eCommLink, a leading value added prepaid processor, and Monitise Americas, the mobile money experts, today announced that they are working together to jointly offer mobile money applications to the prepaid debit card industry.
"The mobile phone is the perfect way for people to manage their prepaid card accounts and eCommLink's leadership and innovation makes it the perfect partner for us as we expand in this industry," stated Lisa Stanton, Chief Executive Officer, Monitise Americas.
Together, the companies will market prepaid debit cards that are closely integrated with a cardholder's mobile phone. This will allow customers to manage their cards, reload their accounts, pay bills, transfer money to another person and make international remittances directly from the mobile handset, regardless of the carrier or financial institution involved.
"We have been at the forefront of the mobilization of the prepaid debit industry since the beginning. As such, we are committed to providing our clients access to best in class mobile solutions and Monitise definitely fits that bill," stated T. Jack Williams, Chief Executive Officer, eCommLink.
Working together, the companies will provide white label solutions to eCommLink's program management and banking clients. Clients can select from either a SMS based interface or a simple to use, easy to download mobile application to allow cardholders to manage their prepaid accounts and perform transactions on the go.