­Mobile banking service provider, Monitise has collaborated with Near Field Communication (NFC) software developer ViVOtech, to deliver mobile phone payments services to banks across the USA.

In addition to contactless payments, service users will be able to transfer money from their registered accounts to other bank accounts, perhaps in response to an overdraft alert or to friends and family. The service will also deliver retail coupons and discounts directly to the user on their mobile phone.

This NFC service will be delivered through the combination of ViVOtech’s over-the-air (OTA) software and Monitise’s Mobile Money technology.

ViVOtech’s software allows data, such as credit, debit or prepaid card credentials, to be remotely loaded onto a secure chip. This can be in an NFC phone, a SIM card or a chip contained within a microSD card that can be inserted into the majority of existing smartphones, including BlackBerry, Android, Nokia and even in various iPhone cases.

According to Lisa Stanton, Monitise executive director of global alliances, Monitise welcomes its partnership with ViVOtech to deliver the next generation of fast, secure contactless payments to their many financial institution clients in the United States. They pride them on being at the forefront of mobile financial management and contactless payments. Combining the power of ViVOtech’s OTA software with their Mobile Money technology platform will ensure that they continue to deliver what the banks and their customers are looking for.

Monitise handles over 100 million mobile inquiries and transactions a year. The company has partnerships with over 240 financial institutions, with millions of people across the globe using its technology to manage their finances on their mobile phone. To date, ViVOtech software has been used successfully in more than 30 NFC phone pilot projects around the globe.