Intuit and Monitise Intent on Mobilizing Mint for Banks

Intuit and Monitise Intent on Mobilizing Mint for Banks 
Companies Exploring Relationship to Pair Intuit's Business and
Financial Management Capabilities With Monitise's Mobile Technology
LONDON -- (Marketwire) -- 12/11/12 --  Intuit Inc. (NASDAQ: INTU) and
Monitise (LSE: MONI) announce they are exploring the delivery of new
mobile solutions that will help businesses and consumers better
manage their money on the go. The two companies share a common
mission to simplify the financial lives of consumers and small
businesses through the mobile channels of financial institutions of
all sizes. 
Monitise and Intuit Financial Services are collaborating to forge a
strategic alliance focused on delivering Mint to financial
institutions through Monitise's Enterprise technology platform. Mint
is a leading personal and small business financial management
solution designed to help people manage all of their finances in one
The companies also plan to work collaboratively to identify
additional joint opportunities, including the possibility of Intuit
enhancing its mobile banking suite by leveraging Monitise's mcommerce
and mpayment solutions. Monitise serves a rapidly growing client base
and more than 18 million registered consumers. The allian
ce is
intended to be global, with an initial focus on Europe and the United
Intuit and Monitise both deliver mobile services that are affordable,
cost-effective and scalable for businesses and financial
institutions, including banks and credit unions of any size. The
collaboration between the two companies comes as more than 60 percent
of the world's banking customers are expected to use mobile banking
and payments by 2015, according to Capgemini's 2012 World Retail
Banking Report. 
"Whether at work, home or on the go, people are increasingly using a
multitude of devices to get the personalized financial insights they
need to make better financial decisions and take action," said CeCe
Morken, general manager of Intuit Financial Services and senior vice
president of Intuit. "Working with Monitise could provide even more
consumers and small businesses access to these capabilities on the
device of their choice, through the partner of their choice,
consistent with our open platform strategy. Together we hope to solve
a wider array of specific customer challenges and, ultimately, help
financial institutions delight their customers." 
Customers of more than 500 U.S. banks and credit unions actively use
Intuit's existing mobile web, SMS and downloadable app solutions,
while Monitise provides Mobile Money services to more than 300
financial institutions and partners, including a third of the top 50
North American financial institutions. 
"The way we are empowered to better manage our money at a corporate
and personal level via the always-on, always-with-you power of
smartphone technology is transformational in so many ways," said
Alastair Lukies, Monitise Group Chief Executive. 
"At Monitise, our globally-established platform is leveraging our
proven and bank-grade technology as a gateway to connect businesses
and consumers to each other. We have a vision of a whole new
generation of services tapping into the potential for mobile to
assist consumers' financial decisions as they go about their busy
lives. Intuit's financial management software is world-renowned, and
we hope to work together on new initiatives that will make managing
money more cost effective in so many ways," Lukies said. 
About Intuit Inc. 
Intuit Inc. is a leading provider of business and financial
management solutions for small and mid-sized businesses; financial
institutions, including banks and credit unions; consumers and
accounting professionals. Its flagship products and services,
including QuickBooks(R), Quicken(R) and TurboTax(R), simplify small
business management and payroll processing, personal finance, and tax
preparation and filing. ProSeries(R) and Lacerte(R) are Intuit's
leading tax preparation offerings for professional accountants.  
Intuit Financial Services helps banks and credit unions grow by
providing on-demand solutions and services that make it easier for
consumers and businesses to manage their money. 
Founded in 1983, Intuit had annual revenue of $4.15 billion in its
fiscal year 2012. The company has approximately 8,000 employees with
major offices in the United States, Canada, the United Kingdom, India
and other locations. More information can be found at 
Intuit Inc. Contacts: 
Tobin Lee
 Media Relations (PT) 
(818) 436-8384
Heather Almand (ET) 
(770) 349-1217 
Matt Rhodes
 Investor Relations 
(650) 944-2536  
About Monitise 
Monitise plc (LSE: MONI) is a leading technology and services company
that delivers mobile banking, payments, and commerce networks
worldwide. Monitise enables financial institutions and other payments
companies to defend and extend their market position by protecting
their existing customer relationships and transactions while enabling
new forms of mobile commerce revenue. 
Monitise powers bank-grade solutions that are delivered on premise,
or via cloud services. The value of payments and transfers initiated
via Monitise's technology platform is more than US$25bn on an
annualised basis. Monitise has a global reach and unique set of
partners and clients using its completely adaptable platform. More
information is available at 
Monitise Group
Gavin Haycock
Media Relations
Tel: +44 (0) 20 7947 4156 
Haya Herbert-Burns
Investor Relations
Tel: +44 (0) 20 7947 4928 
Monitise Americas
Kate Reed
Tel: +1. 415 625 8555 
Monitise plc 
Duncan McIntyre
Alastair Lukies
Chief Executive Officer 
Lee Cameron
Chief Commercial Officer 
Mike Keyworth
Chief Operating Officer 
Canaccord Genuity Limited (NOMAD)
Tel: +44 (0) 20 7523 8000
Simon Bridges
Cameron Duncan 
FTI Consulting
Tel: +44 (0) 20 7831 3113
Charles Palmer
Jon Snowball 
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