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Metavante Corporation, the banking and payments technology subsidiary of
Marshall & Ilsley Corporation (NYSE: MI), today announced that it will
add its item processing and SendPoint™
distributed capture product lines to the Metavante Image Solutions
division. Distributed capture has been one of the company’s
fastest-growing product lines. SendPoint is Metavante’s
outsourced distributed check-image capture service that allows financial
institutions and their commercial customers to capture, receive, and
aggregate check image deposits from anywhere payment capture occurs.
The company has also today named Brian C. Hurdis president of Metavante
Image Solutions. Based in Oklahoma City, the Metavante Image Solutions
division now counts approximately 1,000 employees within its operations,
which includes facilities in Dallas, Herndon, Va., Longmont, Colo.,
Memphis, Tenn., Milwaukee, Minneapolis and Norman, Okla.
Hurdis, a 25-year banking and financial technology industry
professional, is a member of the Metavante Executive Committee. He
joined Metavante in 1999 as vice president of technology operations and
architecture for the company’s e-finance
solutions. Among his recent responsibilities, Hurdis has been general
manager for Metavante’s item processing and
SendPoint product lines.
Hurdis succeeds Gary L. Nelson, who has retired as division president to
pursue volunteer leadership with several Oklahoma City not-for-profit
organizations including North Church, Bearing Fruit Communications,
Board of Regents for local universities, and a consortium board for
high-tech entrepreneurs and start-up companies.
In 1992, Nelson and several associates founded Advanced Financial
Solutions (AFS), which along with the Endpoint Exchange Network was
purchased by Metavante in 2004. After several additional
image-technology acquisitions in 2005 and 2006, Nelson oversaw the
successful integration of four companies during 2006 to create the
Metavante Image Solutions division, of which he was president.
“Gary has been a leader in the bank technology
industry. We are grateful for the many contributions Gary made to
Metavante and to AFS before it became a Metavante company,”
said Metavante Chief Operating Officer Michael D. Hayford. “By
combining the related solutions and services, Metavante has created an
industry-defining technology platform designed to meet a broader range
of customer needs. We thank Gary for his leadership throughout his years
of service at Metavante and we applaud him for his ongoing commitment to
the Oklahoma City community.”
Metavante Image Solutions provide comprehensive solutions that help
banks and businesses transition from paper to electronic payments and
image processing. Within Image Solutions, the Endpoint Exchange Network
is the country’s first electronic
check-clearing network that capitalizes on existing imaging
infrastructure and settlement relationships, with the interoperability
to connect to every endpoint in the nation.
About Metavante
Metavante Corporation delivers banking and payments technologies to over
8,600 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, and business transformation services. Headquartered in
Milwaukee, Metavante (www.metavante.com)
is wholly owned by Marshall & Ilsley Corporation (NYSE:MI).
Metavante is a registered trademark and SendPoint is trademark of
Metavante Corporation.