Articles about Monitise


Cash-bleeding Monitise waves goodbye to chief exec

Struggling British software banking biz Monitise has waved goodbye to its chief exec after more than trebling losses for the full year 2015, compared with more modest profit leakage last year. The firm reported revenue of just under £90m for the period, down six per cent on the previous period. Losses ballooned year-on-year to …
Kat Hall, 09 Sep 2015

Visa mobilises its money out of mobile money firm Monitise

Once a stock market darling, mobile money expert Monitise is to lose Visa Europe as a major shareholder. The finance multinational has announced that it will “reduce its shareholding over time”. Visa Europe has steadily bought into Monitise, spending £2.1m in August 2012 when shares were around 30p, £15.6m in August 2013 when …
Simon Rockman, 08 Jul 2015
Bank vault

Banks defend integrity of passcode-less TouchID login

Royal Bank of Scotland and NatWest have played down claims by a security researcher that their new Touch ID banking login feature might be circumvented, arguing the hack would only be possible with jail-broken iPhones — the use of which is not recommended. Last month, RBS and NatWest became the first UK-based banks to offer …
John Leyden, 19 Mar 2015

'Watson AI, cloud, mobile', says payments firm, trousering £49m

Mobile payments company Monitise has raised £49m via partners Telefonica, Santander and MasterCard to invest in global payments tech. The company said it will use IBM's cognitive computing engine, Watson, to support its "cloud-based mobile commerce" applications, which it intends to flog to businesses across the world. …
Kat Hall, 27 Nov 2014

Mobile money biz Fundamo founder moves on

Hannes van Rensburg, the founder of mobile money company Fundamo, is to leave the business at the end of the month. Fundamo was sold to Visa for $110m in June 2011 and is a major part of Visa's strategy for mobile money - which also includes the British company Monitise. Bridging the gap between the kind of un-banked and …
Simon Rockman, 21 Jan 2014
NFC works on trams in Nice

Pay-by-bonk on the blink: O2 loses Wallet

UK mobile network O2's Wallet was supposed to be the start of its move into the banking biz, with your mobile phone playing the role of bank card. The service grew out of the 2007 trial of NFC which found that if you give people free money they enjoy spending it. But it turns out that people aren't that keen when it is their …
Simon Rockman, 15 Jan 2014
The Register breaking news

Hidden Dragon: The Chinese cyber menace

Analysis Cybercrooks and patriotic state-backed hackers in China are collaborating to create an even more potent security threat, according to researchers. Profit-motivated crooks are trading compromised access to foreign governments' computers, which they are unable to monitise, for exploits with state-sponsored hackers. This trade is …
John Leyden, 24 Dec 2011
The Register breaking news

Pay-by-mobile plan taps up UK consumers

Britan got a new pay as you go mobile provider this morning, which will put paying for things other than mobile service at the centre of its business model. Simply Tap is backed by Carphone Warehouse and Best Buy Europe, but is part of an explosion in ways of paying for stuff that's coming our way. The service will be run by …
Bill Ray, 29 Mar 2011

Duncan McIntyre severs ties with Morse

Duncan McIntyre no longer works at Morse, the reseller he ran for 10 years until July 2007. That was when Morse demerged the sexier bit of the group, Monitise plc. McIntyre jumped on board Monitise as executive chairman, but retained a seat on Morse's board until last week, when he handed in his resignation. And how's this …
Team Register, 13 Aug 2008

Morse sees revenue slide

Professional services firm Morse today reported a 13 per cent group profit fall and said its continued drive away from the IT infrastructure market had put a dent in its financial figures. Revenue from continuing operations was down £40m to £256.5m for the year-on-year period ended 30 June 2007. The infrastructure arm of the …
Kelly Fiveash, 04 Sep 2007

It's a long way from Cupertino to Roswell, but we'll get there

For those of you who may have missed it, a Cupertino-based company called Apple launched a mobile phone in the US last Friday and sold an awful lot of them over the weekend. It would be hard to miss the iPhone, of course, because it seemed not a single story about mobile phones has gone by without a reference to it - at last …
Billy MacInnes, 05 Jul 2007
Warning Go

Morse will dash for AIM under new CEO

Morse has shaken up things at the top with a number of board changes including the appointment of Kevin Alcock as its new chief executive. He will take on the role with immediate effect, replacing Duncan McIntyre who will become executive deputy chairman at the professional services firm. Alcock had previously been chief …
Kelly Fiveash, 28 Jun 2007

IT's green dilemma: plant trees or chill your cheeks

We start this week in a green frame mind. Some people - Kermit the Frog, Van Morrison and Frank Sinatra think "it's not easy being green" - but the computer industry is doing its best to get us all involved. Intel and Google unveiled the Climate Savers Computing Initiative and got a wide range of hardware and software vendors …
Billy MacInnes, 14 Jun 2007

Morse splits to AIM high

Morse has confirmed details of its demerger and the separate listing of its mobile banking business Monitise on London's Alternative Investment Market (AIM). As well as its plan to list on AIM, Monitise, which provides mobile phone software for users to access their banking details, hopes a share placing will help it raise £ …
Kelly Fiveash, 08 Jun 2007

Ass kickings abound as angry mob vents spleen

A feel good moment We'll start with an obligatory pat on the back for the channel. Let's face it, if we don't tell you guys you're great, who will? And so we go to the news that worldwide PC shipments grew nine per cent in the first quarter of 2007. Dell held on to number one spot but HP shipments were up 28.7 per cent and …
Billy MacInnes, 26 Apr 2007

Morse demerges from Monetise

Morse's board has voted to demerge the company from Monitise, a division of the group which develops mobile banking and payments solutions. Monitise, which was founded four years ago, will be listed on AIM. Morse says the decision was taken because the two businesses operate separately anyway, and have "distinct …
Lucy Sherriff, 24 Apr 2007
graph up

Morse all smiles despite turnover slide

Despite a fall in turnover and profits, Morse says it is pleased with its financial results for the six months ending 31 December, the first since the group split into two six months ago. The company saw group turnover fall to £132.2m, against £187.4m for the same period a year earlier. Profit, before tax, was also down at £3. …
Lucy Sherriff, 02 Mar 2007

Royal Bank of Scotland picks Morse for mobile banking

The Royal Bank of Scotland has chosen Morse to provide its mobile banking service, which already counts HSBC, First Direct, and Alliance and Leicester as customers. Morse will run the service through its Monilink network - a joint venture with the LINK interchange network (which runs the UK's ATM network). The deal with the …
John Oates, 08 Feb 2007

Morse changes on track

Morse said today that its new structure of two divisions - one for mobile services and one for its traditional consultancy business - is working well. The company told the London Stock Exchange that trading is in line with expectations. Morse chairman Richard Lapthorne said: "In our preliminary results of 30 August 2006 we …
John Oates, 09 Nov 2006
graph up

Morse boardroom shuffle detailed

Morse has updated the Stock Exchange on the results of its restructure - announced when the company published its preliminary results. The group's activities will be divided into two businesses - Core Morse and Monitise - overseen by a holding company. The group board will be headed up by non-exec chairman Richard Lapthorne …
John Oates, 28 Sep 2006
fingers pointing at man

New guard take over at Morse

Morse is splitting in two and promoting the bosses of two of its acquisitions to lead the new units, the firm said in a statement today. Announcing the firm's results for the year ended 30 June 2006 today, Morse chairman Richard Lapthorne said it was getting near the end of its long period of catalysis and would soon be the …
Mark Ballard, 30 Aug 2006