Visa Inc and Monitise Plc Launch Suite of Mobile Services for U.S. Financial Institutions

Monitise Plc (Monitise) announced that Visa DPS, the issuer processor of Visa transactions in the U.S., and Monitise, a provider of mobile banking services, have launched a one-stop solution for mobile services. Visa Inc. (Visa) announced the launch of mobile services that allow financial institutions to offer their account holders the ability to monitor account history and balances, transfer funds between accounts, and receive near real time transaction alerts on their mobile devices. Working in collaboration with Monitise, Visa made an enhancement to its issuer processing platform, Visa DPS, to offer mobile services that are fully managed by Visa and can be accessed with any mobile device, any mobile channel, and with any eligible debit, credit or prepaid account. Additional services are currently in development including mobile check deposit, mobile (NFC) payments, mobile offers, and support for V.me by Visa, Visa's digital wallet. Enabling mobile services through the Visa DPS platform directly aligns with Visa's global innovation strategy to accelerate the global shift to electronic payments, to make payments more secure, more convenient and to bring electronic payments to more consumers in more places.