Metavante Provides Support for the Harris Health Savings Account

  
    
  
  
    
      Metavante Corporation today announced it is providing the technology and 
      support for a comprehensive health savings account (HSA) solution to 
      Harris N.A., which recently launched its Harris Health Savings Account 
      in both the individual and commercial HSA markets. Harris N.A. is the 
      third-largest bank in the Chicago market. Metavante is the banking and 
      payments technology subsidiary of Marshall & Ilsley Corporation (NYSE: 
      MI).
    
    
      Seeking to help enable the broad-based adoption of HSAs and gain access 
      to a new pool of deposits, Harris looked to Metavante Healthcare Payment 
      Solutions for all the technology, operational and back office servicing 
      needed to support its HSAs. Metavante provides account-opening 
      (including online and mass enrollment) functionality, fulfillment of 
      welcome kits, deposit account and debit card processing, call center 
      services, automated HSA debit card personalization and fulfillment, 
      Metavante eBanking for online account access and call center support.
    
    
      Information Strategies, Inc., a Ridgefield, N.J., firm tracking HSA 
      growth, found marketplace HSA volume tripled to 3.6 million accounts 
      during 2006, amounting to a cumulative $5.1 billion of new deposits for 
      financial institutions. Those numbers are projected to increase 
      respectively to 8 million and $13.6 billion during 2007, the firm says, 
      and financial institutions are taking notice. While their estimates 
      indicate 1,200 banks and credit unions currently offer HSAs, Information 
      Strategies expects that number to double by the end of 20071.
    
    
      “HSAs and healthcare payments are new areas 
      for banks and require new technologies and processes. With a 
      market-proven, wide-ranging HSA solution in its suite of payment 
      products, Metavante offered the expertise, functionality and an 
      implementation process that enabled speed-to-market for Harris’ 
      HSA product,” said Cynthia Ullrich, senior 
      vice president, Harris Business Banking.
    
    
      “HSAs are a consumer-facing product, and 
      financial institutions need to ramp up quickly to gather this new source 
      of deposits. By helping large banks like Harris and other major 
      financial institutions offer HSAs, Metavante makes a powerful value 
      statement around its HSA capabilities,” said 
      John Reynolds, president, Metavante Healthcare Payment Solutions. “In 
      addition to community and regional banks, Metavante equips even the 
      largest FIs to enable broad consumer adoption of HSAs, and they don’t 
      need to be Metavante core processing clients. Our broad HSA solution 
      mitigates operational risks that exist around launching a new and 
      largely seasonal product for any financial institution, regardless of 
      which vendor provides core IT support.”
    
    
      By the close of open enrollment 2006, nearly 150 financial institutions 
      had chosen Metavante’s HSA platform, which 
      posted an annual growth rate of 160% in terms of HSA volume. In addition 
      to its HSA solution, Metavante also provides Harris with card processing 
      for debit, prepaid and ATM cards, ATM driving, card production and 
      fulfillment, and check image solutions.
    
    
      Metavante Healthcare Payment Solutions is helping transform the 
      healthcare payments industry by accelerating the exchange of information 
      and funds between patients, payers, providers and financial 
      institutions. Forging new connections between payment and data systems 
      to quicken the claims process, Metavante expedites benefits eligibility 
      verification, claims substantiation, medical remittance processing, and 
      payment and explanation of benefit distribution. With Web-enabled tools, 
      an HSA platform, multi-purse benefit debit cards and combination 
      eligibility/payment cards, Metavante enables integrated consumer benefit 
      account management of HSA, FSA, HRA and dependent care and 
      transportation accounts.
    
    
      About Harris
    
    
      Harris is an integrated financial service organization providing more 
      than 1 million personal, business and corporate clients with banking, 
      lending, investing and wealth management solutions. The organization is 
      a member of the BMO Financial Group (NYSE, TSX: BMO), which also 
      provides corporate and investment banking services in the U.S. under the 
      BMO Capital Markets name.
    
    
      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). On April 3, 
      2007, Marshall & Ilsley Corporation announced its plans to split 
      Metavante Corporation and Marshall & Ilsley Corporation into independent 
      publicly traded companies.
    
    
      1 Information Strategies, Inc. Ridgefield, N.J.
    
    
      Metavante is a registered trademark of Metavante Corporation.