INGATE

From The Sip Trunking Experts

TMCNet:  Intuit and Monitise Intent on Mobilizing Mint for Banks

[December 11, 2012]

Intuit and Monitise Intent on Mobilizing Mint for Banks

(Marketwire Via Acquire Media NewsEdge) LONDON -- (Marketwire) -- 12/11/12 -- Intuit Inc. (NASDAQ: INTU) and Monitise (LSE: MONI) announce they are exploring the delivery of new mobile solutions that will help businesses and consumers better manage their money on the go. The two companies share a common mission to simplify the financial lives of consumers and small businesses through the mobile channels of financial institutions of all sizes.


Monitise and Intuit Financial Services are collaborating to forge a strategic alliance focused on delivering Mint to financial institutions through Monitise's Enterprise technology platform. Mint is a leading personal and small business financial management solution designed to help people manage all of their finances in one place.

The companies also plan to work collaboratively to identify additional joint opportunities, including the possibility of Intuit enhancing its mobile banking suite by leveraging Monitise's mcommerce and mpayment solutions. Monitise serves a rapidly growing client base and more than 18 million registered consumers. The alliance is intended to be global, with an initial focus on Europe and the United States.

Intuit and Monitise both deliver mobile services that are affordable, cost-effective and scalable for businesses and financial institutions, including banks and credit unions of any size. The collaboration between the two companies comes as more than 60 percent of the world's banking customers are expected to use mobile banking and payments by 2015, according to Capgemini's 2012 World Retail Banking Report.

"Whether at work, home or on the go, people are increasingly using a multitude of devices to get the personalized financial insights they need to make better financial decisions and take action," said CeCe Morken, general manager of Intuit Financial Services and senior vice president of Intuit. "Working with Monitise could provide even more consumers and small businesses access to these capabilities on the device of their choice, through the partner of their choice, consistent with our open platform strategy. Together we hope to solve a wider array of specific customer challenges and, ultimately, help financial institutions delight their customers." Customers of more than 500 U.S. banks and credit unions actively use Intuit's existing mobile web, SMS and downloadable app solutions, while Monitise provides Mobile Money services to more than 300 financial institutions and partners, including a third of the top 50 North American financial institutions.

"The way we are empowered to better manage our money at a corporate and personal level via the always-on, always-with-you power of smartphone technology is transformational in so many ways," said Alastair Lukies, Monitise Group Chief Executive.

"At Monitise, our globally-established platform is leveraging our proven and bank-grade technology as a gateway to connect businesses and consumers to each other. We have a vision of a whole new generation of services tapping into the potential for mobile to assist consumers' financial decisions as they go about their busy lives. Intuit's financial management software is world-renowned, and we hope to work together on new initiatives that will make managing money more cost effective in so many ways," Lukies said.

About Intuit Inc.

Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation offerings for professional accountants.

Intuit Financial Services helps banks and credit unions grow by providing on-demand solutions and services that make it easier for consumers and businesses to manage their money.

Founded in 1983, Intuit had annual revenue of $4.15 billion in its fiscal year 2012. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com.

Intuit Inc. Contacts: Tobin Lee Media Relations (PT) tobin_lee@intuit.com (818) 436-8384 Or Heather Almand (ET) heather_almand@intuit.com (770) 349-1217 Matt Rhodes Investor Relations matthew_rhodes@intuit.com (650) 944-2536 About Monitise Monitise plc (LSE: MONI) is a leading technology and services company that delivers mobile banking, payments, and commerce networks worldwide. Monitise enables financial institutions and other payments companies to defend and extend their market position by protecting their existing customer relationships and transactions while enabling new forms of mobile commerce revenue.

Monitise powers bank-grade solutions that are delivered on premise, or via cloud services. The value of payments and transfers initiated via Monitise's technology platform is more than US$25bn on an annualised basis. Monitise has a global reach and unique set of partners and clients using its completely adaptable platform. More information is available at www.monitise.com.

Add to Digg Bookmark with del.icio.us Add to Newsvine Contacts: Monitise Group Gavin Haycock Media Relations Tel: +44 (0) 20 7947 4156 Gavin.haycock@monitise.com Haya Herbert-Burns Investor Relations Tel: +44 (0) 20 7947 4928 Haya.herbert-burns@monitise.com Monitise Americas Kate Reed LaunchSquad Tel: +1. 415 625 8555 monitise@launchsquad.com Monitise plc Duncan McIntyre Chairman Alastair Lukies Chief Executive Officer Lee Cameron Chief Commercial Officer Mike Keyworth Chief Operating Officer Canaccord Genuity Limited (NOMAD) Tel: +44 (0) 20 7523 8000 Simon Bridges Cameron Duncan FTI Consulting Tel: +44 (0) 20 7831 3113 Charles Palmer Jon Snowball Source: Monitise plc

[ Back To SIP Trunking Home's Homepage ]

Loading
Subscribe here for your FREE
SIP TRUNKING enewslettter.

