Metavante Corporation Acquires
Printing For Systems, Inc.
December 9, 2003

Application service provider for healthcare insurance joins Electronic Funds Group

MILWAUKEE, Dec. 9, 2003 – Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today announced its acquisition of Printing For Systems, Inc., (PSI) of Madison, Conn. Financial terms of the completed transaction were not disclosed.

PSI is a leading application service provider to the insurance industry, Fortune 500 corporations and progressive marketing organizations, and is a leading provider of identification cards to the healthcare industry. PSI will operate as a Metavante subsidiary within the Metavante Electronic Funds Group.

"By adding Printing For Systems to Metavante, we are leveraging our 40 years of financial technology servicing expertise into the healthcare insurance industry," said Frank R. Martire, Metavante president and chief executive officer. "We are also demonstrating our commitment to supporting the growth of our business, particularly in the dynamic market for electronic funds transfer and card solutions."

With over 65 healthcare insurance industry clients, PSI is one of the largest outsourcers of healthcare insurance plan participant identification data. In 2002, PSI technology drove production to over 48 million cards.

"Printing For Systems will extend the experience, expertise, and success we’ve had in producing debit, prepaid debit, and credit cards for financial institutions, and identification cards and passes for transportation agencies to the healthcare insurance industry," said Frank D’Angelo , executive vice president and group executive, Metavante Electronic Funds Group. "With our recent expansion for card personalization into Sioux Falls, S.D., Metavante has the capacity to provide cards of critical importance to the insurance and other industries where Printing For Systems has established its client base."

PSI offers a complete technology solution for managing time-sensitive data used in combination with web-enabled applications and customized print-ready technologies to ensure on-time delivery of electronic and print media. The company’s systems and processes allow for online viewing and modification, dynamic sectioning and content, business rule-based content, geo-based directory generation and personalization by group or member.

"PSI has already teamed with Metavante to deliver technology that will help decrease health care costs for one of our clients, which is a leading health benefits management company," said Ralph Rotermund, president and co-founder, Printing For Systems. "We were impressed with the flexibility of the Metavante card personalization operation, and felt that they demonstrated the best understanding of our business, and the needs and strategic direction of our clients."

Rotermund and Michael J. Mayhall founded PSI in 1985. Since then, the company has provided solutions for clients such as United Healthcare, Humana, Pitney Bowes and a leading telecommunications provider.

About Printing For Systems

Printing For Systems, Inc., is a leading application service provider to the insurance industry, Fortune 500 corporations and marketing organizations. Printing For Systems has special expertise in complex systems designed to facilitate distribution of electronic and print media data. As a result, Printing For Systems is uniquely qualified to deliver sophisticated end-to-end print and e-Business solutions that provide a competitive advantage to leading corporations. The company combines technical expertise and the highest level of customer service in order to meet the special needs and requirements of customers in a cost-effective and timely manner. Printing For Systems is a leading provider of identification cards to the healthcare industry. For more information, see www.printingforsystems.com.

About Metavante Corporation

To improve the financial experience for more than 5,100 clients – including the largest 20 banks in the United States – and their thousands of customers, Metavante Corporation delivers virtually all of the technology that an organization needs to offer financial services. Metavante offers financial technology solutions that drive customer relationship management, electronic banking, electronic funds transfer and card solutions, electronic presentment and payment, financial technology services, and wealth management. Headquartered in Milwaukee, Wis., Metavante is wholly owned by Marshall & Ilsley Corporation (NYSE: MI). Metavante is a registered trademark of Metavante Corporation. For more information, see www.metavante.com.