Metavante inks Asheville Savings Bank contract

Source: Metavante

Metavante (NYSE:MV), a leading provider of banking and payments technology, today announced that Asheville Savings Bank, based in Asheville, N.C., has signed a long-term agreement for a suite of banking products and services.

Asheville Savings Bank is an independent, locally managed bank with 13 offices across western North Carolina.

After a thorough competitive evaluation, Asheville Savings Bank selected Metavante's Integrated Banking Solution to replace its core account processing solution. The extensive agreement includes products from Metavante's Customer Information System (CIS), electronic funds transfer and card, and customer relationship management services. Metavante is also delivering its industry-recognized consumer electronic banking and Online Account Creation products, which target customers who prefer to perform their banking activities using the Internet.

"This decision comes at the end of a string of extensive infrastructure enhancements. As our organization, customer base, and delivery channels continue to expand, we need to ensure we have the right technology in place to support creative financial products and business objectives," said Fred Martin, chief information officer, Asheville Savings Bank. "The strength and scalability of Metavante's product suite offers the right mix of horsepower and flexibility we will need to efficiently manage our anticipated growth. At the same time, NYCE provides solutions that give our customers the access and emerging payment methods they want, all coupled with an eye toward increasing revenue and decreasing costs."

"As the banking landscape continues to become more competitive, banks need to align with a provider that delivers a robust core processing platform and multiple delivery channels - while offering extensive payment capabilities. Metavante keenly fits the bill," said Paul Danola, president, Metavante Financial Institutions Group. "Metavante's ongoing investment commitment, technology advancements and leadership position in core banking and payments solutions ensures financial institutions access to the latest technology and functionality to successfully compete in today's and tomorrow's banking market."

As part of its agreement, Asheville Savings Bank joined the NYCE Network and named NYCE its sole provider of retail PIN debit access, bringing all ATMs and debit cards to the NYCE Network. NYCE Payments Network, LLC, is a leading U.S. debit card payments network and a Metavante company.

"Because Metavante's innovative technologies and NYCE's virtually ubiquitous POS footprint provide institutions with the capabilities they need, their choice comes down to identifying a provider with the strongest value proposition," said Steve Rathgaber, NYCE president and chief operating officer. "As a Southern bank that has put its trust in us with an expansive relationship that includes NYCE exclusivity, Asheville Savings Bank further demonstrates that financial institutions see value in Metavante's proven, integrated banking solutions no matter where they're located."

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