MBI

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Description

In July 2005 MBI was acquired by Metavante Corporation the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI). MBI is a part of the Healthcare Payment Solutions division at Metavante which provides a complete range of healthcare payment products. Metavante Healthcare Payments offers a consumer-directed health benefits payment platform plus the country’s leading employee benefits card – electronically accessing FSAs, HRAs, health savings accounts, transit/parking accounts and dependent care accounts. Metavante provides medical identification cards, combination eligibility/payment cards, and the ability to access multiple benefits accounts from a single card. Metavante also provides a comprehensive FSA/HSA/HRA platform that provides all the technology a financial institution, health insurance company, third-party administrator, or commercial business needs to offer these accounts. Services include account processing, trustee services, checks and debit cards, online and phone access to account information, investment options, regulatory reporting and related data translation and movement between payers, providers and consumers.Metavante Corporation is redefining banking and payments to financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer health care payments, and electronic presentment and payment. Headquartered in Milwaukee, Metavante (www.metavante.com) is wholly owned by Marshall & Ilsley Corporation (NYSE: MI).

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