BMO, Monitise Extend Mobile-Money Pact

Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+

BMO Financial Group's Bank of Montreal is working with Monitise PLC to develop mobile money services based on Monitise's technology.

The partnership, which the companies announced last week, extends an agreement the bank entered in 2010 with Clairmail, which Monitise bought this year.

"We are extremely pleased with the response we've seen to our mobile banking and payments services so far and, with the support of Monitise and its technology platform, we look forward to delivering more innovative solutions across this space and beyond," said Andrew Irvine, senior vice president at BMO Bank of Montreal, in a press release.

Monitise will work with the bank on its smartphone apps, mobile websites and text-based banking services.

"We are delighted to be supporting BMO Bank of Montreal via our platform capabilities and network connections," said Frank D'Angelo, president of Monitise Americas, in the release.

JOIN THE DISCUSSION

SEE MORE IN

'Dodd-Frank Is Like the TSA': Comments of the Week
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

(Image: iStock)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.