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Johannesburg, South Africa - 1 April 2008 - Postilion, a leading provider of software solutions for self-service banking and payments and a division of S1 Corporation, is participating in the African Banking Technology Conference being held in Nairobi, Kenya, from 1 to 3 April. This key East African conference provides the banking community with in-depth briefings from African and international experts, designed to enable decision-makers to assess the latest banking technology systems and strategies.
Postilion is well-positioned to offer insights into building world-class payment systems as more than 90 organizations on the continent, including the top three banks and top three retailers, use Postilion solutions to drive their electronic payments. Postilion consultants are on hand to discuss some of the most pressing issues facing African financial service providers, such as ensuring continuous availability, achieving industry compliance such as the PCI DSS, and making the most of new self-service banking technologies.
Presentations on African electronic payment systems are given by Postilion partners and resellers in plenary session 5 of the conference:
- The rise of Nigeria's national payment system: Mitchell Elegbe, Managing Director, InterSwitch Limited, Nigeria
- Innovative delivery channels: Maximizing EFT opportunity: Barry Ryan, CEO, Fintech, Kenya
- Payment solutions for Africa: Norman Roberts-York, Head of Payment Solutions, Transaction Payment Solutions, UK
On the Postilion exhibition stand, F1, will be a demonstration of the Postilion Mobile solution which has been designed to facilitate the burgeoning use of mobile phones for banking and payments. Postilion Mobile is one of a range of the solutions available on the multi-channel Postilion transaction processing platform. Also being demonstrated are the Postilion ATM Driving and Postilion Payment Switching solutions, and advanced transaction monitoring.
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 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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