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Marshall & Ilsley
Corporation and was designed to be tax-free to Marshall & Ilsley Corporation and its shareholders. As part of the plan, approximately $ 1.75 billion of new Metavante Corporation debt would be arranged by J.P. Morgan Securities Inc. and Morgan Stanley. Metavante Technologies, Inc. began trading on the New York Stock Exchange as an independent publicly traded company on November 1, 2007, under the symbol "MV." The new company had approximately 5,500 employees, and was under the same management as previously, with Frank Martire continuing as president and CEO, and Mike Hayford remaining senior executive vice president and chief operating officer. Upon completion of the transaction, Marshall & Ilsley Corporation shareholders receive one share of Marshall & Ilsley Corporation stock and a further share of Metavante Corporation stock for every three shares of Marshall & Ilsley Corporation stock held.
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Under the investment agreement, Warburg Pincus agreed to invest $ 625 million to acquire an equity stake of 25 percent in
Metavante Corporation. Marshall & Ilsley Corporation shareholders retained 75 percent of the shares of Metavante Corporation. The plan was implemented through the spin-off of
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The company may be best known for its role in ATM network development having hosted the first successful ATM transaction over a shared network known as "TYME" or "Take Your Money
Everywhere". Other products offered by the company are core data processing for financial institutions, online banking
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Payments
Network, VICOR, Inc. (Receivables Information Delivery System (RIDS) Lockbox), VECTORsgi, Advanced Financial Solutions(AFS), GHR, The Kirchman Corporation, Link2Gov, pay1040.com, 401kservices.com, Printing for Systems Inc, Cyberbills and Endpoint Exchange, among others.
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On 3 April 2007, Marshall & Ilsley
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Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, and electronic presentment and payment.
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439:(NYSE: MI). The company established the first Remote Banking operation in the United States in 1967. In 2000 M&I Data Services changed its name to Metavante.
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639:"Marshall & Ilsley Corporation Announces Plans to Split Marshall & Ilsley Corporation and Metavante Corporation into Independent Public Companies"
656:"Fidelity National Information Services, Inc. and Metavante Technologies, Inc., Receive Department of Justice Clearance to Proceed with Planned Merger"
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Metavante corporation was originally formed as M&I Data
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669:Reuters Financial Services & Real Estate
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601:Metavante Backgrounder
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667:Mukherjee, Supantha.
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421:Milwaukee, Wisconsin
353:Timothy Oliver - CFO
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239:August 2009
198:"Metavante"
96:"Metavante"
698:Categories
552:2018-06-19
478:References
382:Net income
345:Key people
209:newspapers
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107:newspapers
36:improve it
306:: MV
298:Traded as
42:talk page
604:Archived
569:Archived
515:cite web
505:April 4,
358:Products
311:Industry
431:History
368:Revenue
321:Founded
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