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MIRAMAR, Fla., NORCROSS, Ga. and GREENSBORO, N.C., Feb. 28 /PRNewswire/ -- CU Business Capital, LLC and Postilion, a leading global provider of integrated solutions for self-service banking and payment processing and a division of S1 Corporation (Nasdaq: SONE), announce the signing of a new credit union client: Premier Federal Credit Union based in Greensboro, NC. Premier Federal Credit Union is leveraging the marketing relationship established last year between CU Business Capital and Postilion to deploy online member business services.
The small business market represents a tremendous opportunity for credit unions, with 25.8 million small businesses in the US accounting for 60 to 80 percent of net new jobs over the past decade, according to the US Small Business Administration. Credit unions are well poised to expand their services and build member loyalty, as well as improve overall profitability by providing member business services. Postilion and CU Business Capital together provide a complete business services program to help credit unions expand membership and asset growth with solutions like Postilion's Online Member Business Services solution, and CUBC's remote deposit capture.
"As a credit union that services businesses, we must be able to deliver robust services and applications that will enable our members to oversee all aspects of their business, including managing their cash flow online," said Willie Combs, CEO, Premier Federal Credit Union. "The Postilion Online Member Business Services solution allows us to deliver an application that ensures our business members have an exceptional online experience. Furthermore, we are able to leverage our relationship with CU Business Capital to deliver a complete suite of business services to our members."
"We are pleased that Premier Federal Credit Union has chosen Postilion to deliver online member business services," said Pierre Naude, General Manager, Postilion Americas. "Offering a complete member business services package is an important differentiator for credit unions. Our partnership with CU Business Capital enables credit unions to quickly take to market a complete online banking solution that allows member business owners to gain greater control over their finances, and helps credit unions to tap into the growing business services revenue opportunity."
Postilion provides credit unions a comprehensive member business services solution through the Internet, which includes features and functionality that businesses can utilize to manage their cash flow online, including bill payment, ACH origination and receipts, payroll services, wire transfers, and funds transfers.
About Premier Federal Credit Union
Premier FCU has been providing affordable, quality services to its members since 1963. Currently serving 25,000 members through remote delivery channels and 9 branch offices, Premier offers a full range of financial services. Premier's main office is located in Greensboro, NC.
www.premierfcu.org
About CU Business Capital, LLC
CUBC is a national CUSO focused on helping credit unions offer a full suite of business services including business lending, business deposits, cash management, remote capture, merchant services, business debit and credit cards, training, and consulting. These services are supported with "best-in- class" technology, operational procedures, training, and policies. Its staff is comprised of experienced business lending and cash management professionals, who work with leading industry vendors as strategic partners. CUBC's approach incorporates existing core systems in making decisions to offer business services. More information is available at www.cubusinesscapital.com
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 over 1,500 customers in more than 50 countries. Postilion solutions drive self-service financial transactions and payments, including advanced transactions such as prepay, through Internet access points, ATMs, POS terminals, and phones.
More than 100,000 ATMs and 380,000 POS terminals worldwide run on Postilion solutions. In the United States, over 1,250 credit unions and community financial institutions use Postilion solutions. Built on open systems, Postilion solutions provide consolidated management information, card management, 3DES and EMV enablement, and loyalty management. At the forefront of compliance with new regulations and security enhancements, such as the Payment Card Industry Data Security Standard (PCI DSS) and Visa's Payment Application Best Practices (PABP), Postilion can help customers achieve compliance with the latest data security standards developed by the payment card industry. More information is available at www.postilion.com.
About S1 Corporation
S1 Corporation (Nasdaq: SONE - News) delivers customer interaction software for financial and payment services and offers unique solution sets for financial institutions, retailers, and processors under three brand names: Postilion, S1 Enterprise and FSB Solutions. Additional information about S1 solutions is available at www.s1.com, www.postilion.com, www.S1enterprise.com, and www.fsb-solutions.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 www.s1.com or the SEC's web site at 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 Postilion
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