Mobile payments provider Monitise has partnered with DeviceFidelity to add support for Visa payWave contactless transactions to its Mobile Money Manager technology platform, used by 250 financial institutions around the world.
Monitise’s platform enables financial institutions to offer their customers access to a wide range of services on their mobile phone, including mobile payments, balances inquiries, mini statements, bill payment and funds transfers.
“This marks an important milestone for the mobile payments market as instant, convenient, and secure mobile payments rapidly move towards becoming a reality,” says Lisa Stanton, executive director of global alliances for Monitise. “Demand for our mobile money platform is at an all time high, and integrating capability such as that provided by a proven innovator like DeviceFidelity will allow Monitise to significantly enhance how consumers can use their mobile phones to make purchases and manage their finances.”
Monitise and DeviceFidelity “are actively engaged in piloting the solution with a major financial institution in the US,” says the company, and a full commercial rollout of the technology will follow completion of the pilot.