Metavante Completes Brasfield Acquisition, Broadening Licensed Software Strategy
October 06 2005 - 6:31PM
PR Newswire (US)
MILWAUKEE, Oct. 6 /PRNewswire-FirstCall/ -- Metavante Corporation,
the financial technology subsidiary of Marshall & Ilsley
Corporation (NYSE:MI), has completed its acquisition, announced in
August, of Birmingham, Ala.-based Brasfield Corporation. The
company will become a Metavante subsidiary and continue to operate
under the Brasfield name. "Community banks using the Bankway
software from Kirchman are increasingly looking for a hosted core
processing solution," said Paul Danola, president and chief
operating officer, Metavante Financial Solutions Group. "Brasfield
strengthens our community bank strategy by allowing us to offer a
hosted solution directly to those banks that want to use the
Kirchman Bankway software." Brasfield provides core banking
processing and customer service to community banks which license
and use Bankway software from Kirchman Corporation, a Metavante
company. Brasfield also provides check and document imaging and
check exchange services to over 100 community banks in the
Southeast. About Metavante Corporation Metavante Corporation
delivers banking and payment 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 health care payments, and electronic presentment
and payment. Headquartered in Milwaukee, Metavante (
http://www.metavante.com/ ) is wholly owned by Marshall &
Ilsley Corporation (NYSE:MI). Metavante and Kirchman Bankway are
registered trademarks of Metavante Corporation. DATASOURCE:
Metavante Corporation CONTACT: Chip Swearngan of Metavante
Corporation, +1-414-357-3688, Web site: http://www.metavante.com/
Copyright
Marshall & Ilsley (NYSE:MI)
Historical Stock Chart
From Sep 2024 to Oct 2024
Marshall & Ilsley (NYSE:MI)
Historical Stock Chart
From Oct 2023 to Oct 2024
Real-Time news about Marshall & Ilsley Corp (New York Stock Exchange): 0 recent articles
More Marshall & Ilsley News Articles