MONILINK
Encyclopedia
MONILINK Limited is the banking service operating in the United Kingdom
that gives customers access to their financial information directly from their mobile phones. Created in 2003 MONILINK is a joint venture between Monitise and LINK (UK)
. Promotional material promises consumers that, through the service: “The future of banking is in your hands”.
Currently, MONILINK offers customers the chance to check their bank
balance
in real time, view a mini statement detailing the last six transactions and add credit to up to five pay as you go phones. In the future, services will include options to move money between accounts, pay bills, and purchase travel tickets.
, first direct
, Alliance & Leicester
, NatWest, Royal Bank of Scotland
, Ulster Bank
and Lloyds TSB
. Alliance & Leicester withdrew, after being taken over by Santander
.
, O2, Orange
, T-Mobile
and 3
. Tesco Mobile
and Virgin Mobile
are also participating.
in 2006 as a Technology Pioneer in the area of mobile banking
.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
that gives customers access to their financial information directly from their mobile phones. Created in 2003 MONILINK is a joint venture between Monitise and LINK (UK)
LINK (UK)
LINK is a shared interbank network of automated teller machines operating in the United Kingdom. The network counts 37 member institutions, of which many are various banks and building societies issuing LINK ATM cards, and the remainder are independent ATM operators who do not issue cards...
. Promotional material promises consumers that, through the service: “The future of banking is in your hands”.
Currently, MONILINK offers customers the chance to check their bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
balance
Balance (accounting)
In banking and accountancy, the outstanding balance is the amount of money owed, , that remains in a deposit account at a given date, after all past remittances, payments and withdrawal have been accounted for. It can be positive or negative ....
in real time, view a mini statement detailing the last six transactions and add credit to up to five pay as you go phones. In the future, services will include options to move money between accounts, pay bills, and purchase travel tickets.
Banking partners
By June 2008, HSBCHSBC
HSBC Holdings plc is a global banking and financial services company headquartered in Canary Wharf, London, United Kingdom. it is the world's second-largest banking and financial services group and second-largest public company according to a composite measure by Forbes magazine...
, first direct
First Direct
First Direct is a telephone and internet-based retail bank in the United Kingdom, a division of HSBC Bank plc. First Direct has headquarters in Leeds, West Yorkshire, England, and has 1.16 million customers....
, Alliance & Leicester
Alliance & Leicester
Alliance & Leicester was a former UK-based bank and PLC, which in later years operated as a trading name of Santander UK before being rebranded as Santander. Alliance & Leicester was legally acquired in May 2010 by Santander UK, and was fully incorporated by 2011...
, NatWest, Royal Bank of Scotland
Royal Bank of Scotland
The Royal Bank of Scotland Group is a British banking and insurance holding company in which the UK Government holds an 84% stake. This stake is held and managed through UK Financial Investments Limited, whose voting rights are limited to 75% in order for the bank to retain its listing on the...
, Ulster Bank
Ulster Bank
Ulster Bank is a large commercial bank, one of the Big Four in both Northern Ireland and the Republic of Ireland. The Ulster Bank Group is subdivided into two separate legal entities, Ulster Bank Limited and Ulster Bank Ireland Limited...
and Lloyds TSB
Lloyds TSB
Lloyds TSB Bank Plc is a retail bank in the United Kingdom. It was established in 1995 by the merger of Lloyds Bank, established in Birmingham, England in 1765 and traditionally considered one of the Big Four clearing banks, with the TSB Group which traces its origins to 1810...
. Alliance & Leicester withdrew, after being taken over by Santander
Santander UK
Santander UK plc is a wholly owned subsidiary of the Spanish Santander Group. Based in the United Kingdom, it operates under the name of Santander. Santander is the third largest bank in the UK in terms of deposits, the second largest in terms of mortgages held, and the fourth largest in terms of...
.
Network partners
All the mobile phone companies in the UK enable MONILINK: VodafoneVodafone
Vodafone Group Plc is a global telecommunications company headquartered in London, United Kingdom. It is the world's largest mobile telecommunications company measured by revenues and the world's second-largest measured by subscribers , with around 341 million proportionate subscribers as of...
