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Metavante
www.metavante.com

MILWAUKEE, May 1, 2001 - Metavante Corporation today announced the signing of a definitive agreement to acquire Derivion Corporation, a leading provider of e-bill presentment and payment technology. Derivion is a privately held company based in Atlanta with operations in Toronto, Canada, and London. Terms of the agreement were not disclosed. The transaction, which is subject to regulatory approval, is expected to close in May.

"Our acquisition of Derivion greatly strengthens the Metavante Electronic Presentment and Payment solution suite by delivering a comprehensive source of presentment solutions, including business to consumer, business to business, and small business," said Joseph L. Delgadillo, Metavante president and chief executive officer.

Derivion brings to Metavante more than 85 biller relationships, including Zurich North America, GE Capital Auto Financial Services, Florida Power, Baltimore Gas and Electric, Farmers Insurance Group, Cingular Wireless of Puerto Rico and Microcell Solutions, the third-largest cellular service provider in Canada.

"This is great news for our customers and employees and we are excited to be teaming these two companies together," said Greg Rable, Derivion chief executive officer. "Combining these companies makes good business sense, takes our industry to the next level and will only help drive increased consumer adoption."

Derivion is a leading e-bill solutions company, delivering comprehensive presentment solutions to automate and streamline bill delivery, payment and customer care processes. Derivion enables billers of all sizes with three core e-billing solutions. The company has an extensive network of 26 partnerships in electronic bill distribution and payment processing, and leads the industry with pioneering technology and services. Derivion currently has 275 million bills annually under contract and more than 76,000 end-users enrolled.

The acquisition furthers Metavante's strategy to enhance its industry leadership position by investing in high-growth markets.

"We believe that Metavante's acquisition of Derivion will couple the dynamic presentment technology platform from Derivion with the solid, service- oriented and broader electronic bill presentment and payment offerings of Metavante," said Ron Braco, president and chief operating officer of Spectrum EBP, LLC. "With Metavante being a close partner of Spectrum, this transaction will further enhance our valued relationship moving collectively in the EBPP space."

"The addition of Derivion's well-designed products, scalable systems and compatible technology architecture significantly strengthens Metavante's competitive position in the electronic presentment and payment market," said Nancy Langer, president and general manager, Metavante Electronic Presentment and Payment. "This move also reflects our commitment to invest in leading technologies to help our clients deliver advanced presentment services to their customers."

With more than 2,000 existing Electronic Presentment and Payment clients, including four of the nation's top 10 financial services institutions, Metavante offers a complete, scalable and open solution that leverages a leading electronic bill pay engine, document composition software and superior customer care.

About Derivion:
Derivion is the leading e-billing solutions company that delivers comprehensive B2C, B2B, and small business applications to automate and streamline bill delivery, payment, and customer care processes. Derivion enables billers of all sizes with three core e-billing solutions: inetBiller®, inetBiller B2B®, and a small business e-billing solution. Derivion has an extensive network of 26 partnerships in electronic bill distribution and payment processing and leads the industry with pioneering technology and multi-layered services, currently working with 85 billers to annually digitize over 275 million bills. Founded in 1998, Derivion is headquartered in Atlanta, Georgia, and maintains research, development, and additional sales offices in Toronto, Canada. For more information about Derivion, please visit www.derivion.com.

About Metavante Corporation:
With more than 3,500 clients, including the largest 20 banks in the United States, Metavante Corporation is a leading financial services enabler - providing virtually all of the technology that an organization needs to offer financial services. Metavante offers customer relationship management, electronic banking, electronic funds transfer and card solutions, electronic presentment and payment, financial technology services, private label banking, and wealth management solutions. Headquartered in Milwaukee, Wis.,

Metavante is wholly owned by the Marshall & Ilsley Corporation (NYSE: MI). For more information, see www.metavante.com.

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