Money solutions, today announced a partnership with Card Services for Credit Unions (CSCU) that will enable CSCU to offer Monitise's premier mobile banking solution as part of its suite of products for more than 2,600 member credit unions.
With this new strategic partnership, CSCU further expands its mobile banking solutions portfolio to include Monitise's Bank Anywhere solution, adding more value to its member cardholder experience. Bank Anywhere offers innovative mobile banking capabilities, which will enable CSCU member credit unions to provide a highly-differentiated mobile experience and drive ongoing member interactions.
"CSCU is committed to providing our credit unions with the leading tools and services that their members need, and that includes offering world-class, 'next generation' mobile banking solutions," said Robert Hackney, president of CSCU. "The Monitise solution will empower our credit unions to benefit from high levels of engagement in order to maintain member loyalty, acquire new members, grow revenue and combat the growing threat of disintermediation.
"Financial institutions are progressively being judged on their technological innovation, and those that fail to differentiate their mobile solutions risk losing market share and revenue opportunities," said Lisa Stanton, President of Americas at Monitise. "We are thrilled to be collaborating with CSCU on delivering the most advanced array of mobile banking capabilities to its extensive network of member credit unions."
More than 350 financial institutions and over 23 million consumers worldwide currently leverage the Monitise solution and its suite of Bank Anywhere, Pay Anyone and Buy Anything products.
About CSCU
CSCU is the credit union industry's advocate, partner and leader in total payment solutions. Created by and for credit unions, we are driven by the same principles that guide the industry. We work exclusively with credit unions to provide a customized, holistic offering that maximizes value for both credit unions and their members. CSCU's services and offerings are focused on driving the growth and success of our more than 2,600 member credit unions. More information is available at www.cscu.net.
About Monitise
Monitise (LSE: MONI) is a world leader in Mobile Money - banking, paying and buying with a mobile device. Leading banks, payments companies, retailers and mobile networks utilize Monitise's technology platforms and services to securely connect people with their money. Already over 23 million consumers benefit from our patented technology to 'bank anywhere', 'pay anyone' and 'buy anything', accounting for over $40 billion of payments, purchases and transfers annually. More information is available at www.monitise.com.
For further information
Monitise plc Tel: +44(0)203 657 0900
Alastair Lukies, Chief Executive Officer
Lee Cameron, Chief Commercial Officer
Brad Petzer, Chief Financial Officer
Mike Keyworth, Chief Information Officer
Investor Relations
Haya Herbert-Burns, Andrew Griffin Tel: +44(0)203 657 0366
Media Relations
Gavin Haycock Tel: +44(0)203 657 0362
Canaccord Genuity
Simon Bridges Tel: +44(0)20 7523 8000
Cameron Duncan
FTI Consulting Tel: +44(0)20 7831 3113
Charles Palmer
Jon Snowball
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