NYCE EXTENDS ATM NETWORK
06 April 2009 - 10:32PM
RNS Non-Regulatory
TIDMMONI
Monitise PLC
06 April 2009
?
6 April 2009
NYCE EXTENDS ATM NETWORK TO MOBILE PHONES
WITH TEXT MESSAGE BALANCE INQUIRIES
NYCE participants will pay no additional fees for mobilization of balance
inquiries
Monitise plc (MONI.L) welcomes the news that NYCE today announced that it now
offers balance inquiries by text message to its financial institution
participants as a standard feature of full participation in the NYCE Network.
NYCE Payments Network, LLC, is a leading U.S. electronic payments network and a
Metavante (NYSE:MV) company. Metavante Corporation is a leading provider of
banking and payments technology.
The basic text message transactions will be an extension of the balance inquiry
functionality commonly available at NYCE Network ATMs, with no additional fees
for mobilization. The new service, powered by Monitise Americas, will allow
consumers to use text messaging to request and receive real-time balance
information on their primary accounts. Text message balance inquiries will work
for virtually all mobile phone users regardless of their mobile carrier or the
type of handset they use.
"Text message balance inquiries further extend the reach of our nationwide ATM
network directly into the pockets of the country's mobile phone users," said
Steve Rathgaber, NYCE president and chief operating officer. "With mobile
financial services quickly becoming mainstream, NYCE believes that consumers
will soon expect the ability to access their demand deposit accounts using their
mobile phones - in much the same way they expect that access through an ATM
today. As a network provider, we deliver better customer satisfaction for our
financial institution clients by making sure they can easily adapt to the ways
consumers want to access their accounts."
In a recent survey of North American consumers, commissioned by Monitise
Americas and conducted by MaCorr Research1, more than three-fourths of the total
respondents said it was important for them to have real-time information
regarding their accounts. Of those who said they would like to use their mobile
phones for financial services, more than 90 percent stated that they are
interested in basic informational capabilities such as checking their account
balances on the go.
NYCE's mobile services are fully integrated with the network's infrastructure,
leveraging existing NYCE services such as settlement and reporting. This
approach simplifies the provider relationship and allows institutions of all
sizes to offer mobile to their customers without significant investment in new
technology infrastructure.
Alastair Lukies, chief executive, Monitise plc commented: "This is another
landmark in the evolution of mobile money across North America. By ensuring that
mobile banking services come 'as standard', NYCE, using the Monitise Americas
platform, will enable tens of millions of Americans to be able to manage their
money anytime they choose using their mobile phone."
Enquiries
+------------------------------------+-----------------------------------+
| Contacts: | |
+------------------------------------+-----------------------------------+
| Monitise Group | |
+------------------------------------+-----------------------------------+
| Ben Evetts, Head of Communications | Tel: 020 7868 5200 |
+------------------------------------+-----------------------------------+
| Tom Spurgeon, Chief Financial | |
| Officer | |
+------------------------------------+-----------------------------------+
| | |
+------------------------------------+-----------------------------------+
| Financial Dynamics | |
+------------------------------------+-----------------------------------+
| Juliet Clarke | Tel: 020 7831 3113 |
+------------------------------------+-----------------------------------+
| Haya Chelhot | |
+------------------------------------+-----------------------------------+
| Erwan Gouraud | |
+------------------------------------+-----------------------------------+
| | |
+------------------------------------+-----------------------------------+
About NYCE
NYCE Payments Network, LLC, a Metavante company, helps its clients grow with
innovative new products and strategic alliances that enable them to capitalize
on the efficiency, consumer convenience and security of electronic real-time
payments. The NYCE Network provides consumers with secure, real-time access to
their money, offering hundreds of thousands of ATM locations and millions of
point-of-sale locations nationwide. The NYCE Direct Bill Payment service offers
cardholders a convenient way to pay bills online in real-time via their bank
accounts. NYCE Balance Transfer services drive asset growth for consumer credit
issuers
through automated balance transfer/consolidation payment services. Headquartered
in Secaucus, N.J., NYCE Payments Network, LLC, (www.nyce.net) is a wholly owned
subsidiary of Metavante (NYSE:MV).
Monitise Americas is a joint venture between Metavante Corporation, 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.
About Monitise Americas
Monitise Americas is a joint venture between Metavante Corporation, 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. It has a sister ecosystem in the United
Kingdom, MONILINK, developed by Monitise plc in partnership with VocaLink.
Current partners of MONILINK include: first direct, Alliance & Leicester, Royal
Bank of Scotland, NatWest, Vodafone, Orange, O2, T-Mobile and Hutchison 3G.
For more information on Monitise Americas and details of how to benefit from
participating in its cross-America ecosystem, please visit www.monitise.com and
www.monitiseamericas.com.
About Monitise plc
Monitise plc (MONI.L), the mobile money people, has created the world's first
mobile banking networks, 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 & payment services in territories
worldwide.
Current key partners include VocaLink, Metavante, HSBC, Lloyds TSB, first
direct, Alliance & Leicester, Royal Bank of Scotland, NatWest, Vodafone, Orange,
O2, T-Mobile and Hutchison 3G.
www.monitisegroup.com
1"North American Consumer Research," by MaCorr Research. Published by Monitise
Americas, January 2009.
Metavante and NYCE are registered trademarks of Metavante Corporation, which is
the principal subsidiary of Metavante Technologies, Inc.
###
This information is provided by RNS
The company news service from the London Stock Exchange
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