20 July 2018
Visit www.avoka.com

Chesapeake Bank migrates to Metavante merchant processing platform

01 November 2004  |  518 views  |  0 Source: Metavante

Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE:MI), today announced that Chesapeake Bank has migrated to Metavante for merchant processing and related services. Chesapeake Bank, headquartered in Kilmarnock, Va., is a subsidiary of Chesapeake Financial Shares, Inc. (NYSE: CPKF) with assets exceeding $340 million.

From its comprehensive Payments Solutions Group, Metavante is providing Chesapeake Bank with merchant processing services, including settlement and accounting solutions, fraud detection and online tools to help Chesapeake's merchants better manage their businesses. In addition, these services are enabling Chesapeake Bank to more efficiently handle its merchant portfolio.

"Chesapeake Bank has over 600 merchants in its portfolio, which is a significant number for a community bank like ourselves," said Bryan Edmonds, vice president, director of business services, Chesapeake Bank. "It was essential we partner with an organization that can sustain the rapid growth of our merchant portfolio while providing the service and technology capability to meet our strategic growth objectives."

"This merchant processing agreement represents Metavante's ability to help a financial institution like Chesapeake Bank meet its aggressive growth objectives," said Frank D'Angelo, senior executive vice president and group executive, Metavante Payments Solutions Group. "Metavante has assembled a complete payment solution with the most comprehensive set of card processing and remittance services available in the industry today."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit iliad-solutions.com/Visit https://secure.vasco.comVisit info.nice.com

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12704 views comments | 6 tweets | 7 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
10137 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9664 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
6610 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
6423 views comments | 2 tweets | 7 linkedin

Featured job

Find your next job