City Announcements
Morse welcomes HSBC announcement regarding mobileATM™’s MoniLink network
Morse plc ("Morse" or "the Group"), the consulting, technology and support company, welcomes the announcement today from HSBC Bank plc that HSBC and First Direct will be the first banks to offer customers the next generation of mobile phone banking later this year, when their services go live on the MoniLink network. MoniLink is the secure mobile banking network developed by mobileATM™, Morse’s joint venture with LINK Interchange Network. Commenting on the announcement, Duncan McIntyre, Chief Executive of Morse, said: "mobileATM™ continues to develop well and we are very pleased to see this announcement from HSBC, one of the worlds largest banks, which is bringing the MoniLink service to its customers. Our business model is an inclusive one which involves the service being used by multiple banks and we are delighted by not only HSBC’s exciting announcement, but also by the increasing levels of activity and interest from other banks. We are also encouraged by the progress of our international franchise model and have a number of partners interested in developing equivalent networks to MoniLink in their local territory, as well as the increasing interest in using second factor authentication over the mobile device in the broader commercial market." Contacts: Giles Sanderson
Duncan McIntyre, Chief Executive
Stuart Cruickshank, Group Finance Director
Morse plc Tel: 020 8380 8000
Harriet Keen
Financial Dynamics Tel: 020 7831 3113