MILWAUKEE, Feb. 6, 2006 - Metavante Corporation today announced that Southern California-based PFF Bank & Trust, a subsidiary of PFF Bancorp Inc. (NYSE: PFB), has renewed its comprehensive banking technology services contract and expanded its relationship with Metavante to include the NYCE Network. NYCE is a Metavante affiliate and a leading U.S. debit card payments network. Metavante is the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI).
PFF has been a Metavante client since 1996. As part of a long-term contract extension, the financial institution will receive banking and payment technology services that include financial account processing, branch automation, debit card processing, automated teller machine (ATM) driving, consumer Internet banking, check imaging, item processing, fraud suite processing solutions, business analytics and risk management consulting services. In addition, PFF has now chosen to participate in the NYCE Network.
"The efficiencies weâll gain through the NYCE-Metavante relationship made expanding our successful partnership with Metavante an easy decision. Not only did NYCE facilitate a quick and seamless connection to its network, but NYCE Network participation enhances our offering of innovative money movement technologies to our customers," said Bob Golish, PFF Bank & Trust chief information officer. "The continuation and expansion of our relationship with Metavante is evidence of a valuable partnership that contributes to PFFâs success."
"By joining the NYCE Network, PFF demonstrates their faith in our commitment to add value to the payment strategies of financial institutions across the country," said Steve Rathgaber, NYCE president and chief operating officer. "In the same way PFF puts customer loyalty and advocacy first, NYCE and Metavante share a decades-long commitment to understanding and serving the needs of financial institutions."
"Our relationship with PFF has been successful over the years for many reasons, not the least of which is the fact that we operate as partners," said Paul Danola, president and chief operating officer, Metavante Financial Solutions Group. "Extending our relationship enables Metavante to continue providing PFF with additional products and services that contribute to their success."