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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

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To: Ed Flynn who wrote (19760)8/26/2002 8:58:17 AM
From: StocksMan  Read Replies (1) of 20297
 
Metavante Completes Spectrum Acquisition; Transaction Switch Complements The Metavante End-to-End Electronic Presentment and Payment Solution

Monday August 26, 8:02 am ET

MILWAUKEE, Aug. 26 /PRNewswire-FirstCall/ -- Metavante Corporation has completed the purchase of the assets of Spectrum EBP, LLC, a privately held, open, interoperable switch for exchanging online bills and payments. Metavante is the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI - News).

"Metavante will now provide its financial institution clients and direct billers with Spectrum's industry-leading switch technology through our end-to-end electronic presentment and payment platform. This link will enable the delivery of bills from many billers to more consumers," said Joseph L. Delgadillo, Metavante president and chief executive officer. "We are committed to accelerating the foundation built by Spectrum's founding members and providing open standards and communication to all distribution paths necessary to build the critical mass of bills for the end user. . ."

biz.yahoo.com
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