Metavante Signs American Bank & Trust for Fully Outsourced Banking Solutions
13 March 2007 - 11:00PM
Business Wire
Metavante Corporation, the banking and payments technology
subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today
announced that American Bank & Trust Company, N.A. has signed a
comprehensive long-term agreement for the Metavante Integrated
Banking Solution, the Metavante outsourced core processing system.
American Bank and Trust is headquartered in Davenport, Iowa, with
bank locations in eastern Iowa and throughout northern Illinois.
�We are a growth-oriented company with a very aggressive strategic
plan. After extensive comparison and due diligence among several of
the top core processing providers in the industry, our selection
committee found Metavante to be the most resourceful, progressive
and economical choice for our future,� said John T. Kustes,
executive vice president, operations, American Bank & Trust.
�Metavante�s demonstrated service levels, accountability and team
approach to core processing makes us feel as if we�ve added
extensive technology resources to our company without having to
incur additional personnel expenses.� Metavante is providing
American Bank & Trust with an extensive suite of banking and
payments solutions, including core account processing, item
processing and electronic funds transfer and card services. In
addition, American Bank & Trust will employ Sendpoint�,
Metavante�s outsourced distributed image capture service, to
capture, receive, and aggregate check image deposits from anywhere
payment capture occurs. �American Bank & Trust explained to us
where they are today and what they desire to become in the future.
We clearly demonstrated that Metavante has the knowledge,
experience and proven systems in place to enable them to increase
its market presence,� said Jamie Geschke, president, Metavante
Banking and Trust Solutions. �We offer an expansive financial
service offering to the market and the scalability of our solutions
will support the growth objectives of any size bank without the
need of working with multiple vendors.� Metavante Banking Solutions
offer one of the most comprehensive sets of integrated products and
services for financial service providers that are centered on core
customer and account management, specializing in deposit, loan and
trust accounts. Metavante also provides its clients flexibility in
choosing either a licensed, in-house or an outsourced solution. The
Metavante Banking Solutions include core account processing, fully
integrated delivery channels, business and marketing analytics,
electronic banking, integrated payments, image, risk and compliance
solutions, along with business and technology consulting. Metavante
Banking Solutions serve over 1,500 financial services providers,
ranging from community banks to the top 50 U.S. banks. About
American Bank and Trust Established in 1968, American Bank &
Trust has over $570 million in assets and is a full service
financial institution offering personal, private, mortgage and
commercial banking, trust, insurance and investment solutions. The
Bank strives to make each client�s experience a success by offering
the highest level of service, hospitality and expertise while
tailoring its products to exceed their financial needs and
expectations. For more information, visit www.ambankqc.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, 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.
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