Monitise Adds UK Bank to Mobile Banking Platform

Monitise has announced that MONILINK, its UK joint venture with VocaLink, has signed a contract with an unnamed UK retail bank to offer mobile banking and payment services to it customers.  The MONILINK service enables consumers to check the balance of their accounts, request mini-statements and top-up pre-pay mobile phones directly from their bank accounts from almost any location in the world. This secure service is protected by a personal passcode and any information displayed on the phone is automatically deleted.

No personal details are stored on the handset itself, ensuring that information remains completely secure, even if the handset is lost or stolen.

Alastair Lukies, CEO of Monitise, said: "Mobile banking and payments is one of the fastest growing markets globally and the UK is leading the way in this area, becoming a global showcase for what can be offered to consumers in terms of both service and security. The MONILINK service puts the consumer first by bringing banks and mobile operators together to work collaboratively."

The service is currently available to customers of Alliance & Leicester, first direct, HSBC, Royal Bank of Scotland, NatWest and Ulster Bank.

Posted to the site on 9th June 2008