PRESS RELEASE: http://metavante.mediaroom.com/Metavante and First National Bank of Omaha Renew Prepaid Relationship
June 24, 2009
MILWAUKEE--(EON: Enhanced Online News)--Metavante (NYSE:MV), a leading provider of banking and payments technology, today announced that the smartOne Prepaid Solutions division of First National Bank of Omaha renewed its prepaid card processing agreement with Metavante Corporation.
“Metavante and First National Bank of Omaha align well with each other because both entities share broad payments industry expertise and vision”
Extending a relationship that began in 2005, First National Bank of Omaha will continue offering its smartOne Prepaid Solutions products and services with account processing and real-time account validation services from Metavante. First National Bank of Omaha’s smartOne Prepaid Solutions portfolio includes payroll, reward/incentive and corporate disbursement (travel expenses and relocation funds) prepaid cards.
“Metavante delivers the processing stability and scale we need to facilitate the growth of our smartOne Prepaid Solutions offerings, as well as the flexibility to quickly offer new functionality,” said Scott McCormack, vice president, First National Bank of Omaha. “Shared core values between our two companies are at the heart of our relationship, and those shared values allow us to quickly enhance our offerings to meet the needs of the prepaid marketplace.”
“Metavante and First National Bank of Omaha align well with each other because both entities share broad payments industry expertise and vision,” said Frank D’Angelo, president, Metavante Payment Solutions Group. “As a ‘full suite’ provider of payments solutions, Metavante focuses on the entire payments landscape, including emerging account access channels. Enabling financial institutions to grow their prepaid card relationships and help corporate clients benefit from the value-added cost and workflow efficiencies of electronic payments is one of our core competencies and part of Metavante’s dedicated client support.”
Metavante Payment Solutions drive the marketplace transition from paper to electronic payments with an integrated suite of payments solutions featuring enterprise-wide fraud prevention/monitoring and risk management. Metavante offers an ATM/PIN-debit network in NYCE, mobile financial services, online bill pay, government payments, credit and debit payment cards, merchant-issued and network-branded prepaid cards, as well as automated clearing house (ACH) and check image processing. Metavante also offers consumer healthcare payment solutions for patients, providers, plan administrators and financial institutions. Metavante offers clients the efficient and integrated resources necessary to offer their customers a broad range of payment options and touch points.
About smartOne Prepaid Solutions
smartOne Prepaid Solutions from First National Bank of Omaha offer secure, creative and innovative prepaid programs to businesses and organizations throughout the United States. Built on a half century of card issuing expertise, smartOne uses a flexible and nimble methodology to provide custom prepaid card design, branding, and program management while offering superior customer service and value. For more information, visit www.smartonesolutions.com.
About First National Bank of Omaha
First National Bank of Omaha is a subsidiary of First National of Nebraska, Inc. First National of Nebraska has grown into the largest privately owned banking company in the United States. First National Bank of Omaha and its affiliates have $21 billion in managed assets and more than 8,000 employee associates located in 35 states. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas.
About Metavante
Metavante Technologies, Inc. (NYSE:MV) is the parent company of Metavante Corporation. Metavante Corporation delivers banking and payments technologies to approximately 8,000 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, outsourcing, and payment network solutions including the NYCE Network, a leading ATM/PIN debit network. Metavante (www.metavante.com) is headquartered in Milwaukee.
Metavante and NYCE are registered trademarks of Metavante Corporation, which is the principal subsidiary of Metavante Technologies, Inc.
