Monitise Plc : Monitise enhances US technology platform

RNS Number : 3881P Monitise PLC
01 October 2013

Monitise next-generation Mobile Money solutions to accelerate revenue opportunities and strengthen customer loyalty
Platform enhancements to further help US financial institutions and credit unions deliver competitive and customised mobile offerings

San Rafael, CA, October 1, 2013 - Monitiseplc (LSE: MONI), a global leader in Mobile Money solutions, today announces the release of its next-generation platform technology that offers banks and credit unions unrivaled ways to capitalise on the growth of mobile banking, payments and commerce services.

Monitise's on-premise platform provides financial institutions in the Americas with world-class Bank Anywhere mobile capabilities and enables Pay Anyone and Buy Anything services delivered through the cloud to generate new revenue streams.
To meet the needs of financial institutions seeking differentiated mobile solutions and looking to move beyond their legacy platforms in an increasingly digital world, the latest version of Monitise's technology in the Americas - Vantage 5.1 - now incorporates a modularised architecture. This enables fast and frequent updates to individual aspects of financial institutions' mobile offerings.
By adopting Monitise, businesses can stay competitive while meeting rapidly evolving consumer needs at minimum time-to-market and cost. Monitise's patented and proven technology is designed to help financial institutions minimise the total cost of ownership, improve customer retention and loyalty, attract new customers and grow market share.
"Mobile banking is a key differentiator for our bank, and our customers have enthusiastically embraced value-added features such as mobile remote check deposit," said Rick Robel, executive vice president, operations and technology at American Savings Bank. "The rapid frequency with which we can update specific components of our mobile platform will enable us to continually bring new capabilities to market that our customers expect. Monitise's platform is essential to our mobile strategy and provides a differentiated, yet low-risk, low-cost foundation that can also be extended to support our future mobile wallet strategy."
Highlights of the Monitise platform capabilities in the Americas include:
· Hybrid Cloud, On-Premise Architecture: Core services remain on premise, while critical payments and commerce solution are delivered through the cloud from premium content providers around the world.
· Modular Components: Financial institutions can continuously evolve their mobile offering without having to undertake time- consuming and extensive software upgrades to their entire mobile banking platform simply to update new capabilities. Mobile capabilities and features can now be implemented incrementally, based on unique business requirements, timeframe and budget.
· Identified and Authenticated States: Customers' mobile usage can be increased, driving higher engagement, by limiting login friction for certain features, such as checking a balance, while requiring more advanced authentication for higher-risk transactions, such as money transfers.
"The always-on digital world creates new opportunities for businesses to serve customers in ways that were unthinkable in the 'remote- banking' era," said Lisa Stanton, president of Americas at Monitise. "Every day, we see more and more financial institutions looking to compete and thrive in the increasingly complex and competitive digital channel seeking capabilities that can differentiate them in the market, while delivering new sources of revenue."
Stanton added: "Our Americas platform technology allows financial institutions to keep core 'Bank Anywhere' services on-premise, and quickly deploy critical 'Pay Anyone' and 'Buy Anything' features via the cloud. We're making the complex simple by seamlessly enabling more and more financial institutions to deliver significantly enhanced customised solutions and services to meet consumer demand through our unique approach to unlocking the commercial benefits of mobile."
As well as relationships with Visa Inc. and Visa Europe, RBS and FIS, Monitise works with more than 350 banks and financial institutions and an increasing array of partners positioning themselves to adopt new mobile banking, payments and commerce services. Monitise is the preferred mobile payments and commerce technology partner for Telefónica Digital, the global innovation arm of Telefónica, and earlier this month announced a partnership with Card Services for Credit Unions (CSCU) that will enable CSCU to
offer Monitise's premier Bank Anywhere solution as part of its suite of products for more than 2,600 member credit unions across the
United States.
To learn more, please visit www.monitise.com/vantage
About Monitise
Monitise (LSE: MONI) is a world leader in Mobile Money - banking, paying and buying with a mobile device. Leading banks, payments companies, retailers and mobile networks utilise Monitise's technology platforms and services to securely connect people with their money.
Already, 24 million consumers benefit from our patented technology to 'bank anywhere', 'pay anyone' and 'buy anything', accounting for $50 billion of payments, purchases and transfers annually. More information is available at www.monitise.comand www.monitise.com/americas.
For more information:
Monitise plc Tel: [phone]
Alastair Lukies, Chief Executive Officer Lee Cameron, Chief Commercial Officer Brad Petzer, Chief Financial Officer
Mike Keyworth, Chief Operating Officer
Lisa Stanton, President of Americas
Investor Relations
Andrew Griffin, Haya Herbert-Burns [e-mail]
Tel: [phone]
Media Relations
Gavin Haycock [e-mail]
Tel: [phone]
Canaccord Genuity
Simon Bridges Tel: [phone]
Cameron Duncan
FTI Consulting Tel: [phone]
Charles Palmer
Jon Snowball
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