Banking Technology reports that M-Cube, which is a part of VeriSign, is offering a Prepaid Mobile Banking Platform...

M-Cube offers mobile banking for Ryanair prepaid members | Banking Technology magazine - UK

M-Cube has launched the M-Cube M-Payments Platform, a mobile banking application for consumers using prepaid cards in the UK and Ireland. This application will be immediately available to members of the M-Cube Ryanair Prepaid Programme and should be functional across the range of M-Cube backed prepaid cards.

The Ryanair Prepaid Programme, launched in November 2008, is a mass market multi-brand prepaid programme created by a prepaid card provider in the UK and Ireland. Holders of other M-Cube backed prepaid cards will also be offered access to the mobile application.

Using the M-Payments Platform, cardholders should be able to carry out a range of transactions directly from their mobile phones without the need to sign into their account via a computer. The services available to cardholders include:

• Activation of a new prepaid card
• Checking account balances
• Obtain a mini-statement of recent account transactions
• Top up prepaid card with funds
• Report a prepaid card as lost or stolen
• Live chat
• Foreign currency transfers
• Transfer between accounts

The M-payments application has been developed in partnership with information security experts Network Security Solutions using the firm's proprietary mobile text messaging security backbone, Xecure Message Service.