Monitise Regulatory News (MONI)

26 Sep 2007 14:36

Monitise PLC26 September 2007 For further information: Ben Evetts PR: Monitise Ben.evetts@monitise.com 020 7868 5200 Wednesday 26 September 2007 MONITISE ANNOUNCES ITS 2008 PRODUCT SUITE Monitise Announces its 2008 Product Suite which enables Mobile to Become theVirtual Bank in Your Pocket Monitise plc (MONI.L), the global leader in the provision of mobile banking andpayments services, today announced its current global product suite for 2008.The announcement covers its UK service MONILINK*, US service Monitise Americas**and its other global license relationships. The new range of services have beendeveloped by Monitise on the basis of the requirements of its key partners andits view of the expanding demands of the consumer in this rapidly developingmarket space. It is expected that a range of these services will be introducedby participating financial institutions based on their customer requirements andwill allow consumers even greater control of their financial affairs from theirmobile handset, 24/7. New services being introduced include: - The ability to manage multiple accounts - including bank accounts,credit and pre-paid cards and loyalty card schemes - from a single application - A full range of payment services - including inter-account and peerto peer transfers, bill payment and international remittances - SMS alerting - such as weekly balances, accounts nearing their limitor notification of potentially fraudulent transactions - 'Click to call' services, allowing consumers to instigate a directcall to their provider's contact centre from within the Monitise application forsales or service - Secure messaging services, allowing consumers to send or receivesecure messages from their financial services provider - such as requests forcredit limit increases or card activations - Two-factor authentication for internet banking - providing anadditional layer of security, through the use of unique passcodes andinstruction confirmation to protect against internet fraud and secure paymentstransactions conducted online - ATM & branch locators Beyond these additions to its mobile banking and payments platform, Monitise isalso working with partners to leverage its unique technology in emerging paymentchannels such as increasing the security and improving the experience ofshopping online. This will be delivered using a range of identity and 'cardholder not present' mobile security solutions. Alastair Lukies, chief executive, Monitise plc said: "The strength of our mobilebanking and payments service is its ability to connect previously disparatefunctions into a single ecosystem, in turn delivering a consumer friendlyapplication. Already we are seeing the number of transactions per userincrease, as consumers habitually use the service as part of their dailyroutine. All of our research suggested that consumers wanted to start withbasic and simple-to-understand services, such as balance enquires, ministatements and mobile phone top-ups. Our 2008 product set reflects the views ofour partners, consumer feedback and our ongoing market research and highlightsthe strength and scalability of the Monitise ecosystem in delivering the networkeffect to mobile banking and payments." The Monitise service is designed to be compatible with any bank or mobilenetwork and is available on 95% of the handsets currently available in the UK,resulting in the widest possible appeal to consumers and avoiding the need for achange of mobile operator or handset in order to benefit from the service. Itconnects directly into financial institutions using their existing paymentprocessing connections, delivering a highly secure consumer service, without therequirement for extensive technical integration. It is also built oninternational banking standards ensuring the customer's personal information iscompletely protected at all times. * MONILINK is a joint venture between Monitise plc and VocaLink ** Monitise Americas is a joint venture between Monitise plc and MetavanteCorporation. Notes to editors About Monitise plc Monitise plc (MONI.L) is a specialist in mobile banking technology. It hasdeveloped the world's first mobile banking ecosystem, which allows consumers toperform banking and payment transactions using a single interface, acrossmultiple mobile operators and financial institutions. With live services in the UK, where it has delivered the MONILINK platform inpartnership with VocaLink, the company is currently working with internationalpartners to deliver similar safe, secure mobile banking services in territoriesworldwide. Partners include Metavante, Sun Microsystems, BT Global Services,HSBC, first direct, Alliance & Leicester, Royal Bank of Scotland, NatWest,Vodafone, Orange, O2, T-Mobile and Hutchison 3G. This information is provided by RNS The company news service from the London Stock Exchange