Metavante and Yodlee Bolster Bill Pay with Reciprocal Agreement

  
    
  
  
    
      Metavante Corporation today announced a reciprocal agreement with 
      Yodlee, Inc. that infuses Metavante electronic bill payment with Yodlee’s 
      proprietary credit and debit card payment functionality, and integrates 
      Yodlee solutions with Metavante’s electronic 
      bill payment processing capabilities. Metavante is the banking and 
      payments technology subsidiary of Marshall & Ilsley Corporation (NYSE: 
      MI).
    
    
      Benefits of the agreement include enabling end users of Metavante online 
      bill pay to make payments with their credit and debit cards. At the same 
      time, financial institutions offering Metavante bill pay will be able to 
      turn what is most often provided as a free service into a 
      revenue-generating opportunity. Financial institutions can now collect 
      interchange fees on payments made through their online bill pay service 
      when customers use a credit or debit card issued by the same financial 
      institution. Additionally, the customer can earn points toward a rewards 
      program, if one is associated with their card.
    
    
      “Yodlee has the ability to make 
      revenue-generating, card-based bill payments with over 200 of the top 
      U.S. billers today and is expanding its network of available payees 
      rapidly. Metavante is committed to strengthening its products through 
      partnerships when they deliver competitive advantages to our clients,” 
      said Dave Fortney, senior vice president, Metavante electronic 
      presentment and payment. “Financial 
      institutions offering Metavante bill pay now receive the card option, 
      revenue-generating opportunities and lower total cost of ownership. They 
      can offer customer benefits, such as same-day and last-minute payments, 
      which are typically associated with biller-direct payments. In addition, 
      card-based bill pay functionality provides another chance to promote a 
      payment card rewards program and end-user adoption of online bill pay. 
      Maybe even more importantly, it can turn a financial institution’s 
      Web site into the preferred channel for all their customers’ 
      online payments.”
    
    
      By integrating Metavante bill pay processing, Yodlee strengthens its 
      BillPay offering with enhanced biller connectivity when users choose to 
      make a payment without a card. Metavante will be a preferred bill pay 
      processor for ACH and check payments in these instances.
    
    
      “The winners in this association are the 
      combined customers of Metavante and Yodlee,” 
      said Anil Arora, Yodlee president and chief executive. “Both 
      Metavante and Yodlee gain important functionality that enhances and 
      advances their respective product offerings. Plus, stronger bill pay 
      offerings from both companies give financial institutions additional 
      revenue-generating features they can offer their customers, while at the 
      same time delivering the benefits of card-based payments to end users, 
      which nearly 50 percent of consumers said they wanted in a recent Aite 
      Group survey1.”
    
    
      According to another recent Aite Group report2, 
      new technologies and processing arrangements, such as the one between 
      Metavante and Yodlee, may play a significant role in shaping the online 
      bill payment landscape. In the same report, Aite Group also forecasts 
      that, “By 2010, 45 percent of the overall 
      bill payment industry's revenues will go to participants in the card 
      processing value chain, up from 34 percent in 2006.”
    
    
      About Yodlee
    
    
      Leading financial institutions trust Yodlee to power critical online 
      banking applications that increase profitability and drive more value 
      from the online channel. Yodlee’s proven 
      consumer banking, payments solutions, wealth management and risk 
      management applications unify all personal financial account information 
      to deliver a simple, centralized and secure way for consumers to manage 
      all of their financial tasks – anytime, 
      anywhere. Yodlee makes financial institutions’ 
      Web sites essential to their customers and generates new revenue 
      opportunities. Over 100 leading financial institutions and portals, 
      including Ameriprise Financial, AOL, Bank of America, Fidelity, JPMorgan 
      Chase, Merrill Lynch and MSN, today offer Yodlee-powered solutions to 
      millions of customers worldwide. Yodlee operates in the United States 
      and Europe and is headquartered in Redwood City, California. For more 
      information, visit www.yodlee.com.
    
    
      About Metavante
    
    
      Metavante Corporation delivers banking and payments 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, consumer healthcare payments, and electronic presentment and 
      payment. Headquartered in Milwaukee, Metavante (www.metavante.com) 
      is wholly owned by Marshall & Ilsley Corporation (NYSE: MI).
    
