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London, United Kingdom, 4 March 2008 - Postilion, a division of S1 Corporation and a leading provider of integrated solutions for self-service banking and payment processing, today announced that Peter Bove, a professional in the fields of payment processing and retail banking systems, has joined the company as Executive Vice President of Business Development. Bove will be responsible for leading Postilion's activities with tier one banks across the European market.
Bove has over twenty years of experience in the banking sector, having worked with a wide variety of leading retail banking service providers. He joins Postilion from Fair Isaac, where he was Fraud Sales Director. He previously held international sales and management positions at ACI, Alaric, and NCR.
"Postilion has a strong reputation for innovation and customer focus. Also, the power of its solutions has been recognised by a growing number of leading retailers and processors across Europe and the Middle-East. I am excited to be joining Postilion at a time when we are focusing on further expanding into the tier one banking sector," said Bove.
"Peter brings a significant amount of experience to Postilion that will help us grow our overall presence within the European banking sector," said Grant Wyatt, Senior Vice President and General Manager, Postilion Europe. "His appointment further emphasizes our continued investment in our European business. We are delighted that he has decided to join the Postilion team."
Postilion provides innovative payment solutions to banks, retailers, payment processors, and telecom operators, including ATM and POS driving, mobile banking, and multi-channel payments. Postilion solutions provide these organizations with the availability and scalability necessary for high-volume, mission-critical transaction processing systems, combined with the flexibility, time to market, and cost advantages of open systems. Postilion solutions are now available on the IBM AIX and DB2 platform, which is becoming increasingly popular with European banks, in addition to long-standing support for the Microsoft Windows Server operating system and SQL Server database.
About Postilion
Postilion, a division of S1 Corporation , 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 500,000 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) 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.
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