Monitise to be launched in the United StatesS with NYCE Switch and Live

Monitise and Metavante have announced the launch of Monitise Americas mobile financial services in the US.

The service, which is fully integrated into the industry leading NYCE Payments Network to deliver a highly secure connection to the nation's leading financial institutions, allows financial institutions of all sizes to offer mobile financial services to their customers without significant investment in new technology. NYCE Payments Network, is a leading US debit card payments network and a subsidiary of Metavante Corporation.

Initial launch partners include Harvard Employees Credit Union, North Jersey Community Bank, Sutton Bank and Sutton Bank's Greenlink Payment division. In common with Monitise Americas model of delivering mobile financial services to financial institutions using their existing payments processor relationships, its initial launch partners will use their connections to the NYCE Payments Network in order to deliver the serMonitise launch in the US with NYCE Switch and Live

Monitise and Metavante have announced the launch of Monitise Americas mobile financial services in the US.

The service, which is fully integrated into the industry leading NYCE Payments Network to deliver a highly secure connection to the nation's leading financial institutions, allows financial institutions of all sizes to offer mobile financial services to their customers without significant investment in new technology. NYCE Payments Network, is a leading US debit card payments network and a subsidiary of Metavante Corporation.

Initial launch partners include Harvard Employees Credit Union, North Jersey Community Bank, Sutton Bank and Sutton Bank's Greenlink Payment division. In common with Monitise Americas model of delivering mobile financial services to financial institutions using their existing payments processor relationships, its initial launch partners will use their connections to the NYCE Payments Network in order to deliver the service to their customers.

“It's unquestionable that there is consumer demand for tools that improve their ability to manage their money and we believe that the mobile banking and payments market is at the very beginning of the growth curve,” explains Lisa Stanton, executive VP, Monitise Americas. “As the financial services industry becomes more focused on the mobile channel, it will appreciate our ability to provide a proven, trusted and secure gateway that is easy to deploy, low cost and has a clear line of sight to future banking and payment innovations.”

The Monitise Group has successfully deployed its technology in the UK with the MONILINK mobile banking and payments network. With an agreement in place with seven of Britain's largest banks and dedicated secure connections into all of the country's mobile operators, MONILINK is currently available to over one in three of all adult UK banking customers.

However, it should be noted that Monitise is also currently under intense pressure in the UK high courts over a patent infringement battle which, should they lose, will see them stripped of all current business relationships. MPW expects some interesting news from Mobile VPT (MPW 90, 98), who brought the case against Monitise, shortly.

vice to their customers.

“It's unquestionable that there is consumer demand for tools that improve their ability to manage their money and we believe that the mobile banking and payments market is at the very beginning of the growth curve,” explains Lisa Stanton, executive VP, Monitise Americas. “As the financial services industry becomes more focused on the mobile channel, it will appreciate our ability to provide a proven, trusted and secure gateway that is easy to deploy, low cost and has a clear line of sight to future banking and payment innovations.”

The Monitise Group has successfully deployed its technology in the UK with the MONILINK mobile banking and payments network. With an agreement in place with seven of Britain's largest banks and dedicated secure connections into all of the country's mobile operators, MONILINK is currently available to over one in three of all adult UK banking customers.

However, it should be noted that Monitise is also currently under intense pressure in the UK high courts over a patent infringement battle which, should they lose, will see them stripped of all current business relationships. MPW expects some interesting news from Mobile VPT (MPW 90, 98), who brought the case against Monitise, shortly.