MILWAUKEE, Oct. 18, 2005 - Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE:MI), today announced an agreement expanding Glenview State Bankâs (GSB) relationship with Metavante
electronic funds transfer (EFT) and card processing products. This will complement GSBâs continuing use of Metavante-based core processing and check imaging solutions. GSB is an independently owned $920 million bank serving the North and Northwest suburbs of Chicago.
According to the agreement, GSB has extended its contract with Kirchman Corporation, a Metavante company, for use of the Kirchman BankwayÂ® core processing solution. In addition, GSB has extended its contract to include Metavanteâs credit card account processing services.
GSB will also join the NYCE network and implement Metavante EFT and card processing solutions including: ATM driving and monitoring, gateway transaction processing, card personalization, fraud detection and prevention services, and debit card account processing. NYCE, a Metavante company, is a leading U.S. debit-card payments network.
"The expansion of our relationship demonstrates the value we see in the
breadth of Metavanteâs offering and how its recent acquisitions are fitting
together to meet our evolving needs," said Roland Weiss, executive vice
president, Operations, Glenview State Bank.
GSBâs relationship with the Metavante family of companies also includes Advanced Financial Solutions (AFS) and the Endpoint Exchange Network. AFS
delivers Check 21 check imaging and truncation solutions to GSB, while the
Endpoint Exchange Network facilitates electronic check clearing for GSB.
"Metavante is integrating the Kirchman core processing platform with our
EFT and debit services to create the operational and system efficiencies
that financial institutions are looking for from their processing partners," said Frank DâAngelo, president and chief operating officer, Metavante Payment Solutions Group. "In addition, by adding NYCE into the mix, we are also helping Glenview State Bank enhance its payments strategy."
Metavante provides all the necessary tools for a successful payments program. Helping clients capitalize on overall payments growth, Metavanteâs suite of payment solutions includes electronic presentment and payment; electronic check presentment and exchange; electronic funds transfer; debit-, prepaid- and credit-card account processing; flexible spending account, health savings account and health reimbursement arrangement (FSA/HSA/HRA) medical payment cards; card personalization; balance transfer services; automated clearing house (ACH) processing; ATM driving; merchant and gateway processing; and transportation payment services. Metavante Corporation owns and operates the NYCE Network.