Featured Partner


Featured Whitepapers

SIP Security for the Enterprise
Voice over IP (VoIP) is incorporated into a variety of computer networks, both public and private, and used for everyday transactions and communications among carriers, businesses, government agencies...

Making A Broadband Purchase Decision
Businesses today have many options for broadband connectivity. Clarifying your particular business needs prior to selecting a broadband provider will ensure an optimal match of broadband service to your requirements.

Voice-Optimized Network Delivers Premier Call Experience
Customers equate call quality with business quality. Real-time communication, interpersonal interaction, and the cordial tone of a call center representative can create a positive impression of your business that no email can match.

Featured Case Studies

Business Telecom Expenses Reduced 50%
A small to medium sized company in the midwest was interested in migrating to IP Communications, but in today's economy, they were hesitant to upgrade their communication system due to their perception that the cost would outweigh the benefits.

Multi-State Company Cuts Telecom Costs 50%
A multi-site, multi-state company with extensive monthly long distance fees and toll-free charges did not have adequate broadband for Broadvox SIP Trunking requirements, nor did they have a SIP enabled telephone system.

Discover Leisure Connects Remote Users to its IP-PBX
Discover Leisure is one of the largest resellers of caravans and motor homes in the UK. With 15 branch of?ces all over the country, the company spent a great deal of money every month just on internal phone calls.

Featured eBOOKS

Internet+: The Way Toward Global Unified Communication
Connecting the telephony of the enterprise PBX or Unified Communications (UC) system using SIP trunks instead of conventional telephone lines has been very successful in recent years.

What is SIP Trunking? Edition 2
SIP trunking is becoming more of a focus for service providers. One key issue many service providers face when deploying SIP trunks is NAT, or Network Address Translation, traversal.

What is SIP Trunking? Edition 1
A vast resource for information about all things SIP - including SIP, security, VoIP, SIP trunking and Unified Communications.

Featured Videos

Broadvox VAR Testimonial VAR 1:
Part 1 of the VAR (Value Added Reseller) Partner Program Testimonials for Broadvox...

E-SBCs AS The Demarcation Point:
Ingate's Steve Johnson talks to Erik Linask about the role session border controller plays as the demarcation point at...

Demystifying DPI
How can deep packet inspection protect your SIP traffic as well as your entire network?

Featured Resources

Partner Program Overview:
Over 4,000 VARs, Master Agents, Solution Providers, and Independent IT Professionals trust Broadvox. We offer customized services and solutions to fit seamlessly into any company's business model. And when you partner with Broadvox, every member of our team stands behind you and your customers 100%...

SIP Trunk UC Summit

What's New

Presenting the New Ingate/Intertex Website:
Internet+ is an extended Internet access allowing high quality SIP (Session Initiation Protocol) based real-time person-to-person communication, everywhere and for any application. It applies to both fixed and mobile networks ...

Featured Blogs

Featured Webinars

Secure SIP Trunking:
What You Need to Know

Successfully Deploying Enterprise SIP Trunking:
Tools and Techniques for Overcoming Common Roadblocks

Featured Podcasts

Getting the Most Out of Your SIP Trunks:
Ingate's Steve Johnson and TMC's Erik Linask discuss how best practices forgetting the most out of SIP Trunking services and common pitfalls to avoid.

Featured Datasheets

Ingate SIParator E-SBCs
Adopting SIP is a simple process with the Ingate SIParator, the secure enterprise session border controller (E-SBC). The SIParator makes secure SIP communications - including VoIP,SIP trunking and more - possible while working seamlessly with your existing network firewall.

Ingate Firewalls
Everyone is talking about enterprise usage of VoIP, instant messaging and other types of realtime communications including presence and conferencing.

SIP Trunk Solutions for Service Providers
The award-winning Ingate Firewall and Ingate SIParator deliver a high quality, reliable SIP trunk connection between the customer's IP-PBX and the service provider network, and solve interoperability issues to simplify deployments and support for remote diagnosis of reported issues.