News

Metavante renews contracts for MBI Benefits cards

May 14, 2006

MILWAUKEE - Metavante Corp. announced that it has established several third-party administrator clients that have made long-term commitments to continue receiving the MBI Benefits debit card and use the company's integrated cash management and healthcare payment platform.

Metavante is the financial-technology subsidiary of Marshall & Ilsley Corp.

According to a news release, Metavante MBI Benefits clients include Benefit Strategies LLC, Flexible Corporate Plans, Hirsch Financial Services Inc., Key Benefit Administrators, Nyhart/Alliance Benefit Group of Indiana, Total Administrative Services Corp., Discovery Benefits and ProcessWorks Inc.

Renewing clients link the MBI Benefits Card, a nationally accepted MasterCard or Visa debit card, to employee benefit accounts.

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.