Metavante (NYSE:MV), a leading provider of banking and payments technology, today announced that the smartOne Prepaid Solutions division of First National Bank of Omaha renewed its prepaid card processing agreement with Metavante Corporation.
Extending a relationship that began in 2005, First National Bank of Omaha will continue offering its smartOne Prepaid Solutions products and services with account processing and real-time account validation services from Metavante. First National Bank of Omaha's smartOne Prepaid Solutions portfolio includes payroll, reward/incentive and corporate disbursement (travel expenses and relocation funds) prepaid cards.
"Metavante delivers the processing stability and scale we need to facilitate the growth of our smartOne Prepaid Solutions offerings, as well as the flexibility to quickly offer new functionality," said Scott McCormack, vice president, First National Bank of Omaha. "Shared core values between our two companies are at the heart of our relationship, and those shared values allow us to quickly enhance our offerings to meet the needs of the prepaid marketplace."
"Metavante and First National Bank of Omaha align well with each other because both entities share broad payments industry expertise and vision," said Frank D'Angelo, president, Metavante Payment Solutions Group. "As a 'full suite' provider of payments solutions, Metavante focuses on the entire payments landscape, including emerging account access channels. Enabling financial institutions to grow their prepaid card relationships and help corporate clients benefit from the value-added cost and workflow efficiencies of electronic payments is one of our core competencies and part of Metavante's dedicated client support."