, O2, Orange
Orange SA
Orange is the brand used by France Télécom for its mobile network operator and Internet service provider subsidiaries. It is the fifth largest telecom operator in the world, with 210 million customers . The brand was created in 1994 for Hutchison Telecom's UK mobile phone network, which was...
, T-Mobile
T-Mobile
T-Mobile International AG is a German-based holding company for Deutsche Telekom AG's various mobile communications subsidiaries outside Germany. Based in Bonn, Germany, its subsidiaries operate GSM and UMTS-based cellular networks in Europe, the United States, Puerto Rico and the US Virgin Islands...
and 3
Hutchison 3G
3 is a brand name under which several UMTS-based mobile phone networks and Broadband Internet Providers are operated in Australia, Austria, Denmark, Hong Kong, Macau, Indonesia, Ireland, Italy, Sweden, and the United Kingdom...
. Tesco Mobile
Tesco Mobile
Tesco Mobile is a mobile virtual network operator in the United Kingdom, the Republic of Ireland and Slovakia. It is operated by Tesco, using the O2 network as its carrier.-United Kingdom:...
and Virgin Mobile
Virgin Mobile
Virgin Mobile is a brand used by many mobile phone service providers across the globe; its headquarters are based in the United Kingdom. Virgin Mobile has local operations in Australia, Canada, France, India, South Africa, Greece, United Kingdom and the United States. It briefly also had operations...
are also participating.
Awards
MONILINK was recognised by the World Economic ForumWorld Economic Forum
The World Economic Forum is a Swiss non-profit foundation, based in Cologny, Geneva, best known for its annual meeting in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland....
in 2006 as a Technology Pioneer in the area of mobile banking
Mobile Banking
Mobile banking is a term used for performing balance checks, account transactions, payments, credit applications and other banking transactions through a mobile device such as a mobile phone or Personal Digital Assistant . The earliest mobile banking services were offered over SMS...
.
UK mobile phone companies
- T-MobileT-MobileT-Mobile International AG is a German-based holding company for Deutsche Telekom AG's various mobile communications subsidiaries outside Germany. Based in Bonn, Germany, its subsidiaries operate GSM and UMTS-based cellular networks in Europe, the United States, Puerto Rico and the US Virgin Islands...
UK - VodafoneVodafoneVodafone Group Plc is a global telecommunications company headquartered in London, United Kingdom. It is the world's largest mobile telecommunications company measured by revenues and the world's second-largest measured by subscribers , with around 341 million proportionate subscribers as of...
UK - O2
- OrangeOrange SAOrange is the brand used by France Télécom for its mobile network operator and Internet service provider subsidiaries. It is the fifth largest telecom operator in the world, with 210 million customers . The brand was created in 1994 for Hutchison Telecom's UK mobile phone network, which was...
UK
Mobile virtual network operators
- BT MobileBT MobileBT Mobile is a mobile virtual network operator in the UK, Spain, Italy and the Netherlands which uses the Vodafone UK, Vodafone Spain, Vodafone Italy and 6Gmobile network. It is part of the BT Group....
- Dot MobileDot MobileDot Mobile Limited was a mobile virtual network operator in the UK, founded in 2005, which used the Vodafone network. The business was aimed at students. It entered administration on 18 March 2008....
- Fresh Mobile
- TalkTalkTalkTalkTalkTalk is a pay television, telecommunications and internet service provider company headquartered in London, United Kingdom...
- Tesco MobileTesco MobileTesco Mobile is a mobile virtual network operator in the United Kingdom, the Republic of Ireland and Slovakia. It is operated by Tesco, using the O2 network as its carrier.-United Kingdom:...
- Virgin MobileVirgin MobileVirgin Mobile is a brand used by many mobile phone service providers across the globe; its headquarters are based in the United Kingdom. Virgin Mobile has local operations in Australia, Canada, France, India, South Africa, Greece, United Kingdom and the United States. It briefly also had operations...