Monitise Americas Announces Mobile Banking Customers

The financial institutions are: California Business Bank, Los Angeles, Calif.; First National Bank of LaGrange, LaGrange, Ill.; Gold Canyon Bank, Gold Canyon, Ariz.; INTRUST Bank, Wichita, Kan.; New Century Bank, Chicago, Ill.; Michigan Schools and Government Credit Union, Clinton Township, Mich.; PrimeSouth Bank, Waycross, Ga.; PyraMax Bank, Greenfield, Wis.; Seaside National Bank & Trust, Orlando, Fla.; and Summit Bank, Prescott, Ariz.

These institutions are accessing the Monitise Americas solution through NYCE's Mobile Financial Services offering. Monitise Americas uses existing financial services processor connections, such as the NYCE Network and prepaid platforms, to deliver mobile financial services directly to consumers' mobile devices. The service allows institutions of all sizes to offer a new way of banking to their customers without significant investments in new technology infrastructure.

The Monitise Americas solution is compatible across multiple mobile networks, so consumers are able to use the service without switching handsets or carriers. Current services available include balance inquiries, funds transfers, mini-statements and text message alerts.

"Consumers have challenged their financial institutions to provide more convenience and on-the-move access to their accounts," said Lisa Stanton, Chief Executive Officer of Monitise Americas. "In today's 'on-demand' society, banks and credit unions don't have a lot of time to respond and our service allows them to deploy mobile banking to their market quickly, enables their customers to access their financial information from anywhere and uses a platform that they can trust. The Monitise Americas system unites relevant players in a single secure connection, using a method that's already proven in Europe."

"The concept of 'value' has become a base expectation for financial institutions. Increasing that value by offering a cutting-edge service like mobile banking and payments redefines what a network can do," said Steve Rathgaber, President and Chief Operating Officer at NYCE. "Increasing numbers of banks and credit unions are seeing how the capability to deliver mobile financial services over the ATM switch creates a scalable solution that they can capitalize on regardless of their size, charter or mobile strategy."

Monitise Americas has engineered its platform specifically for the North American mobile banking and payments market, leveraging the best practices and award-winning technology developed by Monitise for the MONILINK service in the U.K. MONILINK provides mobile banking and payment services to U.K. customers of first direct, Alliance & Leicester, Royal Bank of Scotland, NatWest and Ulster Bank.