11 December 2017
visit www.solutions.lexisnexis.com

Monitise Americas signs 23 to m-banking technology

17 November 2008  |  8143 views  |  0 mobile keypad

Monitise Americas says another 23 US financial institutions, including community banks, credit unions and pre-paid providers, have signed up for its mobile banking services.

The firm, a joint venture between the UK's Monitise and US fintech group Metavante, provides mobile banking and payments services on an "ecosystem" principle, which allows multiple carriers and financial institutions to deliver services over a single platform.

The technology, offered as a downloadable application on Java or Brew and as SMS, is available on over 200 different handsets, including BlackBerry models, and three of the top four wireless carriers in the US.

With it, financial institutions can provide their customers with the ability to pay bills, make balance enquiries, transfer funds and receive mini statements and text message alerts using their handsets.

The platform - launched in November 2007 - is based on the same technology used for the Monilink m-banking network in the UK, which was developed by Monitise and national cash machine operator VocaLink.

Lisa Stanton, CEO, Monitise Americas, says: "Mobile banking is in an explosive period of growth right now and we are seeing a dramatic increase in demand by consumers who want on-the-go access to their bank accounts."

This is backed up by research released by fintech vendor Fiserv in September which found that around three quarters of US customers would now consider using mobile banking services if offered, up from 49% in 2006.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

M-banking network Monilink sees surge in account enquires as crunch bites

M-banking network Monilink sees surge in account enquires as crunch bites

11 November 2008  |  7601 views  |  0 comments
Americans switching on to m-banking

Americans switching on to m-banking

09 September 2008  |  7893 views  |  0 comments
Monitise full year pre-tax loss widens

Monitise full year pre-tax loss widens

21 August 2008  |  6772 views  |  0 comments
Monitise to raise £11.8m

Monitise to raise £11.8m

23 June 2008  |  7607 views  |  0 comments
Bank of America signs one million to m-banking

Bank of America signs one million to m-banking

11 June 2008  |  7677 views  |  0 comments
Mobile banking and payment users to reach 900m in 2012

Mobile banking and payment users to reach 900m in 2012

30 May 2008  |  16136 views  |  0 comments
Monitise targets East African market with JV

Monitise targets East African market with JV

15 May 2008  |  9868 views  |  0 comments
M-banking set to grow in Western Europe - Celent

M-banking set to grow in Western Europe - Celent

09 May 2008  |  9374 views  |  0 comments
Monitise to step up mobile banking application development

Monitise to step up mobile banking application development

27 September 2007  |  5386 views  |  0 comments
Monitise and Metavante to establish m-banking network in US

Monitise and Metavante to establish m-banking network in US

27 March 2007  |  9748 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit http://info.nice.comvisit www.solutions.lexisnexis.comvisit www.atos.net

Who is commenting?

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18343 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11250 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
7455 views comments | 14 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6561 views comments | 8 tweets | 17 linkedin
Barclays, First Direct and Nationwide join FCA sandbox cohortBarclays, First Direct and Nationwide join...
5966 views comments | 5 tweets | 12 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job