London-based Monitise has partnered with the MoneyPass Network to offer a range of advanced Mobile Money services and card control capabilities to card issuers in the U.S. The MoneyPass Network is operated by Elan Financial Services, a division of U.S. Bank.
Monitise will be delivering a range of capabilities to MoneyPass Mobile users, including core mobile banking services such as balance checks and transfers, as well as more advanced services like mobile check deposit and cardholder-managed security controls. The scalable, cloud-based platform provided by Monitise will enable MoneyPass issuers to offer mobile money services rapidly, easily and securely.
MoneyPass provides surcharge-free access to MoneyPass cardholders at more than 24,000 ATMs across the United States, allowing cardholders to access their money where they live, work and travel. The network has more than 1,600 participating organizations and 80 million active cards.
More than 30 million users have registered for Monitise’s patented technology to ‘bank anywhere’, ‘pay anyone’ and ‘buy anything’, accounting for $88bn of payments, purchases and transfers annually. Additionally, apps designed by the Group’s Monitise Create and MEA divisions have been downloaded 30 million times.
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