Monitise PLC Monitise expands cloud-based payments and MCN
09 Octubre 2013 - 8:00AM
RNS Non-Regulatory
TIDMMONI
Monitise PLC
09 October 2013
October 9, 2013
Monitise expands cloud-based payments and commerce network
Rewards Now and Acculynk join network, enabling financial
institutions to drive more value to consumers and merchants
Monitise plc (LSE: MONI) today announced a major expansion of
the Monitise Commerce Network (MCN), giving financial institutions
new opportunities to rapidly deploy valuable mobile wallet
capabilities to consumers and merchants. The network allows
financial institutions to capitalise on new sources of
commerce-related revenue, while lowering associated risks and costs
through an internationally collaborative approach.
Amid partnerships with Visa Inc. and Visa Europe, which predicts
that by 2020 more than 50% of its transactions will be initiated
via mobile, Monitise works with more than 350 banks and financial
institutions and an increasing array of businesses such as IBM,
Telefónica Digital, Cognizant and CGI to deliver mobile banking,
payments and commerce services.
New partners in Monitise's commerce network include Rewards Now
for loyalty and rewards programs and Acculynk for secure mobile
transactions. These partnerships follow Monitise's recent
collaborations with Blackhawk Network for mobile gift card
purchasing, Venda, the on-demand ecommerce provider, and a growing
number of businesses tapping into mobile commerce capabilities.
Payment and commerce features delivered through the network
include:
-- Mobile gift card purchasing
-- In-store and mobile commerce payments
-- Loyalty and rewards programs
-- Targeted offers and coupons
-- Secure mobile debit transactions for multiple forms of mobile payments
"Every day, more businesses and consumers are turning to mobile
as their preferred way to bank, pay and buy. Our commerce network
enables financial institutions to leverage the high engagement of a
mobile banking application into new, commerce-related revenue
opportunities, tying together the mutual value merchants and
consumers receive via a bank's existing mobile application or a
mobile wallet," said Lisa Stanton, President of Americas at
Monitise.
By leveraging a cloud-based approach, Monitise curates the best
content partners while managing technical and contract terms, which
minimises resources and risk for financial institutions wanting to
extend into new revenue models.
Mobile banking application usage continues to increase among
consumers, averaging around 30 interactions per month. This
unrivalled level of engagement versus branches, the web and ATMs
provides banks with a unique opportunity to monetise consumer
mobile use with a differentiated, secure and 'always-on'
experience. More than half of US consumers* trust financial
institutions to conduct transactions over a mobile device, giving
banks an undeniable opportunity to extend their core customer
relationship into a commerce orientation, where merchants,
consumers and content providers all benefit.
Monitise Group Chief Executive Alastair Lukies commented: "The
next evolution of banking will revolve around leveraging data about
merchants and consumers to deliver real value through a mobile
wallet. Our growing network of global partners delivers the
necessary content and features for financial institutions to
realise this future and take advantage of new revenue streams. We
are simplifying the complexity of the Mobile Money space, helping
our partners to generate new revenue streams through mobile via a
cost-effective single point of connection."
*More than half of US consumers trust their banks according to a
recent Monitise study conducted in collaboration with
Cognizant.
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.com
For further information
Monitise plc Tel: +44(0)203 657 0900
Alastair Lukies, Chief Executive
Officer
Lee Cameron, Chief Commercial
Officer
Brad Petzer, Chief Financial
Officer
Mike Keyworth, Chief Operating
Officer
Lisa Stanton, President, Americas
Investor Relations
Andrew Griffin, Haya Herbert-Burns Tel: +44(0)203 657 0366
investorrelations@monitise.com
Media Relations
Gavin Haycock Tel: +44(0)203 657 0362
Gavin.haycock@monitise.com
Canaccord Genuity
Simon Bridges Tel: +44(0)20 7523 8000
Cameron Duncan
FTI Consulting Tel: +44(0)20 7831 3113
Charles Palmer
Jon Snowball
This information is provided by RNS
The company news service from the London Stock Exchange
END
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