M&I Bank Selects Metavante For New Image Receivables Solution

12/17/2008

MILWAUKEE, Dec. 17, 2008 ─ Metavante (NYSE:MV), a leading provider of banking and payments technology, today announced that M&I Marshall & Ilsley Bank (M&I Bank) is standardizing its receivables services on RemitEnterprise, Metavante’s advanced retail and wholesale receivables management platform that enables processors to deliver images and robust transaction data to their treasury management clients.

To continue to grow the value of its treasury management service offerings, M&I Bank decided to upgrade and expand its receivables processing services at its seven processing sites. M&I Bank sought a new lockbox platform that offered the latest technology in payment acceptance and image processing.

After a thorough competitive evaluation, M&I Bank selected Metavante and its RemitEnterprise platform. RemitEnterprise provides a suite of image-based, client-server products for capturing wholesale, retail and scannable lockbox remittance information.

“We are committed to providing premier treasury management solutions, and in keeping with that commitment, we chose Metavante to enhance our receivables infrastructure and provide our clients with rich image functionality,” said Andrea Hatcher, vice president, product team leader, M&I Treasury Management. “Our investment in the Metavante solution provides new technologies to integrate emerging payments solutions and to serve our growing treasury management client base.”

RemitEnterprise will support M&I Bank’s expanding processing needs across its multi-site footprint, allowing the bank to capture payments in a variety of formats with minimal operator key entry and sets the stage for the bank to consolidate paper-based transactions with electronic payments such as Electronic Data Interchange (EDI), credit card, wire, Automated Clearing House (ACH) and check image exchange.

“As banks continue to operate in a complex environment driven by blended paper and electronic payments, Metavante RemitEnterprise provides a complete image-enabled lockbox and receivables solution — positioning M&I Bank with a competitive advantage over its competitors,” said Paul Danola, division president, Metavante Image Solutions.

Metavante Image Solutions provides comprehensive solutions that help banks and businesses transition from paper to electronic payments and image processing. Solutions that can be delivered in-house or outsourced include image exchange, distributed capture, check and remittance processing, fraud detection, and document and report management. Customers encompass banks and corporations of all sizes worldwide, from de novo banks to the largest financial institutions and corporations.

Editors Note: RemitEnterprise is the new Metavante product name for the VICOR RIDS receivables processing solution that is deployed and operated by a number of the largest financial institutions in the United States.

About M&I Marshall & Ilsley Bank
M&I Marshall & Ilsley Bank is an affiliate of Marshall & Ilsley Corporation (NYSE: MI), a diversified financial services corporation headquartered in Milwaukee, Wis., with $63.5 billion in assets. Founded in 1847, M&I Marshall & Ilsley Bank is the largest Wisconsin-based bank, with 193 offices throughout the state. In addition, M&I has 52 locations throughout Arizona; 32 offices in Indianapolis and nearby communities; 34 offices along Florida’s west coast and in central Florida; 15 offices in Kansas City and nearby communities; 25 offices in metropolitan Minneapolis/St. Paul, and one in Duluth, Minn.; and one office in Las Vegas, Nev. M&I’s Southwest Bank subsidiary has 17 offices in the greater St. Louis area. M&I also provides trust and investment management, equipment leasing, mortgage banking, asset-based lending, financial planning, investments, and insurance services from offices throughout the country and on the Internet (www.mibank.com or www.micorp.com). M&I’s customer-based approach, internal growth, and strategic acquisitions have made M&I a nationally recognized leader in the financial services industry.

About Metavante
Metavante Technologies, Inc. (NYSE:MV) is the parent company of Metavante Corporation. Metavante Corporation delivers banking and payments technologies to over 8,000 financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, electronic presentment and payment, business transformation services, and payment network solutions including the NYCE Network, a leading ATM/PIN debit network. Metavante (www.metavante.com) is headquartered in Milwaukee.