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Metavante Corp. - Data Processing -
Category Directory
800-236-3282
4900 W. Brown Deer Road
Brown Deer, WI 53223
www.metavante.com
Sales
$721
million
Business Description
Metavante provides financial technology products, software and services,
including data processing, to financial institutions and other companies in
the United States. Metavante’s clients include large banks, mid-tier and
community banks and other financial services providers. Metavante’s
Financial Services Group provides data processing for deposit and loan
account management, general ledger, customer information systems and data
warehouse services for financial institutions. It also provides trust and
investment account processing and third-party employee benefit plan
administration. Its Electronic Funds Group provides debit, stored-value, and
credit card processing, card personalization, ATM management, transaction
and merchant processing services. The e-Finance Group incorporates
electronic bill presentment and payment services, payment and settlement of
bill payment transactions, and electronic banking products and technology to
consumers and businesses.
Metavante’s revenues consist of fees related to information and transaction
processing services, software licensing and maintenance, conversion services
and other professional services. Maintenance fees include ongoing client
support and product updates. Metavante also receives buyout fees related to
client termination prior to the end of the contract term. The buyout fee is
contractual and based on the estimated remaining contract value. Buyout fees
can vary significantly from quarter to quarter and year to year.
Metavante’s expenses consist primarily of salaries and related expenses and
processing servicing expenses, such as data processing, telecommunications
and equipment expenses. Other operating costs include selling, general and
administrative costs, such as advertising and marketing expenses, travel,
supplies and postage, and the use of outside firms for legal, accounting or
other professional services, and amortization of investments in software,
premises and equipment, conversions and acquired intangible assets.
Data Processing Companies in the Directory
Affiliated Computer Services
Bank of New York
BISYS
Ceridian
DST Systems
EquiServe
Fiserv
NCR
Metavante
SunGard Data Systems
WebMD
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