Monitise Regulatory News (MONI)

10 Jan 2008 07:00

Monitise PLC10 January 2008 FINANCIAL INSTITUTIONS CHOOSE MONITISE AMERICAS MOBILE FINANCIAL SERVICES OFFERED BY NYCE PAYMENTS NETWORK Mobile banking and payments solution gaining momentum across the U.S.and among financial institutions of all sizes with thirteen banks signed to date London - Jan. 10, 2008 - Monitise plc (MONI.L) welcomes the news that MonitiseAmericas, LLC, the mobile banking and payments provider, today announced thatNYCE Payments Network has signed agreements with ten new financial institutionsto provide mobile financial services, powered by Monitise Americas, to theircustomers and members. NYCE Payments Network, LLC, is a leading U.S. debit cardpayments network and a division of Metavante (NYSE: MV), a leading provider ofbanking and payments technology. The latest institutions to choose mobile services from Monitise Americas are:California Business Bank, Los Angeles, Calif.; First National Bank of LaGrange,LaGrange, Ill.; Gold Canyon Bank, Gold Canyon, Ariz.; INTRUST Bank, Wichita,Kan.; New Century Bank, Chicago, Ill.; Michigan Schools and Government CreditUnion, Clinton Township, Mich.; PrimeSouth Bank, Waycross, Ga.; PyraMax Bank,Greenfield, Wis.; Seaside National Bank & Trust, Orlando, Fla.; and Summit Bank,Prescott, Ariz. These institutions are accessing the Monitise Americas solution through NYCE'sMobile Financial Services offering. Monitise Americas uses existing financialservices processor connections, such as the NYCE Network and prepaid platforms,to deliver mobile financial services directly to consumers' mobile devices. Theservice allows institutions of all sizes to offer a new way of banking to theircustomers without significant investments in new technology infrastructure. The Monitise Americas solution is compatible across multiple mobile networks, soconsumers are able to use the service without switching handsets or carriers.Current services available include balance inquiries, funds transfers,mini-statements and text message alerts. "Consumers have challenged their financial institutions to provide moreconvenience and on-the-move access to their accounts. In today's 'on-demand'society, banks and credit unions don't have a lot of time to respond," said LisaStanton, Chief Executive Officer of Monitise Americas. "Our service allows themto deploy mobile banking to their market quickly, enables their customers toaccess their financial information from anywhere and uses a platform that theycan trust. The Monitise Americas system unites relevant players in a singlesecure connection, using a method that's already proven in Europe." "The concept of 'value' has become a base expectation for financialinstitutions. Increasing that value by offering a cutting-edge service likemobile banking and payments redefines what a network can do," said SteveRathgaber, President and Chief Operating Officer at NYCE. "Increasing numbers ofbanks and credit unions are seeing how the capability to deliver mobilefinancial services over the ATM switch creates a scalable solution that they cancapitalize on regardless of their size, charter or mobile strategy." Monitise Americas has engineered its platform specifically for the NorthAmerican mobile banking and payments market, leveraging the best practices andaward-winning technology developed by Monitise for the MONILINK service in theU.K. MONILINK provides mobile banking and payment services to customers of theUK's major banks including first direct, Alliance & Leicester, Royal Bank ofScotland, NatWest and Ulster Bank. Contacts: Monitise Group Tel: 020 7868 5200Duncan McIntyre, ChairmanAlastair Lukies, CEOBen Evetts, Head of Communications Financial Dynamics Tel: 020 7831 3113Harriet KeenHaya Chelhot About NYCE NYCE Payments Network, LLC, helps its clients grow with innovative new productsand strategic alliances that enable them to capitalize on the efficiency,consumer convenience and security of electronic real-time payments. The NYCENetwork provides consumers with secure, real-time access to their money,connecting the accounts of more than 74 million cards with 280,000 ATMs, and 1.5million point-of-sale locations nationwide. NYCE Balance Transfer (formerlyResponse Data Corporation) drives asset growth for consumer credit issuersthrough automated balance transfer/consolidation payment services. Headquarteredin Secaucus, N.J., NYCE Payments Network, LLC, (www.nyce.net) is a Metavante(NYSE: MV) company. About Monitise Americas Monitise Americas is a joint venture between Metavante Corporation, a leadingprovider of banking and payments technologies to financial institutions andbusinesses worldwide and Monitise plc (MONI.L), a specialist in mobile bankingtechnology. Monitise Americas provides mobile banking and payment services toNorth American financial institutions predicated on an "ecosystem" principle,which allows multiple mobile carriers and financial institutions to deliverservices over a single platform. It has a sister ecosystem in the UnitedKingdom, MONILINK, developed by Monitise plc in partnership with VocaLink.Current partners of MONILINK include: first direct, Alliance & Leicester, RoyalBank of Scotland, NatWest, Vodafone, Orange, O2, T-Mobile and Hutchison 3G. For more information on Monitise Americas and details of how to benefit fromparticipating in its cross-America ecosystem, please visit www.monitise.com. About Monitise plc Monitise plc (MONI.L) is a specialist in mobile banking and payments technology.It has developed the world's first mobile banking ecosystems, which allowcustomers of multiple banks and mobile operators to perform banking and paymenttransactions 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 services in territories worldwide.Current key partners include VocaLink Interchange Network, Metavante, VisaEurope, BT Global Services, T-Systems, HSBC, first direct, Alliance & Leicester,Royal Bank of Scotland, NatWest, Vodafone, Orange, O2, T-Mobile and Hutchison3G. 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;awarded the Innovation in Messaging award 2007 by the Mobile MessagingAssociation.www.monitisegroup.com Metavante and NYCE are registered trademarks 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 Exchange