Metavante Completes AFS Acquisition

Metavante Completes AFS Acquisition 


MILWAUKEE, July 1  /PRNewswire-FirstCall/ -- Metavante Corporation, the
financial technology subsidiary of Marshall & Ilsley Corporation (NYSE:MI), has
completed its acquisition of Oklahoma City-based Advanced Financial Solutions
Inc. (AFS), the leading check-imaging technology provider for over 7,000
financial institutions in the United States, and 25 other countries. In
conjunction with the AFS acquisition, Metavante is also acquiring CheckClear
LLC, which owns and operates Endpoint Exchange - the only operational
electronic check image clearinghouse in the world today - and Medical Banking
Exchange, LLC, a healthcare payment-processing platform. Each company will
become a Metavante subsidiary.

"Our clients will clearly benefit from the technology synergies that this
acquisition affords them in the electronic exchange of payment transactions,"
said Frank R. Martire, Metavante president and chief executive officer. "With
AFS we will add check-imaging technology and the Endpoint Exchange and Medical
Banking Exchange networks to the existing Metavante payment technologies, which
include electronic presentment and payment, ACH processing, electronic funds
transfer and a debit card technology."

About Metavante

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, image-based and conventional check
processing, investment technology and retirement plan services. Headquartered
in Milwaukee, Wis., Metavante is wholly owned by Marshall & Ilsley Corporation
(NYSE:MI). Metavante is a registered trademark of Metavante Corporation. For
more information, see http://www.metavante.com/ . 

DATASOURCE: Metavante Corporation



CONTACT:  Chip Swearngan of Metavante Corporation, [phone],

 



Web site:  http://www.metavante.com/ 

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