Volkswagen Bank USA Chooses Metavante for Comprehensive Banking and Payment Solutions

Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today announced that Volkswagen Bank USA, a wholly owned subsidiary of VW Credit, Inc., has signed a long-term agreement with Metavante. Under the contract, Metavante will provide banking and payment services including financial account processing and customer relationship management, electronic banking, and electronic funds transfer and card services.

"It is essential we partner with a provider that understands the importance of leveraging Volkswagen and is committed to helping us uphold our image in the marketplace," said Glen Jones, chief risk and operations officer, Volkswagen Bank USA. "Leveraging Metavante's bank technology and transaction processing infrastructure, we will be better positioned to offer our customers additional financial services and products that will be conveniently accessed, and uniquely packaged to appeal to our loyal Volkswagen drivers, as well as to Volkswagen enthusiasts and prospective customers."

With over $513 million in assets, Volkswagen Bank USA has been in operation since January 2002 and offers traditional loan products to current and prospective owners of Volkswagen vehicles. After implementing the Metavante solution, Volkswagen Bank USA offerings will include a full range of deposit services including certificate of deposit and negotiable order of withdrawal accounts, consumer electronic banking, online bill payment and ATM and debit card services.

Volkswagen Bank USA's primary distribution network will be the Internet, using Metavante on-line applications. Metavante anticipates establishing Volkswagen Bank USA on its integrated banking and payment platform in the third quarter of 2004.

"Choosing the Metavante suite of offerings, Volkswagen Bank USA will now enter the market quickly with our proven technology and applications," said Paul T. Danola, executive vice president, Metavante Financial Services Group. "Through this agreement, Volkswagen will be able to offer numerous value-added banking products and services to further deepen the relationship it has with its loyal customer base."

Metavante Financial Technology Services offers the most comprehensive set of integrated products and services for financial services providers that are centered on customer and account management, specializing in deposit, loan and investment accounts. Solutions include financial account processing, retail delivery systems, card solutions, productivity tools, and trust and professional services. Metavante provides core account outsourcing for over 500 financial services providers, and is a leading deposit system outsourcer for the top 100 U.S. banks.

About Volkswagen of America, Inc.

VW Credit, Inc. is a wholly subsidiary of Volkswagen of America, Inc. Founded in 1955, Volkswagen of America, Inc. is headquartered in Auburn Hills, Michigan. It is a subsidiary of Volkswagen AG, headquartered in Wolfsburg, Germany. Volkswagen is one of the world's largest producers of passenger cars and Europe's largest automaker. Volkswagen of America and its affiliates employ approximately 3,000 people in the United States and is responsible for the sale and service of Audi, Bentley, and Volkswagen products through retail networks comprising in total more than 900 independent U.S. dealers.

About Metavante Corporation

Metavante Corporation delivers banking and payment technologies to financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, and electronic presentment and payment. The company's services are marketed as Metavante or through the AFS, CSF, Kirchman, NYCE, PSI and Paytrust brands, all of which are trademarks of Metavante Corporation. Headquartered in Milwaukee, Metavante (www.metavante.com) is wholly owned by Marshall & Ilsley Corporation (NYSE: MI).

Contact Sam Kim Metavante Corporation 678-533-4861 sam.kim@metavante.com