Visa and M&I Bank Continue 30-Year Partnership
04 December 2008 - 12:00AM
Business Wire
Visa Inc. (NYSE: V) today announced it has signed a seven-year
agreement to renew its partnership with Wisconsin-based M&I
Marshall & Ilsley Bank (M&I Bank), an affiliate of Marshall
& Ilsley Corporation (NYSE: MI). M&I Bank�s relationship
with Visa began in 1977. Under the terms of the agreement, Visa
will provide payment programs for credit, debit, prepaid and
commercials cards, as well as merchant acquiring services. As
consumers increasingly look for more choices in how they control
their funds, Visa provides a range of electronic payment product
services that deliver greater choice, convenience, and security.
�Over the past 30-plus years, Visa�s broad range of payment
services has helped us deliver on our promise to provide high
quality products and services to our customers,� said Brian Bieger,
senior vice president, M&I Bank. �From credit and debit cards
to commercial cards, Visa has worked closely with M&I Bank over
the years to provide more convenient, secure and reliable payment
options for their customers,� said Bill Sheedy, President, North
America, Visa Inc. �We look forward to building on our
long-standing partnership and continue to meet the changing needs
of cardholders as we migrate away from paper-based payments toward
electronic payments.� About Visa Inc. Visa Inc. operates the
world's largest retail electronic payments network providing
processing services and payment product platforms. This includes
consumer credit, debit, prepaid and commercial payments, which are
offered under the Visa, Visa Electron, Interlink and PLUS brands.
Visa enjoys unsurpassed acceptance around the world, and Visa/PLUS
is one of the world's largest global ATM networks, offering cash
access in local currency in more than 170 countries. For more
information, visit www.corporate.visa.com About M&I Bank
M&I Bank is an affiliate of Marshall & Ilsley Corporation
(NYSE: MI), a diversified financial services corporation
headquartered in Milwaukee, Wis., with $63.5 billion in assets.
Founded in 1847, M&I Marshall & Ilsley Bank is the largest
Wisconsin-based bank, with 193 offices throughout the state. In
addition, M&I has 52 locations throughout Arizona; 32 offices
in Indianapolis and nearby communities; 31 offices along Florida�s
west coast and in central Florida; 15 offices in Kansas City and
nearby communities; 24 offices in metropolitan Minneapolis/St.
Paul, and one in Duluth, Minn.; and one office in Las Vegas, Nev.
M&I�s Southwest Bank subsidiary has 17 offices in the greater
St. Louis area. M&I also provides trust and investment
management, equipment leasing, mortgage banking, asset-based
lending, financial planning, investments, and insurance services
from offices throughout the country and on the Internet
(www.mibank.com or www.micorp.com). M&I�s customer-based
approach, internal growth, and strategic acquisitions have made
M&I a nationally recognized leader in the financial services
industry.
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