9th May 2008 07:00
Monitise PLC09 May 2008 09 May, 2008 Monitise and Metavante Partner With Carphone Warehouse To Make Money Mobile Carphone Warehouse To Introduce The First Totally Mobile Prepay Card Monitise plc (LSE: MONI.L) and Metavante (NYSE:MV) today announced that they areworking with Carphone Warehouse to launch a 'mobile money' scheme. The launchwill see the introduction of a Carphone Warehouse prepay card, managed directlyfrom the mobile phone, that can be used to shop in millions of outletsworldwide. The deal is the result of a partnership with Metavante TechnologiesLtd., a leading provider of prepaid and licensed software in Europe, and Monitiseplc, the company behind the MONILINK mobile banking and payments network. The service will include full mobile management, similar to that used bycustomers of many of the UK's major banks to manage their money on the move.Using a secure application stored on the mobile handset, customers will be ableto 'top-up' their card directly from their bank account while, also keeping aclose eye on their recent transactions. Prepay cards work in the same way as a prepay phone, in that you can only spendup to the value of credit you have at the time. This offers consumers theconvenience of shopping online or by phone while protecting them fromoverspending. This also makes the cards fantastic gifts, since the funds aresecurely held and can be easily 'topped-up' whenever the next special eventcomes round. "Our customers look to us to help them get more from their mobile phone oronline experience," said Andrew Harrison, CEO at the Carphone Warehouse. "We'veachieved this by creating award winning packages with the best possible value onthe high street. The Carphone Warehouse prepay card, backed by mobile moneymanagement, will offer consumers a fantastic new way to manage their moneywhilst also ensuring that they get full value from our great offers." Whatever the reason for getting the card, customers will always feel in fullcontrol as they will be able to check the balance, view recent transactions andeven move money onto and off the card using their mobile phone 24 hours a day,seven days a week. "Prepay cards really represent a revolution in consumer finance. In the UnitedStates we already process over 80 million payment cards for consumers through awhole range of distribution partners," said Frank Martire, president and CEO,Metavante Corporation. "Consumers tend to use them to budget and manage theirday to day spending. They make great gifts for the kids, particularly foronline shopping, as you can control the amount they spend. They are also greatfor holidays as you can use them anywhere in the world, just like a plastictraveller's cheque." Alastair Lukies, CEO of Monitise plc added, "Carphone Warehouse is quite simplythe brand of choice for consumers when it comes to mobile phones, accessoriesand broadband. They brought mobile phones to the mass-market of consumers andthen did the same with broadband, taking it from a niche service to one that istoday found in most households in the UK. The launch of the Carphone Warehouseprepay card will change the way consumers shop and manage their money, whilealso making online and telephone shopping more convenient and secure." Notes to Editors Contacts:Monitise Group Tel: 020 7868 5200Duncan McIntyre, ChairmanAlastair Lukies, CEOBen Evetts, Head of Communications Financial Dynamics Tel: 020 7831 3113Harriet KeenHaya Chelhot Carphone Warehouse Press Office Tel: 0800 925 925 Metavante Tel: +1 414 357 2404Ben Evetts Tel: 020 7868 5200 About The Carphone Warehouse: • The Carphone Warehouse has over 760 stores nationwide • Stockists details: www.carphonewarehouse.com or from The Carphone Warehouse Direct Sales on 0800 925 925 About Metavante Metavante Technologies Ltd. is a leading European debit and prepaid cardpayments processor that became a Metavante company on 10 January 2008. MetavanteTechnologies, Inc. (NYSE:MV) is the parent company of Metavante Corporation.Metavante Corporation delivers banking and payments technologies to over 8,000financial services firms and businesses worldwide. Metavante products andservices drive account processing for deposit, loan and trust systems,image-based and conventional check processing, electronic funds transfer,consumer healthcare payments, electronic presentment and payment, businesstransformation services, and payment network solutions including the NYCENetwork, a leading ATM/PIN debit network. Metavante (www.metavante.com) isheadquartered in Milwaukee, Wisconsin, USA. About Monitise plc Monitise plc (MONI.L) is a specialist in mobile banking, payments and commercetechnology. It has engineered the world's first mobile banking ecosystems, whichallow customers of multiple banks and mobile operators to perform banking andpayment transactions directly from their mobile handset. With live services in the UK and the USA, where it has delivered the MONILINKand Monitise networks in partnership with VocaLink and Metavante Corporationrespectively, the Company is currently working with international partners todeliver similar safe, secure mobile banking & payment services in territoriesworldwide. Current key partners include VocaLink, Metavante, BT Global Services,T-Systems, HSBC, first direct, Alliance & Leicester, Royal Bank 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 awardedthe Innovation in Messaging Award 2007 by the Mobile Messaging Association. www.monitisegroup.com Metavante Technologies Limited is a subsidiary of Metavante Corporation, which is the principal subsidiary of Metavante Technologies, Inc. ### This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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