Marshall & Ilsley's Origins(TM) Subsidiary and AAA Team
24 April 2000
Marshall & Ilsley's Origins(TM) Subsidiary and AAA Team to Bring Virtual Banking to Potentially 37 Million Members NationwideOrigins(TM), a Leading Provider of Financial Products and Operational Services, Joins Forces With Nation's Federation of Affiliated Automobile Clubs MILWAUKEE, April 24 Marshall & Ilsley Corporation (NYSE: MI) (M&I) today announced AAA has selected M&I, and its subsidiary companies, M&I Data Services, its Origins division, and M&I Bank, to provide banking products and services to potentially more than 37 million AAA members in the United States. Origins will provide AAA with its comprehensive virtual banking capabilities. Origins, in conjunction with M&I Bank, will also supply a wide range of deposit and loan products. Available to AAA members of participating clubs, the products will be branded as AAA, and supported 24 hours a day, seven days a week through AAA club web sites and M&I's ISO9002-certified customer services. "We are very pleased to enter into a partnership with M&I and Origins," said Scott Denman, managing director, AAA Financial Services. "We are thrilled to team with an organization as reputable and well-known as AAA," said Greg Schmieding, senior vice president and general manager, Origins. "We are also pleased to see that organizations like AAA are realizing the value and benefits of our comprehensive Origins solution, combined with our virtual banking capabilities," Schmieding added. "By integrating our 150-year banking heritage with our Origins expertise, it's clear we can deliver proven solutions that provide measurable advantages, are flexible and have significant speed-to-market." "This is a great opportunity for Origins to partner with AAA, providing the AAA members with high-quality banking products, delivered with the type of trust and confidence their membership expects," said Tom O'Neill, senior vice president, Marshall & Ilsley Corporation. As North America's largest motoring and leisure travel organization, AAA provides its 43 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit, fully tax-paying AAA has been a leader and advocate for the safety and security of all travelers. Marshall & Ilsley Corporation is a multibank holding company headquartered in Milwaukee, Wis., with $24.9 billion in assets. The Corporation has 26 banks serving the state from more than 200 offices, one bank in Phoenix, Ariz., with 13 offices and one bank in Nevada with offices located Illinois and Florida. In addition, the holding company owns and operates 49 offices throughout the country that provide trust and investment management, equipment leasing, mortgage banking, financial planning, investments and insurance. M&I Data Services, a division of Marshall & Ilsley Corporation, provides leading-edge technology solutions to the financial services industry, offering consulting, software and processing solutions for financial institutions worldwide. M&I Data Services had total revenues of $583 million in 1999.