December 17, 2008
Milwaukee-based M&I Marshall & Ilsley Bank is standardizing its receivables services on RemitEnterprise, a retail and wholesale receivables management platform Metavante (Milwaukee) that enables processors to deliver images and robust transaction data to their treasury management clients.
To continue to grow the value of its treasury management service offerings, M&I Bank decided to upgrade and expand its receivables processing services at its seven processing sites. M&I Bank sought a new lockbox platform that offered the latest technology in payment acceptance and image processing.
RemitEnterprise will support M&I Bank's expanding processing needs across its multi-site footprint, allowing the bank to capture payments in a variety of formats with minimal operator key entry and sets the stage for the bank to consolidate paper-based transactions with electronic payments such as Electronic Data Interchange (EDI), credit card, wire, Automated Clearing House (ACH) and check image exchange.