The Monitise Mobile Money Manager is established as a clear leader in the mobile
financial services market.
PROVIDENCE, R.I.--(Business Wire)--
Monitise Americas, the Mobile Money specialist, today announced over 50
financial institutions have now signed up for its full service solution, which
consists of real-time balance inquiries, mini-statements, account transfers,
bill payments, same-day payments and more, delivered by a downloadable
application, iPhone app or a secure browser.
A further 100 financial institutions have signed up for its text services, which
include weekly balance texts and account updates delivered via SMS.
These financial institutions are accessing the Mobile Money Manager solution
through their relationships with FIS, one of the world`s largest providers of
banking and payments technology, and NYCE, a leading U.S. electronic payments
provider and an FIS company.
Consumers are upgrading their cell phones roughly every 18 months, and,
increasingly, they are switching from basic handsets that handle mainly voice
and text to sophisticated smartphones, such as iPhones and BlackBerry devices.
According to a recent Javelin report, 52 percent of the population will opt for
a smartphone by 2014, and iPhone owners currently represent the largest segment
of mobile banking users1. Monitise Americas recently announced that it now
covers more than 2000 different types of handsets, meaning that its financial
institution partners are perfectly positioned to support their customers now and
in the future as smartphone ownership becomes more mainstream.
"We are delighted with our progress", said Soren Bested, managing director,
Monitise Americas. "A key factor in our success has been the ability to provide
services to customers on any mobile network and any handset. We built our
technology with the changing needs of the end-user in mind. A customer can sign
up for text message banking with their flip phone and then seamlessly upgrade to
the full-service application without having to re-register. It`s the first truly
intelligent "triple-play" mobile financial product."
About Monitise Americas
Monitise Americas is a joint venture between FIS, a leading provider of banking
and payments technologies to financial institutions and businesses worldwide and
Monitise plc (MONI.L), a specialist in mobile banking technology. Monitise
Americas provides mobile banking and payment services to North American
financial institutions predicated on an "ecosystem" principle, which allows
multiple mobile carriers and financial institutions to deliver services over a
single platform. For more information on Monitise Americas and details of how to
benefit from participating in its cross-America ecosystem, please visit
http://www.monitiseamericas.com.
12009 Mobile-Banking and Smartphone Forecast: Essential Strategies for a
Fast-Growing, Evolving Market Adoption (Javelin Strategy & Research, September
2009)
Monitise Americas
Rebecca Warzycha, 401-305-5211
Sales and Marketing Coordinator
rebecca.warzycha@monitiseamericas.com
Copyright Business Wire 2009
