Mobile Banking and Payments Platform Now Fully Integrated into NYCE Switch and Live
MILWAUKEE–(BUSINESS WIRE)–Monitise Americas, LLC, the mobile banking and payments service provider, and Metavante (NYSE:MV), a leading provider of banking and payments technology, today announced the launch of Monitise Americas mobile financial services in the United States. The service, which is fully integrated into the industry leading NYCE Payments Network to deliver a highly secure connection to the nation’s leading financial institutions, allows financial institutions of all sizes to offer mobile financial services to their customers without significant investment in new technology. NYCE Payments Network, LLC, is a leading U.S. debit card payments network and a subsidiary of Metavante Corporation.
Initial launch partners include Harvard Employees Credit Union, North Jersey Community Bank, Sutton Bank and Sutton Bank’s Greenlink Payment division. In common with Monitise Americas model of delivering mobile financial services to financial institutions using their existing payments processor relationships, its initial launch partners will use their connections to the NYCE Payments Network in order to deliver the new service to their customers.
Monitise Americas delivers mobile financial services directly to consumers’ mobile devices through a highly secure and easily scalable service. It also delivers a crucial point of difference between those that simply “re-render” internet banking propositions or limit eligibility to Internet bankers, by providing a service that is accessible to all customers.
“It’s unquestionable that there is consumer demand for tools that improve their ability to manage their money and we believe that the mobile banking and payments market is at the very beginning of the growth curve,” said Lisa Stanton, Executive Vice President of Monitise Americas. “As the financial services industry becomes more focused on the mobile channel, it will appreciate our ability to provide a proven, trusted and secure gateway that is easy to deploy, low cost and has a clear line of sight to future banking and payment innovations.”
The Monitise Group has successfully deployed its technology in the U.K. with the MONILINK mobile banking and payments network. With an agreement in place with seven of Britain’s largest banks and dedicated secure connections into all of the country’s cellular operators, MONILINK is currently available to over one in three of all adult U.K. banking customers.
“Monitise Americas delivers the mass market, scalable and secure level of service that we expect across all of our channels,” added Frank D’Angelo, Group President of Metavante Payment Solutions, co-owner of Monitise Americas. “It’s essential that any service we offer is suitable for all customer segments, from the smallest community bank to the largest international financial institution. The scalability of Monitise Americas is demonstrated by our launch partners that include Sutton Bank and its loyal regional base of retail and prepaid card customers.”
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
Metavante Technologies, Inc. (NYSE:MV) is the parent company of Metavante Corporation. Metavante Corporation delivers banking and payments technologies to over 8,600 financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, electronic presentment and payment, and business transformation services. Metavante (www.metavante.com) is headquartered in Milwaukee.
Metavante is a registered trademark of Metavante Corporation.