Monitise reveals results of working with Visa & RBS

Rating: What’s in the pipeling with Visa sounds more exciting

Mobile banking software specialist, Monitise, has made a number of announcements concerning the spread of its software in conjunction with its banking partners. One of them has been the results of collaboration with Visa to enhance its issuer processing platform, Visa DPS, to offer mobile services. Visa claims these can be accessed via any mobile device, any mobile channel, and with any eligible debit, credit or prepaid account. The other announcement covers the results of its partnership with RBS Group Technology Services. This has enabled RBS and NatWest to launch new mobile business banking apps. Basically, the group has been able to release a news iOS version of its banking app via the Apple iTunes App store.Using the app, RBS/NatWest business customers can now track and monitor multiple bank accounts – this allows entrepreneurs to view their full account portfolios.

The app also enables users to check their balances; view transactions; and make intra-account transfers.

Additionally a ‘near me’ function provides addresses and opening hours of the nearest RBS or NatWest branch.

Back in 2011, Monitise developed a range of new smartphone apps for RBS and NatWest that included a new app built specifically for the iPad

Monitise says this was the first banking apps for an iPad from a high-street UK bank. Banking apps for Blackberry and Android have also been previously launched.

Lisa Stanton, general manager for Monitise North America revealed that, “The launch of mobile services offered by Visa DPS is a great win for financial institutions in North America eager to utilize the mobile channel to serve their customers.”

John Partridge, Visa’s president, explained, “The services offered by Visa DPS are a one-stop solution for Visa clients who want to serve their customers through the mobile channel without making significant investments in hardware, software or mobile expertise.”

The pair claim that in the pipeline are additional services such as mobile check deposit; mobile (NFC) payments; mobile offers; and support for V.me by Visa, Visa’s digital wallet.

Alastair Lukies, Monitise’s CEO, claimed, “We are laying deeper foundations with our partners and clients as they position themselves for an increasingly mobile future and we are excited by the apps that we are helping them bring to market.”