
Monitise plc (LSE:MONI.L) welcomes the news that Everlink Payment Services, a leading provider of electronic transactions and payments services to the Canadian Financial Services marketplace, today announced that it has partnered with Monitise Americas, LLC, a leading mobile banking and payments service provider. Everlink will offer the Monitise Americas mobile banking platform to financial institutions throughout Canada, including 375 credit unions, several domestic and foreign subsidiary banks and Independent Service Organizations (ISO's).
By working with Monitise Americas, Everlink plans to deliver the first commercially available mobile banking and payments service in Canada. Consumers would have access to the Monitise Americas platform through Everlink's existing network architecture that provides switching services to Canadian banks and over 90 percent of the national credit union system. Similar to its planned affiliation with Everlink, Monitise Americas has already successfully deployed its solution in the United States through the NYCE Payments Network, LLC, a leading U.S. ATM and PIN-debit network.
"We believe that we are in a unique position to pioneer a mobile banking technology solution in Canada and bring Canadians the added convenience of banking on-the-go," said Mark Ripplinger, president of Everlink. "With the strong roots Monitise has in both the U.S. and U.K, we anticipate a streamlined integration process and quick rollout to customers."
By deploying the Monitise Americas platform, financial institutions throughout Canada would be able to deliver a mobile banking and payments service designed to be compatible across multiple wireless carriers. End users would be able to check their account balances, view recent transactions, transfer funds and receive text message alerts. Future planned services include bill payment and person-to-person payments.
"We're building towards our goal of expansion throughout North America," said Lisa Stanton, CEO of Monitise Americas. "We're looking forward to partnering with Everlink and introducing our solution to a new marketplace."
Monitise Americas has experienced rapid growth since it launched in the fall of 2007. Over 30 financial institutions and prepaid card issuers in the U.S. have already chosen to work with Monitise Americas - all at various stages of deployment.