Self-Service Banking and Internet Bill Pay Align for Postilion and Metavante
22 April 2007
Postilion, a division of S1 Corporation (Nasdaq: SONE) and a leading global provider of integrated solutions for self-service banking and payment processing, today announced an alliance naming Metavante Corporation a strategic provider of electronic presentment and payment (EPP) services. Under the agreement, Postilion and Metavante will deliver a tightly integrated self-service banking solution featuring expanded bill payment capabilities and a seamless e-banking customer experience for financial institutions and their customers in the Americas. Metavante (http://www.metavante.com) is the banking and payments technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI).
"Our alliance with Metavante enables our customers to have multiple options for bill payment services and choose the solution that is right for their business and customers," said Pierre Naude, General Manager of Postilion, Americas. "Our relationship with Metavante will further enable us to focus on our self-service banking strategy while providing our financial institution customers with a bill pay platform scalable and flexible enough to meet their needs, including seamless customer experience integration between the online banking and EPP platforms."
In addition to its enhanced integration technology that provides a consistent customer experience across online banking and electronic bill pay, the Metavante solution offers innovative payment options. Postilion self-service solutions, in concert with Metavante EPP, will offer payment options such as credit and debit card funding for Internet bill pay, along with Metavante Express Payments through same-day electronic processing or overnight check.
The new agreement also includes joint marketing initiatives to promote increased adoption and usage of Metavante electronic presentment and payment products. Delivered through aim(TM), a service offered to client financial institutions that implement Postilion online banking applications to increase adoption and loyalty, customers of Postilion will be able to effectively communicate and market the features and benefits of the enhanced Metavante EPP services to existing customers, while also driving increased enrollment and activation of customers.
"Our investment in an integrated customer experience between Postilion's self service banking solutions and our electronic bill pay platform positions Metavante as an important bill payment collaborator for Postilion," said Dave Fortney, senior vice president, Metavante Electronic Presentment and Payment. "Factor in our unique ability to provide the essential components of a successful payments program, and Metavante's alliance with Postilion truly becomes a compelling advantage for Postilion clients."
With Postilion's 99.999% reliability, reduced hardware footprint and common architecture, financial service providers are able to manage customers across self-service channels from a single management portal, providing full visibility and management of customer data, account history, transaction detail, and channel access. As a result, customer support is more efficient and less costly, while operational costs are minimized, improving the customer's self service experience and satisfaction. Postilion self-service solutions provide banks and credit unions with integrated ATM driving, POS acquiring, voice banking, card management and POS payments, and are integrating IBS retail Internet banking and IBS cash management.
About Metavante
Metavante Corporation delivers banking and payments technologies to 8,600 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, consumer healthcare payments, electronic presentment and payment, and business transformation services. Headquartered in Milwaukee, Metavante (http://www.metavante.com) is wholly owned by Marshall & Ilsley Corporation (NYSE: MI).
About Postilion
Postilion, a division of S1 Corporation (Nasdaq: SONE), is a leading provider of integrated solutions for self-service banking and payment processing. Our offices, on five continents, serve customers in more than 50 countries. The Postilion product drives self-service financial transactions and payments, including advanced transactions such as prepay, through Internet access points, ATMs, POS terminals, and phones. This multi-channel architecture - built on open systems - provides consolidated management information, card management, 3DES and EMV enablement, and loyalty software solutions. Postilion is at the forefront of compliance with new regulations and security enhancements, such as application validation for Visa's Cardholder Information Security Program Payment Application Best Practices (CISP PABP). More information is available at http://www.postilion.com.
About S1 Corporation
S1 Corporation (Nasdaq: SONE) delivers customer interaction software for financial and payment services. Worldwide, more than 3,000 customers use S1 software solutions, which are comprised of applications that address virtually every market segment and every delivery channel. Community banks, regional banks, national banks, credit unions, retailers, telcos, isos and processors all rely on the banking and payments software delivered under three brand names: S1 Enterprise, Postilion and FSB Solutions. Additional information about S1 is available at http://www.s1.com.
Forward-Looking Statements
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act. These statements include statements with respect to our financial condition, results of operations and business. The words "believes," "expects," "may," "will," "should," "projects," "contemplates," "anticipates," "forecasts," "intends" or similar terminology identify forward-looking statements. These statements are based on our beliefs as well as assumptions made using information currently available to us. Because these statements reflect our current views concerning future events, they involve risks, uncertainties and assumptions. Therefore, actual results may differ significantly from the results discussed in the forward-looking statements. The risk factors included in our reports filed with the Securities and Exchange Commission (and available on our web site at http://www.s1.com or the SEC's web site at http://www.sec.gov) provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Except as provided by law, we undertake no obligation to update any forward-looking statement.
Source: prnewswire
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