Metavante Becomes Online Bill Payment Provider to Corporate Network eCom
August 14 2007 - 8:05AM
Business Wire
Metavante Corporation, the banking and payments technology
subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today
announced Corporate Network eCom� (eCom) has named Metavante its
provider of online bill payment solutions and will resell
Metavante�s entire electronic presentment and payment solution.
eCom, a credit union service organization, is a majority-owned
subsidiary of U.S. Central�. Created to provide online bill payment
solutions exclusively to corporate credit unions and their member
credit unions, eCom will convert its more than 200 existing credit
unions to Metavante online bill payment solutions in 2008. Through
the Metavante-eCom relationship, corporate credit unions and their
member credit unions now have access to a wide-ranging and flexible
set of online bill payment deployment options, everything from
remittance processing to a fully hosted electronic presentment and
payment solution. �eCom has committed itself to delivering
cost-effective, flexible and customizable bill pay services that
corporate credit unions, credit unions and their members will find
easy to use. Before choosing Metavante, our due diligence had to
confirm that Metavante solutions can deliver on the specific
requirements of credit unions and enhance their Internet service
offerings in a way that helps build stronger member relationships,�
said Marcie Haitema, executive vice president of correspondent
services for U.S. Central and presiding manager of eCom. �Beyond
its technical excellence around bill pay, Metavante has clearly
demonstrated its ability to collaborate with eCom, exhibiting a
core commitment to the usability of online bill pay from the
perspective of the consumer.� �As a result of eCom�s arrangement
with Metavante and its strong relationship with U.S. Central,
Metavante has an attractive payments opportunity in the credit
union movement,� said Dave Fortney, Metavante chief technology
officer. �eCom has entrusted Metavante to be its provider of online
bill payment solutions for corporate credit unions and their member
credit unions, and we will make good on eCom�s recommendation by
focusing on satisfaction with a quality of service only a
broad-based payments provider can deliver. Helping eCom build
strong payments technology solutions for corporate credit unions,
and in turn, credit unions, will be a measure of our success.�
Metavante Payment Solutions delivers electronic money movement
through an integrated payments network, including an ATM/PIN-debit
network in NYCE, a check image exchange network in Endpoint
Exchange, online bill pay, healthcare payment solutions, a suite of
payment cards and automated clearing house (ACH) processing.
Metavante can help clients grow revenue by capitalizing on the
expanding electronic payments markets, including financial,
healthcare and government payments. Metavante offers clients the
efficient and integrated resources necessary to offer their
customers one of the broadest ranges of payment options and touch
points. About Corporate Network eCom Corporate Network eCom, LLC
(eCom) is a credit union service organization (CUSO) and a
majority-owned subsidiary of U.S. Central. eCom partners with
corporate credit unions to provide credit unions cost-effective,
flexible, customizable and easy to use electronic solutions to
enhance their Internet service offerings and help them develop
member relationships. (www.memberstreet.com) About U.S. Central
U.S. Central is the wholesale financial center for the nation�s
corporate credit unions. Founded in 1974, U.S. Central is owned and
directed by its member corporate credit unions, in the tradition of
the cooperative credit union spirit. As the "credit union for
corporate credit unions," U.S. Central exists solely to assist them
in serving 8,800 credit unions across the country. Currently, U.S.
Central�s assets total approximately $50.6 billion.
(www.uscentral.coop) 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. Metavante is a registered
trademark of Metavante Corporation.
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