Monitise PLC MoneyPass Partnership For Mobile Card Services (2697C)
January 15 2015 - 9:00AM
UK Regulatory
TIDMMONI
RNS Number : 2697C
Monitise PLC
15 January 2015
MoneyPass(R) partners with Monitise to offer mobile card
services
January 15, 2015 - Monitise plc (LSE: MONI), a global leader in
Mobile Money solutions, today announced that it has partnered with
the MoneyPass Network to offer a range of advanced Mobile Money
services and card control capabilities to card issuers in the
United States. The MoneyPass Network is operated by Elan Financial
Services, a division of U.S. Bank.
Monitise will be delivering a range of capabilities to MoneyPass
Mobile users, including core mobile banking services such as
balance checks and transfers, as well as more advanced services
like mobile check deposit and cardholder-managed security controls.
The scalable, cloud-based platform provided by Monitise will enable
MoneyPass issuers to offer mobile money services rapidly, easily
and securely.
"MoneyPass cardholders are looking for easy, straightforward
ways to manage their money. Mobile is a critical channel to help
meet this need," said Troy Cullen, President of Elan. "Through our
participating financial institutions, we want to give cardholders
access to a premium mobile card services experience that is both
easy to use and secure."
In addition to core mobile card services Monitise will enable
mobile security and fraud alerts for cardholders of participating
institutions to provide immediate notification when an account may
be at risk. This allows cardholders to proactively monitor and
manage their accounts.
Mike Dreyer, President, Americas at Monitise, added, "Thanks to
mobile, the way that consumers are interacting with their financial
institutions has transformed from just a few years ago. The level
of engagement through mobile is staggering - users of
Monitise-based mobile banking services often log in daily. Part of
the reason this is so high comes down to trust, and we are looking
forward to providing MoneyPass cardholders with greater access to
mobile banking services on a platform they can rely on."
About MoneyPass
MoneyPass is a network operated by Elan Financial Services, one
of the nation's leading providers of comprehensive ATM and debit
card processing solutions for financial institutions and
Independent Sales Organizations (ISOs). MoneyPass provides
surcharge-free access to MoneyPass cardholders at more than 24,000
ATMs across the United States, allowing cardholders to access their
money where they live, work and travel. With more than 1,600
participating organizations and 80 million active cards, MoneyPass
is a rapidly growing surcharge-free network whose emphasis is on
cost-efficient membership options, flexible terms and accessible
locations. MoneyPass cardholders can easily locate MoneyPass ATMs
by visiting the online ATM locator at www.moneypass.com. For more
information, call 1-800-343-7064 or visit www.moneypass.com.
Media contact
Teri Charest, MoneyPass
(612) 303--0372, teri.charest@moneypass.com
About Monitise
Monitise (LSE: MONI) is a world leader in Mobile Money -
banking, paying and buying with a mobile device. Leading banks,
payments companies, retailers and mobile networks use Monitise's
technology platforms and services to securely connect people with
their money.
More than 30 million users have registered for Monitise's
patented technology to 'bank anywhere', 'pay anyone' and 'buy
anything', accounting for $88bn of payments, purchases and
transfers annually. Additionally, apps designed by the Group's
Monitise Create and MEA divisions have been downloaded 30 million
times. More information is available at www.monitise.com. For views
and insights from the Monitise team about the world of Mobile
Money, visit www.monitise.com/insights.
Investor Relations
Andrew Griffin, Haya Herbert-Burns Tel: +44(0)203 657 0366
investorrelations@monitise.com
Media Relations
Gavin Haycock, Anna Howard Tel: +44(0)203 657 0362
press@monitise.com
Canaccord Genuity
Simon Bridges, Cameron Duncan Tel: +44(0)20 7523 8000
FTI Consulting
Charles Palmer, Rob Mindell Tel: +44(0)20 3727 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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