NYCE Plans to Begin Offering Mobile Payments

SECAUCUS, N.J. – NYCE Payments Network said it will begin offering mobile banking and payments services to financial institutions, saying it will be the first commercially available service from a U.S. debit card payments network. Monitise Americas and Metavante Corp. have signed an agreement through which NYCE will deliver the Monitise Americas platform directly over its existing network architecture. Monitise Americas is a mobile banking and payments system for North America formed by the joint venture between Metavante Corp. and Monitise plc, a provider of mobile banking and payments services. NYCE said it will deliver the mobile banking and payments service across multiple mobile carriers, so most consumers would be able to use the service without having to switch carriers or handsets. Planned services include balance inquiries, funds transfers, mini-statements, text message alerts and bill payment. It said several financial institutions will launch services beginning in the fourth quarter of this year.