Monitise PLC - Monitise Launches Monitrust : NON-REG

RNS Number:2403M
Monitise PLC
22 January 2008

22 January 2008

MONITISE LAUNCHES MONITRUST, ITS PLATFORM FOR NEAR FIELD COMMUNICATION
TECHNOLOGY

Monitise extends its live mobile banking and payments ecosystem to NFC Payments
and Ticketing

Monitise plc (LSE: MONI.L) today announced the launch of MoniTrustTM, its
platform for Near Field Communication (NFC) payments and ticketing. The service
integrates to Monitise's live multi-bank, multi mobile operator mobile banking
and payments ecosystems (MONILINK in the UK and Monitise Americas in North
America) providing a delivery framework for contactless 'touch and go' payments
using the mobile handset. By allowing banks, mobile operators, card schemes and
merchants to collaborate within a single environment, the MoniTrustTM platform
brings mobile contactless payments a step closer for global consumers.

Richard Johnson, Monitise Group's Chief Marketing Officer, said: 'Consumers are
already starting to enjoy the convenience of both managing their bank accounts
and cards from their mobile phone, and making 'remote' payments such as account
transfers, paying bills, peer-to-peer and remittance payments. When NFC-enabled
handsets become available to the mass market, consumers will need to be able to
manage their 'proximity' activity alongside their existing 'remote' activity.
MoniTrust provides the mechanism for this transition to happen seamlessly for
all service providers and, most importantly, for consumers. We have been
delighted with the level of interest from our partners and look forward to
announcing the first live implementations of MoniTrust over the coming months.'

Through a single connection to MoniTrust's open platform, participants can
enable their consumers to manage their bank accounts, card accounts, mobile
wallets, transport and ticketing applications in the 'beep and go' environment
in a consistent way which maintains the highest standards of usability and
security - whether it is requesting a card to be loaded onto your mobile,
checking a balance before making a contactless payment, paying for a travel
season-ticket from a bank account and loading it into your mobile, or topping up
a child's school meal allowance on their mobile.

Furthermore, MoniTrust's unique approach gives consumers the convenience of
managing their NFC accounts alongside their non-proximity accounts and payments
- a truly customer-centric approach for the mass market. MoniTrust achieves this
by providing an aggregated connection hub for consumer service providers (such
as banks, card issuers, mobile operators, transport schemes) and key technical
enablers such as Secure Domain Managers.

Liisa Kanniainen, Executive Director of the Mobey Forum, the global association
devoted to the promotion of mobile technology in financial services added: "We
have completed an extensive evaluation on the future development of mobile
financial services and one of the main findings was that a combination of NFC
and mobile banking services is likely to result in a better business case for
all. Products that enable banks to offer these services based on mutually
beneficial co-operation with mobile operators are to be welcomed."

Contacts:

Monitise Group Tel: 020 7868 5200
Duncan McIntyre, Chairman
Alastair Lukies, CEO
Ben Evetts, Head of Communications

Financial Dynamics Tel: 020 7831 3113
Harriet Keen
Haya Chelhot
Erwan Gouraud

About Monitise plc

Monitise plc (MONI.L) is a specialist in mobile banking and payments technology.
It has developed the world's first mobile banking ecosystems, which allow
customers of multiple banks and mobile operators to perform banking and payment
transactions directly from their mobile handset.

With live services in the UK and the USA, where it has delivered the MONILINK
and Monitise networks in partnership with VocaLink and Metavante Corporation
respectively, the company is currently working with international partners to
deliver similar safe, secure mobile banking and payment services in territories
worldwide. Current key partners include VocaLink Interchange Network, Metavante,
Visa Europe, BT Global Services, T-Systems, HSBC, first direct, Alliance &
Leicester, Royal Bank of Scotland, NatWest, Vodafone, Orange, O2, T-Mobile and
Hutchison 3G.

Monitise was recognised as a 'Technology Pioneer' by the World Economic Forum in
2006; 'Mobile Innovation of the Year' by The Banker Magazine in 2007 and;
awarded the Innovation in Messaging award 2007 by the Mobile Messaging
Association.

www.monitisegroup.com

This information is provided by RNS
The company news service from the London Stock Exchange
END

NRAEAXFFALFPEFE