Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation announced that AmeriServ Financial Bank has renewed its core processing software agreement with Metavante Banking Solutions-Bankway. Based in Johnstown, Penn. AmeriServ Financial is the banking subsidiary of AmeriServ Financial, Inc..
AmeriServ deploys Bankway, an in-house core banking solution, at its more than 21 banking offices throughout western and central Pennsylvania. A long-term client of the Bankway software suite of products and services, this new contract marks a 30-year relationship between AmeriServ and Bankway. In addition to renewing its Bankway agreement, AmeriServ signed an agreement for Metavante’s electronic funds transfer and card services, and will begin participating in the NYCE Network, a leading debit card payments network and a division of Metavante. NYCE will be the sole provider of retail PIN debit access for AmeriServ’s 23,000 cards.
“Our long history together is evidence to the quality of Metavante’s Bankway technology and the level of customer service they deliver. Bankway’s comprehensive offerings give us the tools we need to deliver better customer service and an expanded product line,” said Leo J. Fronczek, senior vice president and chief information officer at AmeriServ. “Our goal is to be the best bank in our marketplace, and Metavante will help us get there.”
Bankway software is a comprehensive core banking package that employs a single-system, customer-centric architecture. It offers financial institutions an expanded core processing solution with the advantage of strategically organized customer information, educational resources, and intuitive customer service tools. Bankway software is available as an in-house solution running on multiple hardware platforms, or in a hosted environment.
“AmeriServ’s continued commitment to our banking services attests to their confidence and belief in our technology to assist them into the future,” said Rachel Landrum, president, Metavante Banking Solutions-Bankway. “The combination of Metavante’s first-class suite of products and dedication to our clients allow us to have long-term relationships with customer-centered banks such as AmeriServ. We are honored to have the opportunity to continue working with them.”
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 providers, ranging from community banks to the top 50 U.S. Banks.
About AmeriServ Financial Bank
AmeriServ Financial, Inc., a bank holding company, is the parent of AmeriServ Financial and AmeriServ Trust & Financial Services Company in Johnstown, Penn. AmeriServ Financial, Inc. trades on the NASDAQ Stock Exchange under the symbol ASRV. For more information, visit: www.ameriservfinancial.com.
About Metavante
Metavante Corporation delivers banking and payments technologies to over 8,600 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). On April 3, 2007, Marshall & Ilsley Corporation announced its plans to split Metavante Corporation and Marshall & Ilsley Corporation into independent publicly traded companies. Metavante and NYCE are registered trademarks and Bankway is a trademark of Metavante Corporation.
