19 October 2017

Metavante signs First National Security Company to Bankway platform

12 October 2006  |  1982 views  |  0 Source: Metavante Corporation

Metavante Corporation, the banking and payments technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today announced that First National Security Company has signed a long-term agreement for core processing services from Metavante Banking Solutions—Bankway.

With assets exceeding $850 Million, First National Security Company is headquartered in DeQueen, Ark.

Bankway, Metavante's licensed, in-house core banking software, is a single, customer-centric database that allows bank personnel to complete transactions at the point of service. Financial institutions can easily tailor their products and services to meet the unique demands of their market, while reducing the high costs associated with custom programming. Additionally, Bankway's open system design allows for seamless integration with third-party surround systems such as Internet banking and voice response systems.

"As we strive to build an organization that can expand both in terms of asset size and geography, we wanted a partner that could support our growth fully. Bankway's scalable architecture will allow us to grow without the need to convert to another package." said Ray Mashburn, vice president, First National Security Company. "In addition to satisfying all of our business objectives, Bankway offered us a very predictable cost of ownership with their asset-based price model. These stabilized costs give our bank a clear vision of the solution cost today, and in the future."

Unique in the industry, Bankway's pricing is based on a bank's asset size, which is adjusted for growth. Since there are no additional charges for services such as support, new features, or regulatory changes, financial institutions can more easily predict their cost of ownership.

"First National Security's selection of Bankway as their core processing system confirms our market value of providing world-class customer service, unparalleled core system feature function, a 'no surprises, all-inclusive core licensing model' and predictable cost pro forma," said Rachel Landrum, president, Metavante Banking Solutions—Bankway. "We are looking forward to serving as First National Security's strategic technology provider in the years to come."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.niceactimize.com

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15851 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8975 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8081 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7162 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6302 views comments | 6 tweets | 3 linkedin

Featured job

Find your next job