Metavante Technologies Inc. announced Monday that Fulton Financial Corp. of Lancaster, Pa., has agreed to use its technology for check imaging at the branch and item processing.
"Metavante's Direct Branch and VisionIP solutions provided cost savings, making it affordable for us to replace our existing check imaging system with a new, advanced solution that will integrate seamlessly into our environment," Charlotte Anderson, a senior vice president at Fulton, said in the vendor's press release.
The $16.2 billion-asset Fulton operates 268 branches through 10 banks in Pennsylvania, Maryland, Delaware, New Jersey and Virginia, Metavante said.
Metavante said Fulton uses several other of its products and services, including card personalization, risk and compliance, and wealth management.
Metavante, of Milwaukee, agreed this month to sell itself to a larger rival, Fidelity National Information Services Inc. of Jacksonville, Fla., for $2.94 billion in Fidelity stock. The deal is expected to close in the third quarter.
