M&I, Visa renew partnership

M&I Marshall & Ilsley Bank of Milwaukee has entered into a seven-year agreement to renew its partnership with Visa Inc. for Visa to provide payment programs for credit, debit, prepaid and commercials cards, and merchant acquiring services. The agreement extends M&I Bank’s relationship with Visa that began in 1977.

“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 of M&I Bank, an affiliate of Milwaukee-based Marshall & Ilsley Corp. (NYSE: MI). With $63.5 billion in assets, M&I Marshall & Ilsley Bank is the largest Wisconsin-based bank. It has 193 offices throughout the state.

Visa Inc. (NYSE: V) operates the world’s largest retail electronic payments network providing processing services and payment product platforms.

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