November 18, 2008
LAS VEGAS, NV & PROVIDENCE, RI, November 18, 2008 - eCommLink, Inc., a leading value added prepaid processor, and Monitise Americas, LLC, the mobile money experts, today announced that they are working together to jointly offer mobile money applications to the prepaid debit card industry.
"The mobile phone is the perfect way for people to manage their prepaid card accounts and eCommLink's leadership and innovation makes it the perfect partner for us as we expand in this industry," stated Lisa Stanton, Chief Executive Officer, Monitise Americas.
Together, the companies will market prepaid debit cards that are closely integrated with a cardholder's mobile phone. This will allow customers to manage their cards, reload their accounts, pay bills, transfer money to another person and make international remittances directly from the mobile handset, regardless of the carrier or financial institution involved.
"We have been at the forefront of the mobilization of the prepaid debit industry since the beginning. As such, we are committed to providing our clients access to best in class mobile solutions and Monitise definitely fits that bill," stated T. Jack Williams, Chief Executive Officer, eCommLink.
Working together, the companies will provide white label solutions to eCommLink's program management and banking clients. Clients can select from either a SMS based interface or a simple to use, easy to download mobile application to allow cardholders to manage their prepaid accounts and perform transactions on the go.
eCommLink, Inc. (www.ecommlink.com) enables program managers and financial institutions to maximize revenue from their prepaid debit programs. The Company’s flexible prepaid processing platform, innovative features and industry experience allows clients to create customized prepaid programs for their specific markets while ensuring quality, security and time to market. eCommLink supports the full array of prepaid debit programs, including general spend, payroll, teen, gift, travel, government and loyalty cards.
Monitise Americas (www.monitiseamericas.com) is a joint venture between Metavante Corporation, 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. 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, Lloyds TSB, Alliance & Leicester, Royal Bank of Scotland, NatWest, Vodafone, Orange, O2, T-Mobile and Hutchison 3G. Metavante Corporation is the principal subsidiary of Metavante Technologies, Inc. (NYSE:MV).
