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Monitise Americas signs 10 US banks to m-banking system

09 January 2008  |  1344 views  |  0 Source: Monitise Americas

Monitise Americas, the mobile banking and payments provider, today announced that NYCE Payments Network has signed agreements with ten new financial institutions to provide mobile financial services powered by Monitise Americas to their customers and members.

NYCE Payments Network, is a leading U.S. debit card payments network and a division of Metavante (NYSE: MV), a leading provider of banking 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 Credit Union, 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's Mobile Financial Services offering. Monitise Americas uses existing financial services processor connections, such as the NYCE Network and prepaid platforms, to deliver mobile financial services directly to consumers' mobile devices. The service allows institutions of all sizes to offer a new way of banking to their customers without significant investments in new technology infrastructure.

The Monitise Americas solution is compatible across multiple mobile networks, so consumers 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 more convenience and on-the-move access to their accounts," said Lisa Stanton, Chief Executive Officer of Monitise Americas. "In today's 'on-demand' society, banks and credit unions don't have a lot of time to respond and our service allows them to deploy mobile banking to their market quickly, enables their customers to access their financial information from anywhere and uses a platform that they can trust. The Monitise Americas system unites relevant players in a single secure connection, using a method that's already proven in Europe."

"The concept of 'value' has become a base expectation for financial institutions. Increasing that value by offering a cutting-edge service like mobile banking and payments redefines what a network can do," said Steve Rathgaber, President and Chief Operating Officer at NYCE. "Increasing numbers of banks and credit unions are seeing how the capability to deliver mobile financial services over the ATM switch creates a scalable solution that they can capitalize on regardless of their size, charter or mobile strategy."

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