American Bank & Trust signs for Metavante outsourced core processing system

American Bank & Trust signs for Metavante outsourced core processing system

Metavante Corporation is providing American Bank & Trust with a suite of banking and payments services that include core account processing, item processing and electronic funds transfer and card services.

In addition, American Bank & Trust will employ Sendpoint, Metavante’s outsourced distributed image capture service, to capture, receive, and aggregate cheque image deposits from anywhere payment capture occurs.

American Bank and Trust is headquartered in Davenport, Iowa, with bank locations in eastern Iowa and throughout northern Illinois. John T. Kustes, executive vice president, operations, American Bank & Trust, says, "We are a growth-oriented company with a very aggressive strategic plan. After extensive comparison and due diligence among several of the top core processing providers in the industry, our selection committee found Metavante to be the most resourceful, progressive and economical choice for our future. Metavante’s demonstrated service levels, accountability and team approach to core processing makes us feel as if we’ve added extensive technology resources to our company without having to incur additional personnel expenses."

Jamie Geschke, president, Metavante Banking and Trust Solutions, says, "American Bank & Trust explained to us where they are today and what they desire to become in the future. We clearly demonstrated that Metavante has the knowledge, experience and proven systems in place to enable them to increase its market presence."

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