Enabling Technologies

Monitise Partners with MoneyPass Network to bring Mobile Money & Card Control Services

MEDICI

Monitise, a prominent player in Mobile Money solutions, announced today that it has partnered with the MoneyPass Network to offer a range of advanced Mobile Money services and card control capabilities to card issuers in the United States. 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 cardholders are looking for easy, straightforward ways to manage their money. Mobile is a critical channel to help meet this need,” said Troy Cullen, President of Elan, in an official press release. “Through our participating financial institutions, we want to give cardholders access to a premium mobile card services experience that is both easy to use and secure.”

In addition to core mobile card services, Monitise will enable mobile security and fraud alerts for cardholders of participating institutions to provide immediate notification when an account may be at risk. This allows cardholders to proactively monitor and manage their accounts.

Mike Dreyer, President, Americas at Monitise, said in an official press release: “Thanks to mobile, the way that consumers are interacting with their financial institutions has transformed from just a few years ago. The level of engagement through mobile is staggering - users of Monitise-based mobile banking services often log in daily. Part of the reason this is so high comes down to trust, and we are looking forward to providing MoneyPass cardholders with greater access to mobile banking services on a platform they can rely on.”

MoneyPass is a network operated by Elan Financial Services, one of the nation’s leading providers of comprehensive ATM and debit card processing solutions for financial institutions and Independent Sales Organizations (ISOs).  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. With more than 1,600 participating organizations and 80 million active cards, MoneyPass is a rapidly growing surcharge-free network whose emphasis is on cost-efficient membership options, flexible terms and accessible locations. MoneyPass cardholders can easily locate MoneyPass ATMs by accessing the online ATM locator.

MEDICI Team

MEDICI

MEDICI Team is a group of content writers, bloggers, journalists, researchers, and editors from the MEDICI team who collaborate to create FinTech insights.

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