Wausau Financial Systems signs agreement to offer Metavante electronic presentment and payment solutions

MOSINEE, Wis., March 4, 2003 — Wausau Financial Systems (WFS), a provider of financial transaction processing solutions, and Metavante® Corp., a developer of e-commerce solutions, announced a joint marketing agreement to promote the Metavante Electronic Presentment and Payment (EPP) services to WFS payment processing clients.

Under the terms of the agreement, WFS will offer the Metavante EPP solution, a complete end-to-end Internet-based product for gathering application data, presenting electronic invoices and bills, and managing electronic payments, to users of WFS’ Optima3® ImageRPS remittance solution, including in-house financial institution mortgage and consumer loan processors.

The agreement also includes the execution of specific joint marketing activities to further increase the visibility of Metavante EPP solutions among current and prospective WFS remittance and Proof of Deposit (POD) processing clients.

“Our agreement with Wausau gives us an excellent opportunity to introduce our EPP solution to hundreds of diverse organizations already relying on Wausau solutions to process millions of paper and ACH transactions each day,” said Cary Serif, executive vice president and general manager, Metavante Electronic Presentment and Payment. “We are very excited to work with Wausau to deliver a complete Internet-based electronic payment solution to these users.”

“When combining the WFS Optima3 family of products, with Metavante’s EPP solutions, our users gain a truly flexible means of accepting and processing payments from diverse paper and electronic origins,” said Michael Tallitsch, product line manager – remittance solutions at WFS. “Together, these complementary products allow our users to implement a complete billing and transaction processing solution that will meet their needs today and is flexible enough to evolve with the changing patterns of consumers and corporations.

Serving over 3,000 clients, Metavante Electronic Presentment and Payment (EPP) offers a comprehensive, fully scalable, end-to-end solution that allows companies to electronically prepare bills and statements, and enables their customers to receive them and make payments on the Internet.

The Metavante EPP solution provides billers and financial institutions with the industry’s leading technology to automate and streamline document delivery, bill payment, and customer care processes, and with market-leading document composition software. It gives consumers and businesses a bill management service that allows them to view, pay, manage and automate all of their bills – paper or electronic – online. Metavante EPP also delivers a powerful “pay anyone” electronic payment engine for businesses and consumers.

About Metavante

To improve the financial experience for more than 5,100 clients – including the largest 20 banks in the United States – and their thousands of customers, Metavante Corporation delivers virtually all of the technology that an organization needs to offer financial services. Metavante offers financial technology solutions that drive customer relationship management, electronic banking, electronic funds transfer and card solutions, electronic presentment and payment, financial technology services, and wealth management. Headquartered in Milwaukee, Wis., Metavante is wholly owned by Marshall & Ilsley Corporation (NYSE: MI).

About Wausau Financial Systems

Wausau Financial Systems (WFS) is a specialist in the development and implementation of knowledge-based products for the payment and transaction processing industry. WFS provides transaction-processing applications for all size companies ranging from large, multi-national corporations to independent local financial institutions, government and non-profit entities worldwide.

In addition to software and hardware options, WFS offers comprehensive training, consultation, international image solutions, a unique associate reseller channel, 24-hour customer support, consumable supplies, and a 100% satisfaction guarantee. Currently, Wausau Financial Systems employs more than 350 associates supporting over 650 customer sites worldwide, including more than 30 Global and Domestic Fortune® 500 organizations.

Previous articleISO New England wholesale power market opens
Next articleTXU cuts management by 30 percent

No posts to display