SECAUCUS, N.J. - NYCE Payments Network has announced it will offer mobile banking and payments services to financial institutions. Monitise Americas and Metavante Corporation have signed an agreement through which NYCE will deliver the Monitise Americas platform directly over its existing network architecture.
The Monitise Americas services will be integrated into NYCE's network services. Settlement of funds will be performed through the NYCE standard process and existing NYCE reports will reflect the new transactions.
NYCE Payments Network LLC is a U.S. debit card payments network and a division of Metavante Corp., the banking and payments technology subsidiary of Marshall & Ilsley Corp.
"This innovative arrangement is one of the first to offer financial institutions mobile services that are as simple and as secure as plugging into the network," said Steve Rathgaber, NYCE president and chief operating officer. "Offering this type of service through a single relationship with NYCE provides our financial institution participants the means to initiate mobile financial services without significant integration efforts or integration costs."
