Monitise has launched a white-labelled mobile payments service pitched at banks, mobile operators and acquirers.

Monitise mPOS has been launched to help financial institutions offer a competitive proposition for merchants. It can be integrated into existing mobile applications, and alongside mPOS card acceptance, and offers a number of additional features including real-time bank reconciliation, cash flow management and an overview of recent transactions. Alternatively, it can be delivered as an independent solution and rebranded for any financial institution, acquirer or distribution partner. It caters for chip and PIN, chip & signature or swipe payment methods and can be integrated with the Monitise Enterprise Platform, and its technology which enables consumers to bank, pay and buy via their mobile. The service works with a Bluetooth connected card reader and has the ability to access integrated partner systems in conjunction with all major smartphones and tablets.

Monitise chief commercial officer Lee Cameron comments: “While mobile is changing the payments market, mPOS is a fast-growing area within the payments ecosystem and financial institutions are ideally placed to capitalise on it. In order to do this they must build upon existing revenues and relationships and offer a competitive proposition to merchants, which can be scaled easily to meet future business and consumer needs. Monitise mPOS is a complete solution that stretches beyond basic card acceptance which is – whilst a vital part of an mPOS offering – only one piece of the puzzle. It is a gateway to a fundamental shift in how merchants can service their customers. Our roadmap for merchants goes so far beyond just mPOS, incorporating value-added features to address different business needs such as proximity payments, geo-location services, mobile quotes and invoicing, offers and loyalty, till and stock management, person-to-person payments and more.”

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