Financial Institutions Choose Monitise Americas Mobile Financial Services Offered by NYCE Payments Network

MILWAUKEE, Jan. 9 /PRNewswire/ -- Monitise Americas, LLC, the mobile banking and payments provider, today announced that NYCE Payments Network has signed agreements with ten new financial institutions to provide mobile financial services powered by Monitise Americas to their customers and members. NYCE Payments Network, LLC, is a leading U.S. debit card payments network and a division of Metavante (NYSE: MV) , a leading provider of banking and payments technology.

The latest institutions to choose mobile services from Monitise Americas 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.

About NYCE

NYCE Payments Network, LLC, 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, connecting the accounts of more than 74 million cards with 280,000 ATMs, and 1.5 million point-of-sale locations nationwide. NYCE Balance Transfer (formerly Response Data Corporation) drives 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 Metavante (NYSE: MV) company.

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.

Metavante and NYCE are registered trademarks of Metavante Corporation, which is the principal subsidiary of Metavante Technologies, Inc.