Monitise Regulatory News (MONI)

22 Jan 2008 09:00

Monitise PLC22 January 2008 22 January 2008 MONITISE LAUNCHES MONITRUST, ITS PLATFORM FOR NEAR FIELD COMMUNICATION TECHNOLOGY Monitise extends its live mobile banking and payments ecosystem to NFC Payments and Ticketing Monitise plc (LSE: MONI.L) today announced the launch of MoniTrustTM, itsplatform for Near Field Communication (NFC) payments and ticketing. The serviceintegrates to Monitise's live multi-bank, multi mobile operator mobile bankingand payments ecosystems (MONILINK in the UK and Monitise Americas in NorthAmerica) providing a delivery framework for contactless 'touch and go' paymentsusing the mobile handset. By allowing banks, mobile operators, card schemes andmerchants to collaborate within a single environment, the MoniTrustTM platformbrings mobile contactless payments a step closer for global consumers. Richard Johnson, Monitise Group's Chief Marketing Officer, said: 'Consumers arealready starting to enjoy the convenience of both managing their bank accountsand cards from their mobile phone, and making 'remote' payments such as accounttransfers, paying bills, peer-to-peer and remittance payments. When NFC-enabledhandsets become available to the mass market, consumers will need to be able tomanage their 'proximity' activity alongside their existing 'remote' activity.MoniTrust provides the mechanism for this transition to happen seamlessly forall service providers and, most importantly, for consumers. We have beendelighted with the level of interest from our partners and look forward toannouncing the first live implementations of MoniTrust over the coming months.' Through a single connection to MoniTrust's open platform, participants canenable their consumers to manage their bank accounts, card accounts, mobilewallets, transport and ticketing applications in the 'beep and go' environmentin a consistent way which maintains the highest standards of usability andsecurity - whether it is requesting a card to be loaded onto your mobile,checking a balance before making a contactless payment, paying for a travelseason-ticket from a bank account and loading it into your mobile, or topping upa child's school meal allowance on their mobile. Furthermore, MoniTrust's unique approach gives consumers the convenience ofmanaging their NFC accounts alongside their non-proximity accounts and payments- a truly customer-centric approach for the mass market. MoniTrust achieves thisby providing an aggregated connection hub for consumer service providers (suchas banks, card issuers, mobile operators, transport schemes) and key technicalenablers such as Secure Domain Managers. Liisa Kanniainen, Executive Director of the Mobey Forum, the global associationdevoted to the promotion of mobile technology in financial services added: "Wehave completed an extensive evaluation on the future development of mobilefinancial services and one of the main findings was that a combination of NFCand mobile banking services is likely to result in a better business case forall. Products that enable banks to offer these services based on mutuallybeneficial co-operation with mobile operators are to be welcomed." Contacts: Monitise Group Tel: 020 7868 5200Duncan McIntyre, ChairmanAlastair Lukies, CEOBen Evetts, Head of Communications Financial Dynamics Tel: 020 7831 3113Harriet KeenHaya ChelhotErwan Gouraud 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 and payment services in territoriesworldwide. Current key partners include VocaLink Interchange Network, Metavante,Visa Europe, BT Global Services, T-Systems, HSBC, first direct, Alliance &Leicester, Royal Bank of Scotland, NatWest, Vodafone, Orange, O2, T-Mobile andHutchison 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;awarded the Innovation in Messaging award 2007 by the Mobile MessagingAssociation. www.monitisegroup.com This information is provided by RNS The company news service from the London Stock Exchange