Metavante Completes Prime Associates Acquisition

Metavante Completes Prime Associates Acquisition 


MILWAUKEE, Feb. 9  /PRNewswire-FirstCall/ -- Metavante Corporation, the
financial technology subsidiary of Marshall & Ilsley Corporation (NYSE:MI), has
completed its acquisition of Clark, N.J.-based Prime Associates, Inc., a
leading international provider of software, data and services that address the
regulatory and compliance mandate of financial institutions such as anti-money
laundering (AML) regulations. Prime Associates will become a Metavante
subsidiary.

"The passage in 2001 of the USA PATRIOT Act gave further emphasis and
requirements to the Bank Secrecy Act for financial institutions and other firms
to increase controls to monitor monetary transactions," said Frank R. Martire,
Metavante president and chief executive officer. "This acquisition is in line
with our direction to bring the most innovative technology and comprehensive
consulting services to all segments of the financial services industry by
delivering state-of-the-art compliance and risk management solutions for our
clients."

About Metavante Corporation

Metavante Corporation delivers banking and payment technologies to 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, and electronic
presentment and payment. Headquartered in Milwaukee, Metavante (
http://www.metavante.com/ ) is wholly owned by Marshall & Ilsley Corporation
(NYSE:MI). 

DATASOURCE: Metavante Corporation



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

 



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

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