Visa and M&I Bank Continue 30-Year Partnership
Wisconsin-Based Bank to Continue Issuing Visa Credit, Debit and Commercial Solutions
SAN FRANCISCO, CA.- Visa Inc. (NYSE: V) today announced it has signed a seven-year agreement to renew its partnership with Wisconsin-based M&I Marshall & Ilsley Bank (M&I Bank), an affiliate of Marshall & Ilsley Corporation (NYSE: MI). M&I Bank’s relationship with Visa began in 1977.
Under the terms of the agreement, Visa will provide payment programs for credit, debit, prepaid and commercials cards, as well as merchant acquiring services. As consumers increasingly look for more choices in how they control their funds, Visa provides a range of electronic payment product services that deliver greater choice, convenience, and security.
“Over the past 30-plus years, Visa’s broad range of payment services has helped us deliver on our promise to provide high quality products and services to our customers,” said Brian Bieger, senior vice president, M&I Bank.
“From credit and debit cards to commercial cards, Visa has worked closely with M&I Bank over the years to provide more convenient, secure and reliable payment options for their customers,” said Bill Sheedy, President, North America, Visa Inc. “We look forward to building on our long-standing partnership and continue to meet the changing needs of cardholders as we migrate away from paper-based payments toward electronic payments.”
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