5th Oct 2007 07:01
Monitise PLC05 October 2007 Embargoed for 7.00am, Friday 5 October 2007 NYCE TO PROVIDE MOBILE BANKING AND PAYMENTS SERVICES POWERED BY MONITISE AMERICAS Monitise plc (MONI.L) welcomes the news that NYCE Payments Network will use theMonitise Americas platform to offer mobile banking and payments services tofinancial institutions in the United States - the first commercially availableservice from a U.S. debit card payments network. The news results from a signedagreement between Monitise Americas and Metavante Corporation that allows NYCEto deliver the Monitise Americas platform directly over its existing networkarchitecture. NYCE Payments Network, LLC, a leading U.S. debit card payments network and adivision of Metavante Corporation, the banking and payments technologysubsidiary of Marshall & Ilsley Corporation (NYSE: MI), connects the accounts ofmore than 74 million cards, with 280,000 ATMs and 1.5 million point of salelocations across the United States. Monitise Americas is a mobile banking andpayments system for North America formed by the joint venture between MetavanteCorporation and Monitise plc, a global leader in the provision of mobile bankingand payments services. By deploying the Monitise Americas platform, NYCE will deliver a mobile bankingand payments service designed to be compatible across multiple mobile carriers,so most consumers would be able to use the service without having to switchcarriers or handsets. Planned services include balance inquiries, fundtransfers, mini-statements, text message alerts, and bill payments. Severalfinancial institutions will launch services in the fourth quarter of this year. "This innovative arrangement is one of the first to offer financial institutionsmobile services that are as simple and as secure as plugging into the network,"said Steve Rathgaber, NYCE president and chief operating officer. "Offering thistype of service through a single relationship with NYCE provides our financialinstitution participants the means to initiate mobile financial services withoutsignificant integration efforts or integration costs." The Monitise Americas services will be integrated into NYCE's network services.Settlement of funds will be performed through the NYCE standard process andexisting NYCE reports will reflect the new transactions. "The ATM switch offers a trusted means of connecting customers with theiraccounts - now through their mobile phone," said Lisa Stanton, executive vicepresident, Monitise Americas. "The consumer's handset is individually registeredwith the service and protected by a unique passcode offering 24/7 protectedaccess to essential financial information. Furthermore, the encryption helpspreserve the integrity of customers' information and transactions." Monitise Americas has engineered its platform specifically for the NorthAmerican mobile banking and payments market, leveraging some of the bestpractices and award-winning technology developed by Monitise for the MONILINKservice in the U.K. MONILINK provides mobile banking and payment services toU.K. customers of HSBC, first direct, Alliance & Leicester, Royal Bank ofScotland, NatWest and Ulster Bank. Contacts: Monitise Group Tel: 020 7868 5200Duncan McIntyre, ChairmanAlastair Lukies, CEOBen Evetts, Head of Communications Financial Dynamics Tel: 020 7831 3113Harriet KeenHaya Chelhot About Monitise Americas Monitise Americas is a joint venture between Monitise plc (MONI.L), a specialistin mobile banking technology, and Metavante Corporation, a leading provider ofbanking and payments technologies to financial institutions and businessesworldwide. Monitise Americas provides mobile banking and payments services toNorth American financial institutions predicated on an "ecosystem" principle,which allows multiple mobile carriers and financial institutions to deliverservices over a single platform. It has a sister ecosystem in the UnitedKingdom, MONILINK, developed by Monitise plc in partnership with VocaLink.Current partners of MONILINK include: HSBC, first direct, Alliance & Leicester,Royal Bank of Scotland, NatWest, Vodafone, Orange, O2, T-Mobile and Hutchison3G. For further information, see www.monitiseamericas.com. About NYCE NYCE Payments Network, LLC, helps its clients grow with innovative new productsand strategic alliances that enable them to capitalize on the efficiency,consumer convenience and security of electronic real-time payments. The NYCENetwork provides consumers with secure, real-time access to their money,connecting the accounts of more than 74 million cards with 280,000 ATMs, and 1.5million point-of-sale locations nationwide. NYCE Balance Transfer (formerlyResponse Data Corporation) drives asset growth for consumer credit issuersthrough automated balance transfer/consolidation payment services. Headquarteredin Secaucus, N.J., NYCE Payments Network, LLC, (www.nyce.net) is a Metavantecompany. On April 3, 2007, Marshall & Ilsley Corporation announced its plans tosplit Metavante Corporation and Marshall & Ilsley Corporation into independentpublicly traded companies. Metavante and NYCE are registered trademarks of Metavante Corporation About Monitise plc Monitise plc (MONI.L) is a specialist in mobile banking and payments technology.It has developed the world's first mobile banking ecosystem, which allowsconsumers to perform banking and payment transactions using a single consistentinterface regardless of their choice of mobile operator or bank. With live services in the UK, where it has delivered the MONILINK network inpartnership with VocaLink, the company is currently working with internationalpartners to deliver similar safe, secure mobile banking services in territoriesworldwide. Current key partners include VocaLink Interchange Network, Metavante,BT Global Services, T-Systems, HSBC, first direct, Alliance & Leicester, RoyalBank of Scotland, NatWest, Vodafone, Orange, O2, T-Mobile and Hutchison 3G. Monitise was recognised as a 'Technology Pioneer' by the World Economic Forum in2006; 'Mobile Innovation of the Year' by The Banker Magazine in 2007 and;awarded the Innovation in Messaging award 2007 by the Mobile MessagingAssociation. www.monitise.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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