Wauwatosa Savings Bank Taps Metavante for Outsourced Banking Technologies.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. , the banking and payments technology subsidiary of Marshall & Ilsley Corporation (NYSE NYSE See: New York Stock Exchange : MI), today announced that Wauwatosa Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. has chosen the Metavante Integrated Banking Solution (IBS IBS Irritable bowel syndrome, see there ) for fully outsourced banking technology services. With more than $1.6 billion in assets, Wauwatosa Savings Bank is headquartered in southeastern Wisconsin. "We selected Metavante after conducting an extensive search across all the major outsourced and in-house financial service providers. Metavante rose far above its competitors in not only understanding the needs of the aggressive bank market, but also with its innovative technology and unparalleled customer service," said Donald J. Stephens, chief executive officer, Wauwatosa Savings Bank. Metavante will provide Wauwatosa Savings Bank with a comprehensive suite of banking and payment technology services through a long-term outsourcing agreement, including core account processing, electronic banking, consulting and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , item processing, and 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. and card services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card. . Continued Stephens, "Another key differentiator was Metavante's consultative services that helped us identify unique opportunities to expand our small business and commercial offerings while continuing to improve operating efficiencies. No other vendor today offers this expansive blend of solutions in a flexible platform to accommodate our future growth objectives." "This agreement is an example of how banks are looking to form strategic partnerships to support their ability to compete, grow and win in their marketplace," said Jamie Geschke, president, Metavante Banking and Trust Solutions. "Metavante will be a one-stop shop One-Stop Shop A company or a location that offers a multitude of services to a client or a customer. The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers. for all of Wauwatosa Savings' technology needs. Our products are tightly integrated to allow clients to service and maintain their customer relationships in the most efficient manner." Metavante Banking Solutions offer the most comprehensive set of integrated products and services for financial service providers that are centered on core customer and account management, specializing in deposit, loan and trust accounts. Metavante also provides its clients flexibility in choosing either a licensed, in-house or an outsourced solution. The Metavante Banking Solutions include core account processing, fully integrated delivery channels, business and marketing analytics, electronic banking, integrated payments, image, risk and compliance solutions, along with business and technology consulting. Metavante Banking Solutions serve over 1,500 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. providers, ranging from community banks to the top 50 U.S. Banks. About Wauwatosa Savings Bank Celebrating its 85th anniversary, Wauwatosa Savings Bank offers services including mortgage, home equity and commercial loan products, checking, savings, certificates of deposit, money market and IRA Ira, in the Bible Ira (ī`rə), in the Bible. 1 Chief officer of David. 2, 3 Two of David's guard. IRA, abbreviation IRA. accounts. The bank currently has seven locations, and is scheduled to open an additional branch in March 2007. Information about Wauwatosa Savings Bank is available at www.wsbonline.com. 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, and electronic presentment and payment. Headquartered in Milwaukee, Metavante (www.metavante.com) is wholly owned by Marshall & Ilsley Corporation (NYSE: MI). Metavante is a registered trademark of Metavante Corporation. |
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