    
      1 Aite Group, “Next-Generation 
      Online Banking and Bill Pay,” Nov. 2006, 
      Gwenn Bezard.
    
    
      2 Aite Group, “Online 
      Bill Payments: Chasing the Next Big Thing,” 
      Oct. 2006, Gwenn Bézard.
    
    
      Metavante is a registered trademark of Metavante Corporation.
    
  
Metavante Corporation today announced a reciprocal agreement with
Yodlee, Inc. that infuses Metavante electronic bill payment with
Yodlee's proprietary credit and debit card payment functionality, and
integrates Yodlee solutions with Metavante's electronic bill payment
processing capabilities. Metavante is the banking and payments
technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI).

   Benefits of the agreement include enabling end users of Metavante
online bill pay to make payments with their credit and debit cards. At
the same time, financial institutions offering Metavante bill pay will
be able to turn what is most often provided as a free service into a
revenue-generating opportunity. Financial institutions can now collect
interchange fees on payments made through their online bill pay
service when customers use a credit or debit card issued by the same
financial institution. Additionally, the customer can earn points
toward a rewards program, if one is associated with their card.

   "Yodlee has the ability to make revenue-generating, card-based
bill payments with over 200 of the top U.S. billers today and is
expanding its network of available payees rapidly. Metavante is
committed to strengthening its products through partnerships when they
deliver competitive advantages to our clients," said Dave Fortney,
senior vice president, Metavante electronic presentment and payment.
"Financial institutions offering Metavante bill pay now receive the
card option, revenue-generating opportunities and lower total cost of
ownership. They can offer customer benefits, such as same-day and
last-minute payments, which are typically associated with
biller-direct payments. In addition, card-based bill pay functionality
provides another chance to promote a payment card rewards program and
end-user adoption of online bill pay. Maybe even more importantly, it
can turn a financial institution's Web site into the preferred channel
for all their customers' online payments."

   By integrating Metavante bill pay processing, Yodlee strengthens
its BillPay offering with enhanced biller connectivity when users
choose to make a payment without a card. Metavante will be a preferred
bill pay processor for ACH and check payments in these instances.

   "The winners in this association are the combined customers of
Metavante and Yodlee," said Anil Arora, Yodlee president and chief
executive. "Both Metavante and Yodlee gain important functionality
that enhances and advances their respective product offerings. Plus,
stronger bill pay offerings from both companies give financial
institutions additional revenue-generating features they can offer
their customers, while at the same time delivering the benefits of
card-based payments to end users, which nearly 50 percent of consumers
said they wanted in a recent Aite Group survey(1)."

   According to another recent Aite Group report(2), new technologies
and processing arrangements, such as the one between Metavante and
Yodlee, may play a significant role in shaping the online bill payment
landscape. In the same report, Aite Group also forecasts that, "By
2010, 45 percent of the overall bill payment industry's revenues will
go to participants in the card processing value chain, up from 34
percent in 2006."

   About Yodlee

   Leading financial institutions trust Yodlee to power critical
online banking applications that increase profitability and drive more
value from the online channel. Yodlee's proven consumer banking,
payments solutions, wealth management and risk management applications
unify all personal financial account information to deliver a simple,
centralized and secure way for consumers to manage all of their
financial tasks - anytime, anywhere. Yodlee makes financial
institutions' Web sites essential to their customers and generates new
revenue opportunities. Over 100 leading financial institutions and
portals, including Ameriprise Financial, AOL, Bank of America,
Fidelity, JPMorgan Chase, Merrill Lynch and MSN, today offer
Yodlee-powered solutions to millions of customers worldwide. Yodlee
operates in the United States and Europe and is headquartered in
Redwood City, California. For more information, visit www.yodlee.com.

   About Metavante

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

   (1) Aite Group, "Next-Generation Online Banking and Bill Pay,"
Nov. 2006, Gwenn Bezard.

   (2) Aite Group, "Online Bill Payments: Chasing the Next Big
Thing," Oct. 2006, Gwenn Bezard.

   Metavante is a registered trademark of Metavante Corporation.