Metavante (NYSE:MV), a leading provider of banking and payments technology, today announced that First United Bank has expanded its relationship with Metavante through the signing of a long-term core banking agreement. First United Bank is headquartered in Crete, Ill.
First United Bank's agreement with Metavante Corporation encompasses a suite of banking and payment solutions, including Bankway core banking software, OFAC compliance and telephone banking solutions. As part of the agreement, First United Bank will also implement several Metavante check and document imaging solutions, including branch capture, document image and merchant capture products. The agreement marks an expansion of Metavante's current association with the bank, which includes participation in Metavante's NYCE Network for retail PIN-debit and ATM-card access.
"Throughout our exhaustive core processing evaluation, we looked for a provider with a strong service culture that would enable us to consolidate supplier relationships, accommodate our growing commercial and retail banking needs and help us remain competitive in the marketplace," said Mike Kazmierczak, senior vice president and chief financial officer of First United Bank. "Metavante's innovative solutions increase operational efficiency, allowing us to attract new customers while honoring our commitment to provide existing customers with the quality personalized service they've come to expect."
Bankway software is a comprehensive core banking package that uses a single-system, customer-centric architecture. It offers financial institutions an expanded core processing solution with the advantage of strategically organized customer service tools. Bankway software is available as an in-house solution running on multiple hardware platforms, or in a hosted environment.
"It's a privilege for us to expand our relationship with an institution as dedicated to serving the needs of its customers as First United Bank," said Rachel Landrum, president, Metavante Banking Solutions - Bankway. "The functionality and integration between Metavante's Bankway core processing, EFT and image technologies promotes cost and time savings, helping First United Bank to meet its financial and business goals as well as sustain its reputation for excellence in customer service."