Monitise plc [MONI.L] welcomes the news that NYCE Payments Network will use the Monitise Americas platform to offer mobile banking and payments services to financial institutions in the United States — the first commercially available service from a U.S. debit card payments network. The news results from a signed agreement between Monitise Americas and Metavante Corporation that allows NYCE to deliver the Monitise Americas platform directly over its existing network architecture.

NYCE Payments Network, LLC, a leading U.S. debit card payments network and a division of Metavante Corporation, the banking and payments technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), connects the accounts of more than 74 million cards, with 280,000 ATMs and 1.5 million point of sale locations across the United States. Monitise Americas is a mobile banking and payments system for North America formed by the joint venture between Metavante Corporation and Monitise plc, a global leader in the provision of mobile banking and payments services.

By deploying the Monitise Americas platform, NYCE will deliver a mobile banking and payments service designed to be compatible across multiple mobile carriers, so most consumers would be able to use the service without having to switch carriers or handsets. Planned services include balance inquiries, fund transfers, mini-statements, text message alerts, and bill payments. Several financial institutions will launch services in the fourth quarter of this year.

“This innovative arrangement is one of the first to offer financial institutions mobile services that are as simple and as secure as plugging into the network,” said Steve Rathgaber, NYCE president and chief operating officer. “Offering this type of service through a single relationship with NYCE provides our financial institution participants the means to initiate mobile financial services without significant integration efforts or integration costs.”

The Monitise Americas services will be integrated into NYCE’s network services. Settlement of funds will be performed through the NYCE standard process and existing NYCE reports will reflect the new transactions.

“The ATM switch offers a trusted means of connecting customers with their accounts — now through their mobile phone,” said Lisa Stanton, executive vice president, Monitise Americas. “The consumer’s handset is individually registered with the service and protected by a unique passcode offering 24/7 protected access to essential financial information. Furthermore, the encryption helps preserve the integrity of customers’ information and transactions.”

Monitise Americas has engineered its platform specifically for the North American mobile banking and payments market, leveraging some of 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 HSBC, first direct, Alliance & Leicester, Royal Bank of Scotland, NatWest and Ulster Bank.


Contacts:
Monitise Group
Duncan McIntyre, Chairman
Alastair Lukies, CEO
Ben Evetts, Head of Communications

Tel: 020 7868 5200

Financial Dynamics
Harriet Keen
Haya Chelhot
Tel: 020 7831 3113


About Monitise Americas

Monitise Americas is a joint venture between Monitise plc (MONI.L), a specialist in mobile banking technology, and Metavante Corporation, a leading provider of banking and payments technologies to financial institutions and businesses worldwide. Monitise Americas provides mobile banking and payments 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: HSBC, first direct, Alliance & Leicester, Royal Bank of Scotland, NatWest, Vodafone, Orange, O2, T-Mobile and Hutchison 3G. For further information, see www.monitiseamericas.com.


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 company. On April 3, 2007, Marshall & Ilsley Corporation announced its plans to split Metavante Corporation and Marshall & Ilsley Corporation into independent publicly traded companies.

Metavante and NYCE are registered trademarks of Metavante Corporation


About Monitise plc

Monitise plc (MONI.L) is a specialist in mobile banking and payments technology. It has developed the world's first mobile banking ecosystem, which allows consumers to perform banking and payment transactions using a single consistent interface regardless of their choice of mobile operator or bank.

With live services in the UK, where it has delivered the MONILINK network in partnership with VocaLink, the company is currently working with international partners to deliver similar safe, secure mobile banking services in territories worldwide. Current key partners include VocaLink Interchange Network, Metavante, BT Global Services, T-Systems, HSBC, first direct, Alliance & Leicester, Royal Bank of Scotland, NatWest, Vodafone, Orange, O2, T-Mobile and Hutchison 3G.

Monitise was recognised as a 'Technology Pioneer' by the World Economic Forum in 2006; 'Mobile Innovation of the Year' by The Banker Magazine in 2007 and; awarded the Innovation in Messaging award 2007 by the Mobile Messaging Association.
www.monitise.com