Monitise announces partnership with MoneyPass to offer mobile card services

Monitise has announced its partnership with the MoneyPass Network to offer Mobile Money services.

Monitise, a UK-based global Mobile Money solutions provider, has announced its partnership with the MoneyPass Network, an Elan Financial Services operated network, to offer Mobile Money services and card control capabilities to card issuers in the US.

Monitise will endow MoneyPass Mobile users with a range of capabilities including core mobile banking services comprising balance checks and transfers, and advanced services like mobile check deposit and cardholder-managed security controls.

The scalable, cloud-based platform of Monitise will enable mobile security and fraud alerts for cardholders of participating institutions, allowing them to proactively monitor and manage their accounts.

Monitise Americas president Mike Dreyer said: “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.”