6th Apr 2009 13:32
6 April 2009
NYCE EXTENDS ATM NETWORK TO MOBILE PHONES
WITH TEXT MESSAGE BALANCE INQUIRIES
NYCE participants will pay no additional fees for mobilization of balance inquiries
Monitise plc (MONI.L) welcomes the news that NYCE today announced that it now offers balance inquiries by text message to its financial institution participants as a standard feature of full participation in the NYCE Network. NYCE Payments Network, LLC, is a leading U.S. electronic payments network and a Metavante (NYSE:MV) company. Metavante Corporation is a leading provider of banking and payments technology.
The basic text message transactions will be an extension of the balance inquiry functionality commonly available at NYCE Network ATMs, with no additional fees for mobilization. The new service, powered by Monitise Americas, will allow consumers to use text messaging to request and receive real-time balance information on their primary accounts. Text message balance inquiries will work for virtually all mobile phone users regardless of their mobile carrier or the type of handset they use.
"Text message balance inquiries further extend the reach of our nationwide ATM network directly into the pockets of the country's mobile phone users," said Steve Rathgaber, NYCE president and chief operating officer. "With mobile financial services quickly becoming mainstream, NYCE believes that consumers will soon expect the ability to access their demand deposit accounts using their mobile phones - in much the same way they expect that access through an ATM today. As a network provider, we deliver better customer satisfaction for our financial institution clients by making sure they can easily adapt to the ways consumers want to access their accounts."
In a recent survey of North American consumers, commissioned by Monitise Americas and conducted by MaCorr Research1, more than three-fourths of the total respondents said it was important for them to have real-time information regarding their accounts. Of those who said they would like to use their mobile phones for financial services, more than 90 percent stated that they are interested in basic informational capabilities such as checking their account balances on the go.
NYCE's mobile services are fully integrated with the network's infrastructure, leveraging existing NYCE services such as settlement and reporting. This approach simplifies the provider relationship and allows institutions of all sizes to offer mobile to their customers without significant investment in new technology infrastructure.
Alastair Lukies, chief executive, Monitise plc commented: "This is another landmark in the evolution of mobile money across North America. By ensuring that mobile banking services come 'as standard', NYCE, using the Monitise Americas platform, will enable tens of millions of Americans to be able to manage their money anytime they choose using their mobile phone."
Enquiries
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Contacts: |
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Monitise Group |
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Ben Evetts, Head of Communications |
Tel: 020 7868 5200 |
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Tom Spurgeon, Chief Financial Officer |
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Financial Dynamics |
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Juliet Clarke |
Tel: 020 7831 3113 |
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Haya Chelhot |
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Erwan Gouraud |
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About NYCE
NYCE Payments Network, LLC, a Metavante company, helps its clients grow with innovative new products and strategic alliances that enable them to capitalize on the efficiency, consumer convenience and security of electronic real-time payments. The NYCE Network provides consumers with secure, real-time access to their money, offering hundreds of thousands of ATM locations and millions of point-of-sale locations nationwide. The NYCE Direct Bill Payment service offers cardholders a convenient way to pay bills online in real-time via their bank accounts. NYCE Balance Transfer services drive asset growth for consumer credit issuers
through automated balance transfer/consolidation payment services. Headquartered in Secaucus, N.J., NYCE Payments Network, LLC, (www.nyce.net) is a wholly owned subsidiary of Metavante (NYSE:MV).
Monitise Americas is a joint venture between Metavante Corporation, a leading provider of banking and payments technologies to financial institutions and businesses worldwide and Monitise plc (MONI.L), a specialist in mobile banking technology.
About Monitise Americas
Monitise Americas is a joint venture between Metavante Corporation, a leading provider of banking and payments technologies to financial institutions and businesses worldwide 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. Current partners of MONILINK include: first direct, Alliance & Leicester, Royal Bank of Scotland, NatWest, Vodafone, Orange, O2, T-Mobile and Hutchison 3G.
For more information on Monitise Americas and details of how to benefit from participating in its cross-America ecosystem, please visit www.monitise.com and www.monitiseamericas.com.
About Monitise plc
Monitise plc (MONI.L), the mobile money people, has created the world's first mobile banking networks, 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, Lloyds TSB, first direct, Alliance & Leicester, Royal Bank of Scotland, NatWest, Vodafone, Orange, O2, T-Mobile and Hutchison 3G.
www.monitisegroup.com
1"North American Consumer Research," by MaCorr Research. Published by Monitise Americas, January 2009.
Metavante and NYCE are registered trademarks of Metavante Corporation, which is the principal subsidiary of Metavante Technologies, Inc.
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