Metavante Acquires Valutec, Expanding Prepaid and Gift Card Solutions.

Leading provider of merchant-branded gift card programs for small and mid-size businesses joins Metavante Payment Solutions Group

MILWAUKEE -- Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today announced the acquisition of Valutec Card Solutions, Inc., of Franklin, Tenn. The company will continue to operate under the Valutec name, and will become a Metavante company.

Terms of the transaction were not disclosed. The purchase is not expected to have a material impact on the financial results of Metavante or Marshall & Ilsley Corporation (M&I).

Valutec is a leading provider of closed-loop, in-store gift and loyalty card solutions to small and medium-sized businesses, including hosted account management, reporting capabilities, plastic card design and production, along with card program merchandising products. Metavante already offers a variety of open-loop, network-branded card solutions.

"Valutec presents Metavante with an additional opportunity to extend its prepaid and gift card solutions technology, support, development and sales channels into another market," said Frank Martire, Metavante president and chief executive officer. "Acquiring Valutec helps round out Metavante's ability to offer a wider selection of prepaid gift card options to our merchant customer base," he said.

Through the Valutec acquisition, current Metavante financial institution clients will also be able to offer merchant-branded cards and services to their merchant customers, deepening those relationships and helping to increase the institution's profitability.

"Merchant-branded cards help create and increase customer loyalty, and an increasing number of small to medium-sized merchants are viewing these programs as an attractive and effective sales, marketing and customer retention tool," said Frank D'Angelo, group president, Metavante Payment Solutions Group. "Offering Metavante clients closed-loop, prepaid card programs in addition to our network-branded open-loop cards not only helps their merchant customers create customer loyalty and increase customer retention, it also provides Metavante with a predictable, rising revenue stream," he said.

According to Bill Horne, Valutec president and chief executive officer, the in-house gift card capabilities of Valutec will blend well with existing Metavante card solutions. "We are very pleased to join with Metavante and offer merchants another payment option to their customers," he said.

Metavante Payment Solutions delivers electronic money movement through an integrated payments network, including an ATM/PIN debit network in NYCE, online bill pay, a complete suite of payment cards and ACH processing. Metavante helps clients grow revenue by capitalizing on the expanding electronic payments markets including financial, healthcare payments. Metavante offers clients the efficient, comprehensive and integrated resources necessary to offer their customers the broadest range of payment options and touch points.

About Valutec

Valutec Card Solutions is the leading provider of turnkey gift and loyalty card services to small and mid-market general and specialty retail, restaurant, spa/beauty salon and hospitality merchants. Headquartered in Franklin, Tenn., the privately-held company currently services over 13,000 merchants in over 30,000 locations (www.valutec.net).

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 of Metavante Corporation.

This press release contains forward-looking statements concerning M&I's, Metavante's and Valutec's future financial results and operations, including expected closing dates, and operating activities. Such statements are subject to important factors which could cause M&I's and Metavante's actual results to differ materially from those anticipated by the forward-looking statements. These factors include (a) receipt of regulatory approvals without unexpected delays or conditions; (b) timely implementation and execution of integration plans; (c) retention of customers and critical employees; (d) successfully leveraging the Metavante/Valutec comprehensive product offering to the combined customer base; (e) unanticipated changes in laws, regulations, or other industry standards affecting Metavante/Valutec businesses which require significant product redevelopment efforts, reduce the market for or value of its products or render products obsolete; (f) successful management of any impact from slowing economic conditions or consumer spending; (g) no catastrophic events that could impact Metavante/Valutec or its major customers' operating facilities, communication systems and technology or that has a material negative impact on current economic conditions or levels of consumer spending; (h) no material breach of security of any Metavante/Valutec systems; and (i) those referenced in M&I's Annual Report on Form 10-K for the year ended December 31, 2005, under the heading "Forward- Looking Statements" and such other factors as may be described from time to time in M&I's subsequent SEC filings, which factors are incorporated herein by reference.