Monitise Regulatory News (MONI)

9 Jun 2008 07:00



9 June, 2008

MONILINK MOBILE BANKING AND PAYMENTS SERVICES TO BE 

LAUNCHED BY ANOTHER UK BANK

Monitise plc (LSE:MONI.L) is pleased to announce that MONILINK, its UK joint venture with VocaLink, has signed a contract with another UK retail bank to offer mobile banking and payment services to it customers. 

The MONILINK service enables consumers to check the balance of their accounts, request mini-statements and top-up pre-pay mobile phones directly from their bank accounts from almost any location in the world. This secure service is protected by a personal passcode and any information displayed on the phone is automatically deleted. No personal details are stored on the handset itself, ensuring that information remains completely secure, even if the handset is lost or stolen. 

Alastair Lukies, CEO of Monitise, said: "Mobile banking and payments is one of the fastest growing markets globally and the UK is leading the way in this area, becoming a global showcase for what can be offered to consumers in terms of both service and security. The MONILINK service puts the consumer first by bringing banks and mobile operators together to work collaboratively."

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About MONILINK

MONILINK, the UK's mobile banking network, provides consumers with a greater level of control over their finances, allowing them to securely access their card-based accounts via the mobile handset. The service is currently available to customers of Alliance & Leicester, first direct, HSBC, Royal Bank of Scotland, NatWest and Ulster Bank and across all major mobile networks. It has been developed over the past three years by VocaLink, the operators of the UK's ATM network and Monitise, the mobile banking and payments specialists. The service was awarded 'Technology Pioneer' status by the World Economic Forum, in recognition of its potential to create a 'life changing impact on a global scale'.

The company uses the trusted technology and operational capability of VocaLink which is connected with 37 of the UK leading retail banks and building societies. This allows VocaLink's portfolio of services, such as balance enquiries and mobile prepay 'top ups' to be delivered to the broadest group of banking consumers.

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