Monitise and Card Services for Credit Unions® Partner to Provide Mobile Money Solutions to Credit Unions

TAMPA, Fla. (September 4, 2013) Monitise a global leader in Mobile Money solutions, today announced a partnership with Card Services for Credit Unions® that will enable Card Services for Credit Unions® to offer Monitise’s premier mobile banking solution as part of its suite of products for more than 2,600 member credit unions.

With this new strategic partnership, Card Services for Credit Unions® further expands its mobile banking solutions portfolio to include Monitise’s Bank Anywhere solution, adding more value to its member cardholder experience. Bank Anywhere offers innovative mobile banking capabilities, which will enable Card Services for Credit Unions® member credit unions to provide a highly-differentiated mobile experience and drive ongoing member interactions.

“Card Services for Credit Unions® is committed to providing our credit unions with the leading tools and services that their members need, and that includes offering world-class, ‘next generation’ mobile banking solutions,” said Robert Hackney, president of Card Services for Credit Unions®. “The Monitise solution will empower our credit unions to benefit from high levels of engagement in order to maintain member loyalty, acquire new members, grow revenue and combat the growing threat of disintermediation.

"Financial institutions are progressively being judged on their technological innovation, and those that fail to differentiate their mobile solutions risk losing market share and revenue opportunities," said Lisa Stanton, President of Americas at Monitise. "We are thrilled to be collaborating with Card Services for Credit Unions® on delivering the most advanced array of mobile banking capabilities to its extensive network of member credit unions.”

More than 350 financial institutions and over 23 million consumers worldwide currently leverage the Monitise solution and its suite of Bank Anywhere, Pay Anyone and Buy Anything products.