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MI Marshall & Ilsley Corp

7.90
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Marshall & Ilsley Corp NYSE:MI NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.90 0.00 01:00:00

Digital Insight and Metavante Release Adoption Marketing Program Results

09/06/2004 2:00pm

PR Newswire (US)


Marshall & Ilsley (NYSE:MI)
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Digital Insight and Metavante Release Adoption Marketing Program Results Financial Institution Clients Significantly Increase Bill Pay Adoption Using Marketing Best Practices CALABASAS, Calif. and MILWAUKEE, June 9 /PRNewswire-FirstCall/ -- Digital Insight(R) Corp. (NASDAQ:DGIN) (http://www.digitalinsight.com/), the leading online banking provider, and Metavante(R) Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE:MI), today announced the release of a bill payment-focused white paper. Digital Insight and Metavante tracked adoption performance of financial institution clients who participated in the Digital Insight Growth and Retention Program (GRP) during 2003. Financial institutions participating in the program exceeded the growth rate of non-participating clients by 66 percent. The white paper includes profiles of marketing best practices at three top-performing clients: Eastman Credit Union, Kingsport, Tenn.; Main Street Trust, Champaign, Ill.; and Sterling Savings Bank, Spokane, Wash. Eastman Credit Union and Main Street Trust generated bill payment end user increases of 79 percent and 150 percent, respectively, in 2003. Both financial institutions provide free online bill payment to their end users. Sterling Savings Bank, which charges for online bill payment after an introductory free period, increased bill payment registrations by 19 percent during the year. "Our research powerfully demonstrates that by employing some or all of the best practices discussed, financial institutions have driven significant advances in enrollment and usage within their client base," said Drew Hyatt, senior vice president, marketing and sales operations at Digital Insight. "Metavante has been a strategic partner in the ongoing success of GRP and we look forward to our continued collaboration in driving higher adoption among our common clients." "The positive results of this study underscore the importance of defining a goal, obtaining corporate support, deploying incentive programs, and educating both employees and consumers on the benefits of receiving and paying bills online," said Cary Serif, executive vice president, eFinance Group of Metavante. "We remain committed to working proactively with Digital Insight and our mutual clients in assisting their efforts to aggressively enhance adoption performance." To obtain a summary of the white paper please visit http://www.digitalinsight.com/progserv/growth_retention.html. Digital Insight clients interested in Bill Pay and Bill Presentment should contact their sales representative. Other financial institutions interested in Bill Pay should call Digital Insight at (888) 387-8627. About Digital Insight Digital Insight(R) Corporation is the leading online banking provider for financial institutions. Through its comprehensive portfolio of Internet-based financial products and services built upon the company's unique architecture, Digital Insight enables banks and credit unions to become the trusted transaction hub for their retail and commercial customers. Digital Insight offers consumer and business Internet banking, online lending, electronic bill payment and presentment, check imaging, account-to-account transfers, website development and hosting, marketing programs designed to help increase online banking end user growth and more. Each Digital Insight product and service reinforces the strength of its financial institution clients. About Metavante Corporation Celebrating 40 years of innovation, Metavante Corporation delivers virtually all of the technology that an organization needs to offer financial services. Metavante processes transactions of value by providing clients with financial technology solutions that drive customer relationship management, electronic banking, electronic funds transfer and card solutions, electronic presentment and payment, financial account processing, investment technology and retirement benefit services. Headquartered in Milwaukee, Wis., Metavante is wholly owned by Marshall & Ilsley Corporation (NYSE:MI). Metavante and CSF are registered trademarks of Metavante Corporation. For more information, see http://www.metavante.com/. Safe Harbor Statement under the Private Litigation Reform Act of 1995 This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations. Because of various risks and uncertainties, actual strategies and results in future periods may differ materially from those currently expected. Additional discussion of factors affecting these forward looking statements is contained in Digital Insight's most recent filings with the Securities and Exchange Commission. DATASOURCE: Digital Insight Corp.; Metavante Corporation CONTACT: Jyoti Nanda, Public Relations, Digital Insight Corp., +1-818-878-6048; or Chip Swearngan, Investor & Public Relations, Metavante Corporation, +1-414-357-3688 Web site: http://www.digitalinsight.com/progserv/growth_retention.html http://www.metavante.com/ http://www.digitalinsight.com/

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