Metavante Begins Electronic Bill Presentment for Clients

More Than 285 Financial Services Clients Now Receive Invoices Electronically



Apr 05, 2001, 01:00 ET from Metavante Corporation

    MILWAUKEE, April 5 /PRNewswire/ -- Just twelve weeks after completing a
 pilot electronic bill presentment B2B program with five clients, Metavante has
 begun presenting monthly invoices electronically to more than 285 of its
 clients.
     The pilot program, included Advantage Network, Sioux Falls, S.D.; Johnson
 International, Racine, Wis.; Kitsap Bank, Port Orchard, Wash.; M&I Bank,
 Milwaukee; and S&T Bank, Indiana, Penn.
     "We've experienced significant time savings related to paying our monthly
 Metavante bill," said Rob Werner, vice president-operations, S&T Bank. "Now
 that we can download our invoice detail, we no longer spend time keying it
 into a spreadsheet. This has simplified the process of analyzing our internal
 expenses and allocating our data processing costs."
     When a client's monthly e-bill is available for viewing, an e-mail
 notification is sent to the institution's authorized recipient.  The client
 then accesses a secure Web site to view the invoice and download the data.
 Totals by institution and application can be viewed online, and detail line
 items and summary information are available in a data download from the Web.
 Online bills are available for three months.
     "Offering our electronic bill presentment solution to our own clients was
 a logical response to their desire to save time by streamlining their payment
 process. Based on the response we've had so far, we're confident that many
 more of our clients will choose this option," said Nancy Langer, president,
 Metavante Electronic Presentment and Payment.  "This effort is a natural
 extension of our electronic presentment expertise, which is backed by multiple
 levels of security and an emphasis on support, such as a dedicated help desk
 and support team.
     "Presenting our clients with their invoices electronically is one of
 several first steps toward changing the way businesses handle their invoice
 and payables process," said Langer.  "We view this new process as an
 indication of where businesses are headed, both in terms of
 business-to-business and as adoption carries forward, in business-to-consumer
 delivery of monthly statements and invoices, which will often be paid through
 an electronic transaction."
     The Metavante Electronic Presentment and Payment solution leverages the
 company's leading electronic bill payment engine, CSF document composition
 software and superior customer care.  According to Langer, this combination
 provides clients with unmatched scalability and flexibility, which allows for
 easy integration with existing infrastructure.
 
     About Metavante Corporation
     With more than 3,300 clients, including the largest 20 banks in the United
 States, Metavante Corporation is a leading financial services enabler --
 providing virtually all of the technology that an organization needs to offer
 financial services.  Metavante offers customer relationship management,
 electronic banking, electronic funds transfer and card solutions, electronic
 presentment and payment, financial technology services, private label banking,
 and wealth management solutions.  Headquartered in Milwaukee, Wis., Metavante
 is wholly owned by the Marshall & Ilsley Corporation (NYSE:   MI).  For more
 information, see www.metavante.com .
 
     CONTACT:  Kathy Sieja of Metavante Corporation, 414-357-2608, or
 kathy.sieja@metavante.com .
 
 

SOURCE Metavante Corporation
    MILWAUKEE, April 5 /PRNewswire/ -- Just twelve weeks after completing a
 pilot electronic bill presentment B2B program with five clients, Metavante has
 begun presenting monthly invoices electronically to more than 285 of its
 clients.
     The pilot program, included Advantage Network, Sioux Falls, S.D.; Johnson
 International, Racine, Wis.; Kitsap Bank, Port Orchard, Wash.; M&I Bank,
 Milwaukee; and S&T Bank, Indiana, Penn.
     "We've experienced significant time savings related to paying our monthly
 Metavante bill," said Rob Werner, vice president-operations, S&T Bank. "Now
 that we can download our invoice detail, we no longer spend time keying it
 into a spreadsheet. This has simplified the process of analyzing our internal
 expenses and allocating our data processing costs."
     When a client's monthly e-bill is available for viewing, an e-mail
 notification is sent to the institution's authorized recipient.  The client
 then accesses a secure Web site to view the invoice and download the data.
 Totals by institution and application can be viewed online, and detail line
 items and summary information are available in a data download from the Web.
 Online bills are available for three months.
     "Offering our electronic bill presentment solution to our own clients was
 a logical response to their desire to save time by streamlining their payment
 process. Based on the response we've had so far, we're confident that many
 more of our clients will choose this option," said Nancy Langer, president,
 Metavante Electronic Presentment and Payment.  "This effort is a natural
 extension of our electronic presentment expertise, which is backed by multiple
 levels of security and an emphasis on support, such as a dedicated help desk
 and support team.
     "Presenting our clients with their invoices electronically is one of
 several first steps toward changing the way businesses handle their invoice
 and payables process," said Langer.  "We view this new process as an
 indication of where businesses are headed, both in terms of
 business-to-business and as adoption carries forward, in business-to-consumer
 delivery of monthly statements and invoices, which will often be paid through
 an electronic transaction."
     The Metavante Electronic Presentment and Payment solution leverages the
 company's leading electronic bill payment engine, CSF document composition
 software and superior customer care.  According to Langer, this combination
 provides clients with unmatched scalability and flexibility, which allows for
 easy integration with existing infrastructure.
 
     About Metavante Corporation
     With more than 3,300 clients, including the largest 20 banks in the United
 States, Metavante Corporation is a leading financial services enabler --
 providing virtually all of the technology that an organization needs to offer
 financial services.  Metavante offers customer relationship management,
 electronic banking, electronic funds transfer and card solutions, electronic
 presentment and payment, financial technology services, private label banking,
 and wealth management solutions.  Headquartered in Milwaukee, Wis., Metavante
 is wholly owned by the Marshall & Ilsley Corporation (NYSE:   MI).  For more
 information, see www.metavante.com .
 
     CONTACT:  Kathy Sieja of Metavante Corporation, 414-357-2608, or
 kathy.sieja@metavante.com .
 
 SOURCE  Metavante Corporation