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Monitise Americas Now Provides Mobile Money Services to over 150 Financial Institutions

Monitise Americas, the Mobile Money specialist, today announced over 50 financial institutions have now signed up for its full service solution, which consists of real-time balance inquiries, mini-statements, account transfers, bill payments, same-day payments and more, delivered by a downloadable application, iPhone app or a secure browser.

A further 100 financial institutions have signed up for its text services, which include weekly balance texts and account updates delivered via SMS.

These financial institutions are accessing the Mobile Money Manager solution through their relationships with FIS™, one of the world’s largest providers of banking and payments technology, and NYCE, a leading U.S. electronic payments provider and an FIS company.

Consumers are upgrading their cell phones roughly every 18 months, and, increasingly, they are switching from basic handsets that handle mainly voice and text to sophisticated smartphones, such as iPhones and BlackBerry devices. According to a recent Javelin report, 52 percent of the population will opt for a smartphone by 2014, and iPhone owners currently represent the largest segment of mobile banking users1. Monitise Americas recently announced that it now covers more than 2000 different types of handsets, meaning that its financial institution partners are perfectly positioned to support their customers now and in the future as smartphone ownership becomes more mainstream.

“We are delighted with our progress”, said Soren Bested, managing director, Monitise Americas. “A key factor in our success has been the ability to provide services to customers on any mobile network and any handset. We built our technology with the changing needs of the end-user in mind. A customer can sign up for text message banking with their flip phone and then seamlessly upgrade to the full-service application without having to re-register. It’s the first truly intelligent “triple-play” mobile financial product.”

About Monitise Americas

Monitise Americas is a joint venture between FIS, a leading provider of banking and payments technologies to financial institutions and businesses worldwide and Monitise plc (MONI.L), a specialist in mobile banking technology. Monitise Americas provides mobile banking and payment 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. For more information on Monitise Americas and details of how to benefit from participating in its cross-America ecosystem, please visit http://www.monitiseamericas.com.

1 2009 Mobile-Banking and Smartphone Forecast: Essential Strategies for a Fast-Growing, Evolving Market Adoption (Javelin Strategy & Research, September 2009)

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