Monitise PLC MONI Co-op Bank selects Monitise for mobile banking

  Monitise PLC (MONI) - Co-op Bank selects Monitise for mobile banking

RNS Number : 8510F
Monitise PLC
21 June 2012
 



June 21, 2012                                
                                       

 

                                       

 The Co-operative Bank selects Monitise to launch UK mobile banking services

 

Monitise plc (LSE: MONI.L), the global  leader in Mobile Money solutions,  has 
been selected to  provide mobile  banking to The  Co-operative Bank's  account 
holders as part of a three-year deal.

 

The service, which has just gone live spans smartphone apps and SMS alerts, is
available to all  customers of The  Co-operative Bank who  are registered  for 
internet banking, and all Smile account holders.

 

The  smartphone  app  lets  customers  check  their  balance  or  access  mini 
statements for multiple accounts, find cashpoints and branches and set up high
and low balance alerts and weekly SMS balance updates. Users can call  support 
staff with questions, technical problems or lost or stolen cards.  The app  is 
initially available on iPhone, with further versions set to follow.

 

Customers who do  not have smartphones  can benefit from  the SMS-only  mobile 
banking service that enables  them to register for  and manage weekly  balance 
alerts and set  up messages  to let  them know  when their  balance reaches  a 
specific amount. 

 

Monitise Group Chief Executive Alastair Lukies said: "The Co-operative  Bank's 
mobile banking service provides an easy and quick way for customers to stay on
top of their financial affairs when they  are on the move. Mobile has  emerged 
as the most engaging and efficient way to reach new and existing customers, so
we are delighted to develop and deliver The Co-operative Bank's new service."

 

 

About Monitise

 

Monitise plc (LSE:  MONI.L) is  a technology and  services company  delivering 
mobile banking,  payments  and commerce  networks  worldwide with  the  proven 
technology and expertise  to enable financial  institutions and other  service 
providers to offer a  wide range of services  to their customers in  developed 
and emerging markets.

 

With live services in the UK, the US, India and Africa, the company is working
with international  partners  to extend  trusted  and secure  mobile  banking, 
payment and commerce services in territories worldwide, including Europe, Asia
Pacific and  Latin America.   Monitise has  strategic partnerships  with  Visa 
Inc., Visa Europe,  RBS Group  and  FIS. Other  leading partners  and  clients 
include  HSBC,  Lloyds  Banking  Group,  First  Direct,  U.S.  Bank,  Standard 
Chartered Bank,  Travelex, Vocalink,  Vodafone, Orange,  O2, T-Mobile,  3  UK, 
Research In Motion, Best  Buy Europe, The  Carphone Warehouse, First  Eastern, 
Astra International, JETCO and PCCW mobile.

 

More information is available at www.monitisegroup.com.

 

 

About The Co-operative Banking Group

 

The Co-operative  Banking Group,  is  the banking  and  insurance arm  of  The 
Co-operative Group, which is  the UK's largest mutual  business, owned not  by 
private shareholders but by over six million consumers.

 

The Co-operative Group  has 4,800  retail trading outlets,  employs more  than 
100,000 people, and has an annual turnover of more than £13bn.  

 

It is the  UK's fifth  biggest food  retailer, the  leading convenience  store 
operator and a major financial  services provider, operating The  Co-operative 
Bank, Britannia and The Co-operative Insurance. Among its other businesses are
the number one funeral services provider and one of Britain's largest  farming 
operations.

 

The Co-operative Banking  Group is  one of  the largest  and most  diversified 
mutual businesses operating in both retail  and corporate markets. As part  of 
The Co-operative Group, the  business is characterised  by its unique  ethical 
and member reward policies and very high levels of customer advocacy.

 

The Co-operative Banking  Group has almost  £50 billion in  assets, more  than 
11,000 staff  and  nine  million  customers.  It  has  over  300  high  street 
branches, 220 corporate  banking centres  and major  presences in  Manchester, 
Leek, London, Plymouth, Skelmersdale and Stockport.  

 

It is the only mutual organisation that enables its members to earn  financial 
rewards for the products they hold, as well as giving them the opportunity  to 
have a say in how the business is run.

 

 

Contacts:

 

Monitise Group 
Gavin Haycock, Media Relations           Tel:  +44 (0) 20 7947 4156

Gavin.haycock@monitisegroup.com           
Haya Herbert-Burns, Investor Relations   Tel: +44 (0) 20 7947 4928

Haya.herbert-burns@monitisegroup.com      
Monitise Group Executive Team
Alastair Lukies, Chief Executive Officer
John Brougham, Chief Financial Officer
Lee Cameron, Chief Commercial Officer
Mike Keyworth, Chief Operating Officer
Frank D'Angelo, President, Americas
Canaccord Genuity Limited (NOMAD)        Tel: +44 (0) 20 7050 6500
Simon Bridges
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
 
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MSCPGUBWQUPPUMG -0- Jun/21/2012 08:00 GMT