3rd Jun 2008 13:29
3 June 2008
EVERLINK AND MONITISE AMERICAS PARTNER TO PROVIDE
MOBILE BANKING AND PAYMENTS IN CANADA
Monitise plc (LSE:MONI.L) welcomes the news that Everlink Payment Services, a leading provider of electronic transactions and payments services to the Canadian Financial Services marketplace, today announced that it has partnered with Monitise Americas, LLC, a leading mobile banking and payments service provider. Everlink will offer the Monitise Americas mobile banking platform to financial institutions throughout Canada, including 375 credit unions, several domestic and foreign subsidiary banks and Independent Service Organizations (ISO's).
By working with Monitise Americas, Everlink plans to deliver the first commercially available mobile banking and payments service in Canada. Consumers would have access to the Monitise Americas platform through Everlink's existing network architecture that provides switching services to Canadian banks and over 90 percent of the national credit union system. Similar to its planned affiliation with Everlink, Monitise Americas has already successfully deployed its solution in the United States through the NYCE Payments Network, LLC, a leading U.S. ATM and PIN-debit network.
"We believe that we are in a unique position to pioneer a mobile banking technology solution in Canada and bring Canadians the added convenience of banking on-the-go," said Mark Ripplinger, president of Everlink. "With the strong roots Monitise has in both the U.S. and U.K, we anticipate a streamlined integration process and quick rollout to customers."
By deploying the Monitise Americas platform, financial institutions throughout Canada would be able to deliver a mobile banking and payments service designed to be compatible across multiple wireless carriers. End users would be able to check their account balances, view recent transactions, transfer funds and receive text message alerts. Future planned services include bill payment and person-to-person payments.
"We're building towards our goal of expansion throughout North America," said Lisa Stanton, CEO of Monitise Americas. "We're looking forward to partnering with Everlink and introducing our solution to a new marketplace."
Monitise Americas has experienced rapid growth since it launched in the fall of 2007. Over 30 financial institutions and prepaid card issuers in the U.S. have already chosen to work with Monitise Americas - all at various stages of deployment.
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Contacts: |
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Monitise Group |
Tel: 020 7868 5106 |
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Duncan McIntyre, Chairman |
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Alastair Lukies, CEO |
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Emma Cullingham, Communications Manager |
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Financial Dynamics |
Tel: 020 7831 3113 |
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Harriet Keen |
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Haya Chelhot |
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Erwan Gouraud |
About Everlink
Everlink Payment Services, Inc. was formed in 2003 in partnership with its shareholders Metavante Corporation and Celero Solutions and is a leader in the dependable, secure delivery of electronic transaction switching services in the Canadian Financial Services marketplace. Everlink became a Direct Connector on the INTERAC® Inter-Member Network (IMN) in 2004 and acquired the CGI/CDSL switching assets in December 2005. The company operates a value-added CyberGateway technology platform and processes in excess of 500 million issuer and acquirer transactions annually. Operating three direct connect nodes to INTERAC, as well as being the central switch provider for the Canadian Exchange® Network, the ACCULINK™ Network, the Acxsys Cross Border Debit Services, and through numerous connections to both debit and credit payment networks, Everlink connects partner organizations to hundreds of thousands of ATM and point-of-sale devices worldwide.
Everlink is a national electronic services supplier providing premier switching solutions and services to over 90 percent of the Canadian credit union system as well as to several banks and Independent Service Organizations (ISO's). Everlink specializes in leading-edge gateway transaction switching, ATM/POS driving, device monitoring and card processing services. Everlink connects partner organization cardholders regionally, nationally, globally, one secure transaction at a time with cost-effective comprehensive solutions and services. To learn more about Everlink Services, visit www.everlink.ca.
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: HSBC, first direct, Alliance & Leicester, Royal Bank of Scotland, NatWest, Vodafone, Orange, O2, T-Mobile and Hutchison 3G. Metavante Corporation is the principal subsidiary of Metavante Technologies, Inc. (NYSE:MV).
For more information on Monitise Americas and details of how to benefit from participating in its cross-America ecosystem please visit www.monitiseamericas.com
About Monitise plc
Monitise plc (MONI.L) is a specialist in mobile banking, payments and commerce technology. It has engineered the world's first mobile banking ecosystems, 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, 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 in 2006; 'Mobile Innovation of the Year' by The Banker Magazine in 2007 and awarded the Innovation in Messaging Award 2007 by the Mobile Messaging Association.
www.monitisegroup.com
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