Beyond Credit and Debit: Metavante Expanding Rewards to Online Bill Pay.Credit, Debit and Online Bill Pay rewards all on one platform MILWAUKEE -- Metavante Corporation Metavante is a company that provides financial technology services and software to its customers, consisting primarily of small to large sized financial institutions. The $1.5 billion organization is headquartered in Milwaukee, Wisconsin and employs over 5,600 employees in 35 U.S. today announced it is expanding its Points2U rewards program to include its online bill payment service. By growing the program's scope beyond credit and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. programs, Metavante has empowered financial institutions to award points for online bill payment activity. Financial institutions now have the option of deploying an integrated rewards program for any combination of credit, debit or electronic bill payment services. Metavante is the banking and payments technology subsidiary of Marshall & Ilsley Corporation (NYSE NYSE See: New York Stock Exchange : MI). "Integrating online bill payment into our rewards program enables financial institutions to further improve customer loyalty and drive transaction activity," said Frank D'Angelo, group president, Metavante Payment Solutions. "Online bill pay and card-based rewards programs are two proven customer retention tools. Combining them will compound their appeal and allow our clients to reward their customers for using multiple products. We're delivering value at the relationship level in addition to increasing product functionality. By helping our clients compete more effectively, Metavante sets its clients, and itself, apart from others in the payments marketplace." Metavante Points2U is a points-based rewards program for credit card, debit card and online bill payment programs. Featuring easy implementation, minimal upfront expense and a customizable rewards website, Points2U enables financial institutions to offer rewards their customers want, such as merchandise, gift cards and flexible travel certificates. Customers accumulating points through a Points2U rewards program can redeem redeem v. to buy back, as when an owner who had mortgaged his/her real property pays off the debt. The term also refers to paying the amount due and all charges after a foreclosure (due to failure to make payments when due) has begun. them at either a bank-branded rewards website or 24/7 call center. About Metavante Metavante Corporation delivers banking and payments technologies to 8,600 financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. 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 See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. , consumer healthcare payments, electronic presentment presentment: see indictment. 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 publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . Metavante and Points2U are registered trademarks of Metavante Corporation. |
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